The Japanese government has kept unprofitably invested capital in place with fiscal and monetary stimulus as well as central bank policy that continues to keep bad debt frozen on the books of zombie banks.
The Japanese government has kept unprofitably invested capital in place with fiscal and monetary stimulus as well as central bank policy that continues to keep bad debt frozen on the books of zombie banks.
Washington’s stunning economic power grabsâ€â€healthcare centralization, Keynesian fiscal stimulus, and Federal Reserve bailoutsâ€â€are creating an unintended consequence: an increasing demand for freedom literature. Exhibit A would have to be F.A. Hayek’s 66-year-old Road to Serfdom’s recently hitting number one for all books on Amazon.com.Those desiring an even deeper education in the ideas of liberty...
The President’s Council of Economic Advisers (CEA) has released its most recent quarterly report on the effects of President Obama’s stimulus plan. Not surprisingly, the CEA praises this monumental Keynesian scheme, crediting the stimulus for saving or creating 3.6 million jobs and increasing the amount of private funds invested in the economy.What should we...
It seems that when an economy goes bad, the temptation for intellectuals to go and do likewise is too much for them to resist. Public thinkers across the spectrum, from Paul Krugman to Richard Posner, are now calling for a return to Keynesian economics, which attributes recessions to irrational, unexplainable decreases in aggregate demand...
The last thing we need in the midst of our current recession is what happened last Friday: the third increase in the minimum wage in only two years. Contemporary labor markets throughout the country are not a pretty picture. Last month’s national unemployment rate was 9.5 percent. In the most directly affected marketsâ€â€those for...
When facing a major financial problem, it is not uncommon to face the temptation to do something foolish at best or something evil at worst. Our elected officials and un-elected monetary and financial authorities are on the brink of doing both. Although the House of Representatives defeated the initial proposed $700 billion bailout of...
Latest News Headlines
