Yellen's statements yesterday were ridiculous. She said that the decision as to whether or not to raise rates would depend upon "further improvements in the labor market." What exactly does that mean? Employment creation is anemic and has been since the Fall of...
Oil and the Monopoly Myth
Those who oppose free markets often cite monopolies and large corporations as needing to be tamed by a bureaucratic apparatus designed to "protect the public."
The energy "crisis," as it used to be known, was a clash between growing energy demands and limited supplies. The...
Jack Lew is Clueless
Thursday, speaking in Lima, Peru, US Treasury Secretary Jack Lew said: "When you look around the world, the question is the still the same. Policy makers have the capacity to help boost growth, but it's a test for all our political systems to determine we have the political...
Weak Economic Numbers Are Getting Weaker
Earlier this week, GDP for third quarter was announced by the Commerce Department as 1.5 percent, versus 3.9 percent in the second quarter. Not much doubt about the trend here.
Today's personal income growth for the month of September checked in at barely positive.
For the...
More Rubbish From Academia
One Stanford "scientist" and his two Berkeley colleagues have penned a study recently asserting that average income in Mexico will plunge 73 % due to "global warming." US per capita income will fall 36 percent by 2100, according to "research" published by this trio. This...
Accepting A Mediocre Economy
The Obama Administration is touting the US economic recovery as a job well done. Data made public yesterday shows that 2014 produced 2.4 percent GDP growth. Such low levels of growth were considered cause for alarm in the years before Barrack Obama became President. ...
The Budget Debate and Shutting Down The Government
According to the US Constitution, Congress makes the laws, including those governing the spending of money, and the President is the executive, enforcing the laws made by Congress. So, how does a budget get enacted and implemented, according to the Constitution?
The House...
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