Category: American Economy

Foreign companies have provided over 6 million jobs here in the U.S. in recent years, most of those paying well above the average. Job displacement is unfortunate but inevitable. In a perfect world, no job would ever be lost. …

The exchange value of the dollar is declining at an accelerating rate, and China has blown the whistle to stop the game. Since the recovery from the 1999 dot.com bust, we have benefitted from cheap imports that kept inflationary …

When Henry Paulson was named Treasury Secretary last year, the former head of Goldman Sachs Group Inc. was seen as an ally of Wall Street, someone who could navigate a financial crisis. Now, with Treasury brokering a $100 billion …

President Bush, saying many Americans have lost faith in their ability to compete in the global economy, vowed to revive the country’s free-trade agenda, and he chastised corporate America for behavior that is adding to the public’s anxiety. “I …

If they can’t bring illegal workers in by the bus load to replace hard working American’s and lower their operating costs many companies decide to move their operations to locations where cheap labor is legal. Take for instance the radio …

Some economic news came out of Washington this week which should give every Democratic candidate for President reason to pause. What this news bulletin shows is that Dems can no longer repeat the tired Clinton Era mantra, “It’s the …

Lawmakers can dismount from their soak-the-rich hobby horses. Reality curtails business excesses; no need for help from Congressman Barney Frank. The free marketplace has chastised hedge fund managers more effectively than any taxes or regulations Congressional socialists might have …

Each of us must take individual responsibility for answering God’s call to help others, even at mortal peril to ourselves. Our liberal, socialistic welfare state impels us to selfish indifference toward the needs of individuals in our midst. …

Liberals behave like a pyromaniac who sets fire to his own house, then is angered because the rest of the family try to salvage their possessions and escape from the blaze. Like the pyromaniac, liberals feed the destructive flames …

Contrary to the popular understanding, higher wage rates and higher oil prices do not cause inflation. They are symptoms of the real danger.

Until 1933, the U. S. dollar was the among the strongest and most stable currencies in the world. With the stroke of a pen, President Franklin Roosevelt torpedoed it. We are still plagued with the resulting inflation.

American labor unions are pushing candidates for the Democratic Party’s 2008 presidential nomination toward expansion of the welfare-state and massive inflation of the sort that the Great Society spawned.

In both Italian Fascism and German National Socialism, the political state had the last word in establishing wages, hours, production volumes, and sale prices of goods. Unlike Soviet Communism, Fascism left property ownership in its original hands, recognizing that regulatory …

Experience has proved that a rising level of business activity does not create inflation, nor does a rising level of interest rates control inflation. Both are discredited liberal economic doctrines that survive in public misperception only because too many college …

Raising the minimum wage from $5.15 per hour, the current rate, to $7.25 over the next three years will do little, if anything, to help low-income workers. An increase in labor costs that is unrelated to market forces will encourage …