Economics

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...

Steven Yates August 12, 2009

Bernanke Redefines Inflation for House Financial Services Committee

Thomas R. Eddlem July 22, 2009

The House Financial Services Committee witnessed a classic confrontation July 21 where the redefinition of a word was finalized. The confrontation happened between...

Economic Predictions: Ben Bernanke v. Peter Schiff

Thomas R. Eddlem July 20, 2009

Our politicians in Washington (especially the Obama administration) are following the economic policies of Federal Reserve Chairman Ben Bernanke, who made these economic...

California’s Budget Stalls, Bond Ratings Sink

William F. Jasper July 20, 2009

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...

CPI for June Jumps to 8 Percent Annual Rate

Thomas R. Eddlem July 15, 2009

“Consumer prices shot up in June by the largest amount in 11 months,” the Washington Post reported June 15, “reflecting the biggest jump...

Von Mises Institute: Fed Is Underreporting Inflation

Thomas R. Eddlem July 9, 2009

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...

Obama Advisor Tyson Calls for “Stimulus” Spending Bill

Thomas R. Eddlem July 7, 2009

Just days after Vice President Joe Biden told George Stephanopoulos that it was “premature” to push for another “stimulus” spending bill, Obama economic...

Obama Needs to Learn “Opportunity Cost”

Thomas R. Eddlem July 6, 2009

President Barack Obama was recently called upon to defend his track record of predictions made while selling his “American Recovery and Reinvestment Act”...

Obama Under-reports Interest on National Debt

Thomas R. Eddlem July 1, 2009

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...