The nationwide revelry surrounding our apparent economic recovery was disrupted this week by the release of lower-than-expected retail sales data. However, rather than sending a ...
In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both ...
Strike up the band, boys, happy days are here again! Recently released short-term economic data, including unemployment claims, non-farm payrolls, home sales, and business ...
With millions of homeowners now struggling to repay money they clearly never should have borrowed, our leaders have been righteously wagging fingers at predatory lenders who ...
“Bush Boom Continues” trilled the headline over the Lawrence Kudlow column, as George W. Bush closed out his seventh year in office. “You can call it ...
There is nearly universal agreement that the opening salvo of the Obama Administration’s campaign to restore health to the financial system, delivered this week by new ...
So cheer up! Austin's essay on the distinction between "tragic" and "comic" libertarianism was sparked, I gather, from some email conversations between the two ...
“British jobs for British workers!” thundered Gordon Brown, as he emerged from the shadow of Tony Blair to become prime minister. His populist sloganeering has now ...
My popularity on television and the internet has led a very small money manager to use his popular financial blog to promote his fledgling business by attacking the recent poor ...
This week, in a speech before the London School of Economics, Fed Chairman Ben Bernanke offered a perverse economic theory in his quest to gather support for never-ending Wall ...
A few weeks ago when the Fed announced a strategy designed to bring down long-term interest and home mortgage rates through unlimited Treasury bond purchases, government debt ...
It won’t come as a great shock to anyone that the current state of the financial markets shows that we’ve still quite a bit to learn about economics. While there were ...
I find the fact that Bernard Madoff is walking around free and smoking cigars an outrage. The press and media have reported that his two sons gave him away. That’s almost as ...
Like many pragmatic economists I have always warned that rapid expansions of government debt would result in inflation and higher interest rates. The explanation was always ...
I used to answer friends who told me something I’d said was tasteless (and they were right) with a quip like, “If you can’t joke about terrorism and cancer, what ...
Our representatives in Washington, alongside the easy-credit Federal Reserve and its Wise Leader, "Helicopter Ben," have essentially subsidized a rash of misguided ...
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