Category: Economics

July 9, 2013

Illusions: Desperate Students, Peace in the Holy Land and a Balanced Budget

Too frequently, in my role as a University Professor, I encounter the following situation. Three quarters of the way through a semester, a student in a class that I am teaching shows up at my office. The student has done …

June 27, 2013

Crony Capitalism

Filed under: Economics - 27 Jun 2013

Watch my video from last year when I pointed out how awful the U.S. government’s Export-Import Bank is. It actually costs American jobs in order to bankroll crony capitalism. But Washington loves it.

[The Export-Import Bank was started by …

June 2, 2013

“A nickel isn’t worth a dime today”

Filed under: Economics - 02 Jun 2013

On Sept. 22, 2011 in a speech to business executives Navy Adm. Mike Mullen, chairman of the Joint Chiefs of Staff said, “Debt is the biggest threat to U.S. national security.” When the leader of the people famous for $800 hammers …

May 4, 2013

If We Blow It Up Again It Will Blow Up Again

Filed under: Economics - 04 May 2013

Back in 2007 when I was speaking of the crash to come I noted that we really didn’t have to worry because our fearless and infallible leaders intuitively know the remedy. When the bubble bursts they will blow up …

April 13, 2013

Balancing the Budget

Filed under: Economics,In The News,The Republicans - 13 Apr 2013

House Republicans have a plan to balance the federal budget in 10 years. The House Democrats’ plan will do so in 30 years. Senate Democrats have no plan. In fact, the Senate hasn’t even passed a budget …

April 8, 2013

This Isn’t Kansas Anymore, Toto.

Filed under: Economics,Liberalism, Marxism & Communism - 08 Apr 2013

An article by Mortimer Zuckerman in the Wall Street Journal caught my attention today. He puts on paper a long string of correct statements. One of them was this: “The country isn’t really advancing. By comparison with earlier recessions, it …

April 2, 2013

MF Global and the Cypriot Banking Crisis

Filed under: Economics - 02 Apr 2013

By Fred A. Kingery

Editor’s note: A version of this article first appeared at Forbes.com.

With MF Global (MFG) recently disclosing more details on its bankruptcy and liquidation, let’s quickly review the financial debacle that came to fruition under former …

April 1, 2013

Ben Bernanke: Blather from the Ivory Tower!

Bernanke Q and A redux: Nothing but a snake oil salesman!

Back in December after a Ben Bernanke press conference like the one I am watching now, I wrote ‘Ben Bernanke: Snake oil salesman! (Bonus animated video: QE …

March 31, 2013

Runaway Spending

Filed under: Economics,Politics In General - 31 Mar 2013

Every day this year, Washington politicians have tried to warn us . . . . frighten us . . . even threaten us. Increase government spending or America will collapse!

First, the fiscal cliff. Then, the sequester. Next, …

March 24, 2013

From Aid to Enterprise: Intelligent Poverty Cures

Filed under: Economics - 24 Mar 2013

By Dr. Alejandro A. Chuafen

Editor’s note: A version of this article first appeared at Forbes.com.

We will always have the poor among us (Matthew 26:11), but over a billion living on less than $1 a day? It is natural …

March 21, 2013

Troubling Jobs Report

Filed under: Economics,In The News - 21 Mar 2013

Last week, the government announced employers added 236,000 new jobs. The unemployment rate ticked down to 7.7%. National news organizations trumpeted this headline.

Unfortunately, underlying numbers are disturbing.

March 20, 2013

False idols, useful idiots, and sequestration

Those lucky enough to live in free societies generally take a dim view of socialist and communist regimes, sometimes referring to supporters of those ideologies as “useful idiots.” They see them as uninformed or misinformed dupes, tools of corrupt …

March 12, 2013

Eliminating the Deficit, Progressive Style

Filed under: Economics,Liberalism, Marxism & Communism - 12 Mar 2013

By Dr. R.B.A. Di Muccio

Editor’s note: A longer version of this article first appeared at American Thinker.

A wise man once told me that when any tax-levying entity operates at a deficit, the possible causes number precisely two. Either …

March 2, 2013

Economics 102

Filed under: Economics - 02 Mar 2013

People avoid silence because they’re afraid of what they might hear. Although we value our freedom of speech, polite conversation in America is subject to one crushing rule, “Don’t talk about religion or politics!” Most of us …

The Spendaholics’ Offensive

A primary meme of the Democratic Party in 2013 is that the federal government doesn’t have a spending problem. That is what President Obama reportedly said to House Speaker John Boehner (R-Ohio) in their January budget negotiations. Acting on that …

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