Category: American Economy

New York’s slow and extraordinarily costly shamble in rebuilding the World Trade Center after 9/11, now almost seven years ago, is a typical example of socialist state planning. This fiasco is a model for what so-called progressive liberals, led …

In the throes of the Great Gasoline Crisis of 2008, many irate citizens are wrongly blaming President Bush and the Republicans for it all, vowing to install veto-proof Democrat majorities in both chambers of congress and a socialist black Muslim …

The just-stalled Senate bill to reduce greenhouse gas emissions reflects a basic doctrine of the socialist religion: government bureaucrats are smarter and more effective managers than businessmen and should be empowered to set the rules for running private business. …

Nancy Pelosi and Newt Gingrich are featured together in a television commercial which focuses on how conservatives and liberals can come together to find solutions for problems caused by climate change. Mr. Gingrich’s explanation for joining this $300 million dollar …

Senator Clinton and the Los Angeles Times need to get their facts straight before making ignorant pronouncements.

The Los Angeles Times Blog reported:”In the very first words she uttered reacting to John McCain’s speech on the housing market crisis Tuesday, …

The role of the Federal Reserve has changed enormously, not for the good, since its creation in 1913. Most people today assume that the Fed’s proper function is to manage the economy via monetary policy. A quotation in …

Nobody should be surprised to see side-by-side headlines proclaiming that oil is hitting record prices while the dollar is dropping to new lows against foreign currencies. The pieces fit. As America is forced to expend ever more of its monetary …

Economists in the latest Wall Street Journal forecasting survey gave Federal Reserve Chairman Ben Bernanke the lowest grade of his two-year tenure — 75 out of 100 points — and said it was increasingly likely the U.S. economy will tumble …

The current Republican and Democratic economic stimulus plan is the latest version of a much tried and repeatedly untrue liberal-progressive panacea. Stimulus packages first surfaced in this country, under President Herbert Hoover, as a product of the liberal-progressive-socialist doctrine …

There’s nothing stimulating about the government borrowing money from our grandchildren to give to people who are going to spend it at Wal Mart buying junk made in China. This proposed stimulus package is nothing short of a tax refund …

The Federal Reserve chairman, who normally tries to avoid reacting directly to financial markets, saw global markets in free fall, and yesterday abruptly orchestrated the single deepest cut in the Fed’s main interest-rate target in more than two decades. …

Are you worried that the markets are going to crash, that you aren’t going to have enough money to pay off your credit cards, that your investments might falter, that the company you work for might not have enough work …

We’re heading back to the disaster of President Nixon’s Keynesian economics of price controls, rampant deficit spending, and punishing inflation. As asserted frequently on this website, Federal deficit spending is not a cure for economic recessions and unemployment; it’s a …

The sour housing market is taking on added significance in the presidential race as candidates look for votes in foreclosure-heavy states such as Michigan, Nevada and Florida. With an eye toward Michigan and Nevada next week, New York Sen. Hillary …

The Sunday, December 16, 2007, edition of the New York Times carries a review of Robert Kuttner’s The Squandering of America: How the Failure of Our Politics Undermines Our Prosperity.The reviewer, Harry Hurt III, summarizes the author’s views: “The potential …