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...
Economics
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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William White of the Bank of International Settlements Predicted the Economic Crisis
Who is William White? The name is bound to be less familiar than that of former Federal Reserve Chairman Alan Greenspan, but they...
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Bernanke Redefines Inflation for House Financial Services Committee
The House Financial Services Committee witnessed a classic confrontation July 21 where the redefinition of a word was finalized. The confrontation happened between...
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Economic Predictions: Ben Bernanke v. Peter Schiff
Our politicians in Washington (especially the Obama administration) are following the economic policies of Federal Reserve Chairman Ben Bernanke, who made these economic...
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California’s Budget Stalls, Bond Ratings Sink
On July 14 California's bond ratings, already the lowest in the nation, took another hit. Moody's Investors Service downgraded $72 billion of the...
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CPI for June Jumps to 8 Percent Annual Rate
“Consumer prices shot up in June by the largest amount in 11 months,” the Washington Post reported June 15, “reflecting the biggest jump...
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Von Mises Institute: Fed Is Underreporting Inflation
The Ludwig von Mises Institute’s Howard S. Katz has revealed that the Federal Reserve Bank has inflated the U.S. currency to unprecedented levels...
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Obama Advisor Tyson Calls for “Stimulus” Spending Bill
Just days after Vice President Joe Biden told George Stephanopoulos that it was “premature” to push for another “stimulus” spending bill, Obama economic...
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Obama Needs to Learn “Opportunity Cost”
President Barack Obama was recently called upon to defend his track record of predictions made while selling his “American Recovery and Reinvestment Act”...
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Obama Under-reports Interest on National Debt
The Congressional Budget Office (CBO) informed Rep. Paul Ryan, ranking Republican member of the House Budget Committee, that President Obama’s budget under-reported (and...
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Summers Speaks at CFR on Economic Policy
President Barack Obama’s director of the National Economic Council, Larry Summers, spoke at the Council on Foreign Relations on June 12. At the...
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