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Economy

Big Government = Low Wages

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 ...

Where Have All the Gas Pumpers Gone?

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 ...

Happy Days

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 ...

Predatory Borrowers (and Legislators)

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 ...

Measuring National Decline

“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 ...

Geithner Lays an Egg

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 ...

The Economic Apocalypse Isn”€™t So Bad

So cheer up! Austin's essay on the distinction between "€œtragic"€ and "€œcomic"€ libertarianism was sparked, I gather, from some email conversations between the two ...

New New Nationalism

“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 ...

Was “€œPeter Schiff Was Right”€ Wrong?

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 ...

Credit Where Credit is Due

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 ...

The Next Bubble to Pop

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 ...

This Fiscal Stimulus Argument

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 ...

He Mad-off with the Money!

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 ...

The Nightmare Before Christmas

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 ...

America: A Pyramid of Ostriches

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 ...

The Standard of Living Bubble (And Why It’s About to Go Pop!)

Our representatives in Washington, alongside the easy-credit Federal Reserve and its Wise Leader, "€œHelicopter Ben,"€ have essentially subsidized a rash of misguided ...

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