FEBRUARY 24, 2012 ‘Stupid’ and Oil Prices Obama’s Forrest Gump analysis of rising gas prices. ‘The American people aren’t stupid,” thundered President Obama yesterday in Miami, ridiculing Republicans who are blaming him for rising gasoline prices. Let’s hope he’s right, because not even Forrest Gump could believe the logic of what Mr. Obama is trying […]
OBAMA’S EXCUSES FOR OIL PRICE RISE Read More »
FEBRUARY 6, 2012 The Fed Votes No Confidence The prolonged—’emergency’—near-zero interest rate policy is harming the economy. By CHARLES SCHWAB Mr. Schwab is founder and chairman of the Charles Schwab Corporation We’re now in the 37th month of central government manipulation of the free-market system through the Federal Reserve’s near-zero interest rate policy. Is it
THE FED’S NEAR-ZERO INTEREST RATE AND ITS IMPACT Read More »
JANUARY 27, 2012 The Zero Decade The Fed doubles down to reflate the housing market. The two most powerful men in Washington have a big disagreement. No, not President Obama and Speaker John Boehner. We mean Mr. Obama and Federal Reserve Chairman Ben Bernanke, who can’t seem to agree on the health of the U.S.
THE FEDERAL RESERVE AND THE ZERO DECADE Read More »
JANUARY 25, 2012 Individuals should be free to decide what to produce and consume, and their decisions should be made within a predictable policy framework based on the rule of law. By JOHN B. TAYLOR As this election year begins, a lot of people are wondering what we can do to restore America’s prosperity and
ECONOMICS FOR THE LONG RUN – THE REAGAN YEARS Read More »
DECEMBER 28, 2011 When is a loan between central banks not a loan? When it is a dollars-for-euros currency swap. By GERALD P. O’DRISCOLL JR.Mr. O’Driscoll, a senior fellow at the Cato Institute, was vice president at the Federal Reserve Bank of Dallas and later at Citigroup. EXCERPT FROM THIS ARTICLE: First, the Fed has
THE FEDERAL RESERVE’S COVERT BAILOUT OF EUROPE Read More »
US NEWS & WORLD REPORT December 1, 2011 by Rick Newman The bank bailouts in 2008 and 2009 were controversial because wealthy bankers seemed like the last people who needed help. Now, the Federal Reserve and other central banks are rescuing one group held in even lower regard than bankers: politicians. [See 11 dates investors need
THE FEDERAL RESERVE, NOW BAILING OUT POLITICIANS Read More »
NOVEMBER 26, 2011 ‘The New Tammany Hall’ The historian of the American city on what Wall Street and the ‘Occupy’ movement have in common, and how government unions came to dominate state and local politics. By MATTHEW KAMINSKI New York ‘What has the country so angry,” says Fred Siegel, “is the sense that crony capitalism
THE PUBLIC SECTOR UNIONS ARE THE NEW TAMMANY HALL Read More »
NOVEMBER 2, 2011 EU and U.S. debt are interlinked through the banking system. By GERALD P. O’DRISCOLL JR. When is a bailout not a bailout? When the bailor is short of funds. The recently announced debt plan in the European Union comes up short in almost all respects. The debt crisis is not just an
WHY WE CAN’T EXCAPE THE EUROCRISIS Read More »
NOVEMBER 1, 2011 After World War II, the U.S. promoted international economic growth through reliance on the market and the incentives it provides. Times have changed. By JOHN B. TAYLOR When President Obama meets with his counterparts from other G-20 countries in Cannes later this week, American economic leadership will, unfortunately, largely be absent. At
A SLOW-GROWTH AMERICA CAN’T LEAD THE WORLD Read More »
OCTOBER 28, 2011 Concern over future tax rates is one of the main reasons for reduced investor confidence. By ALLAN H. MELTZER Those who heaped high praise on Keynesian policies have grown silent as government spending has failed to bring an economic recovery. Except for a few diehards who want still more government spending, and
FOUR REASONS KEYNESIANS KEEP GETTING IT WRONG Read More »
