Earlier today I wrote that macro history raises serious questions about returning the monetary system to a gold standard, a goal that some pundits (and a few Republican candidates for president) advocate. Looking to gold as a cure for economic...…
The recent rise in the stock market has been accompanied by an increase in inflation expectations. That’s a healthy sign while we’re trapped in the new abnormal. One day the stock market and inflation expectations will go their separate ways,...…
In the United States today, unemployment among those age 18 to age 34 is at epidemic levels and the number of young adults that are now living at home with Mom and Dad is at an all-time high. So why are so many of our young adults jobless? Why are…
Former House Speaker Newt Gingrich calls President Barack Obama the “food stamp president.” A study released this month proves the moniker is deserved. Gingrich bases his claim on the fact that 14.2 million new people have joined the food stamp … Continue reading →…
The economy may be poised for better days, but we’re still a long way from a genuine boom. Indeed, some folks remain skeptical generally and warn that the economy is more likely to contract than grow in the foreseeable future....…
Earlyyesterday the thought occurred to me that it might be a good idea to writesomething about the effects of inequality on happiness levels. I havebeen thinking that the judgements people make about inequality are more likejudgements about the charact...…
Many libertarians, perhaps most notably Thomas E. Woods, support the decentralization of power from the federal government, including the power of nullification. Many people fear and denounce this power, often because they like the immense power of the central state and are supporters of big government. There are, however, some…
Image via Wikipediaby David Korten, Yes! ...…
Reading this morning's latest weekly update on jobless claims inspires the question: When will we see evidence that a new recession is here, or lurking in the near future? The answer: Not today. If there's a clear sign that the...…
American consumers are spending less and saving more. That's the message in yesterday's personal income and consumption report for December from the Bureau of Economic Analysis. That's a healthy development for household balance sheets and, in the long run, it's...…
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