Last week at the famous Federal Reserve confab at Jackson Hole, Wyoming, Chairman Ben Bernanke laid the groundwork for Quantitative Easing III. He couldn’t contain himself about how well the first two versions of the big...
The Republicans have put some serious oomph in their presidential campaign over the last month. First Mitt Romney picked Rep. Paul Ryan as his running mate, a move which not only fired-up a very good portion of the...
Last week, a group of top economists, among them any number of Nobel laureates, signed a letter endorsing Republican presidential candidate Mitt Romney’s economic plan. These economists indicated that as...
If there’s one thing we can be sure of ever since this Great Recession hit four years ago, shortly after we got sated on the Beijing Olympics in late summer 2008, one verity, it is that the money supply has gone up ever...
The public finance news out of California is slipping from grim to bleak. First Stockton in the Central Valley declared bankruptcy. Then, San Bernardino followed suit. Now we learn that Victorville, its neighbor in the...
It’s staple fare in opinion pages and textbooks these days that “inequality” has been on the rise in this country over the past generation. President Obama’s economic policy, for what it’s worth, has been based on...
As George H.W. Bush turns 88 years of age, there has come a strange bout of nostalgia for days when Congress and the President worked together amicably. The notable example of the H.W. years was the atrocious “budget...
Last week, Howard Gold ofMarketWatch wrote a widely read column called “It’s Time to Bury Supply-Side Economics.” Here’s how the argument went, Gold’s words: “Supply-side economics held that reducing...
Last Friday morning, as the latest terrible jobs report came out, here were the recent contents on the White House website dedicated to the issue of jobs. There was a post on how small businesses can get on the federal...
As NATO leaders gathered in Chicago, and as France settled in with its new socialist leadership, the word last week was that to get out of crisis, Europe has to choose between growth and austerity. On its face, this is...