The Fed: Forever Blowing Bubbles
An article in the New York Times asked that since the Federal Reserve “failed to recognize the last bubble,… why should Congress, or...
Economics
Bernanke: Lax Oversight Recession’s Cause
Regulatory failures and not low interest rates were responsible for the housing bubble, implosion and current recession, Federal Reserve Chairman Ben Bernanke asserted...
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The Fed’s New Tool to Fight Inflation
Last Monday, the Federal Reserve unveiled its new “term deposit facility” as another tool to fight inflation. ...
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Paul A. Samuelson, ‘Economics’ Textbook Author, Dies at 94
Long-renowned economist Paul Samuelson died on December 13 at his home in Belmont, Massachusetts, at the age of 94. In addition to writing...
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Nancy Pelosi Supports Global Tax on Stock Transactions to Fund Next Stimulus Bill
Speaker of the House Nancy Pelosi (D-Calif.) is the Will Rogers of big government: She never met a tax she didn’t like. Her...
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Captains of the Economy: The ‘Good Ol’ Boy’ Network is Alive and Well
In its attempt to glorify “the 10 who shaped the U.S. economy the most since 2000”, ABC News did a great favor for...
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Another Stimulus Spending Bill in the Works
Top Washington Democrats are planning another round of "stimulus" spending legislation to create jobs, according to the Los Angeles Times for November 27....
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The National Debt: How Soon Before Uncle Sam Cries ‘Uncle’?
When Bob Schieffer of NBC News asked the rhetorical question: "...has going a trillion dollars in hock to one country [China] made us...
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America’s Multi-Tiered Healthcare System
MSNBC reported on November 23 that America may be looking at a two-tier system of medical care. The news organization described the care...
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The Diminishing Dollar
It began as a series of explosive claims in a British newspaper on Tuesday, October 6, and quickly turned into an all-out rout...
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Economists Surveyed Think Recovery Starting
Over 80 percent of the economists surveyed by the National Association for Business Economics believe that America’s worst recession since the Great Depression...
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Gold Hits Record Highs for Three Days
Early on October 8, BBC News reported that gold had hit $1,058 per ounce, marking the third consecutive day of all-time-high prices. ...
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UN Attacks Capitalism, Dollar
The United Nations released a report Monday attacking free-market economics and the role of U.S. Federal Reserve notes in the world economy, while...
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Fed Ordered to Release Documents, Fights back
A federal court ordered the secretive Federal Reserve (Fed) to hand over documents about its “emergency” lending programs Monday under a Freedom of...
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Bernanke Renominated as Fed Chairman
President Barack Obama on August 25 renominated current Federal Reserve Chairman Ben Bernanke to another four-year term as Chairman of the Federal Reserve...
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