How would America ever survive without the central planners in the Obama administration and at the Federal Reserve? What in the world would we do if there was no income tax and no IRS? Could the U.S. economy possibly keep from collapsing under such
DYLAN'S LAST SHOW on MSNBC will be on Friday June 22, 2012 at 4PM! Dylan says his next move will be to put what he's been preaching into action; "to show rather than to tell" in his words. I don't know what form this will take, but in the meantime yo
• http://www.economicpolicyjournal.comBy Bill Bonner
According to the press accounts, the race to replace Ben Bernanke is centered on two people – Janet Yellen and Larry Summers – with Summers on the inside track.
I’ve been emphasizing for months that the current correction in the gold price is a result of speculative money fleeing the market and not any reflection of gold’s long-term fundamentals.
Yet even with a department so bloated that it has a horseshoer and no horses, the local union president said it is "not possible" to eliminate positions.
Every now and then I like to look at government numbers and see what they really mean. I ran into this batch several months ago but hadn’t had time to play with them till now.
Official government statistics are make-believe. The government makes inflation and unemployment disappear by how it defines inflation and unemployment, and it makes the economy grow by how it defines Gross Domestic Product. The definitional basis de
Even though the United States has the highest incarceration rate and the largest total prison population in the world by a very wide margin, hundreds of communities all over America are being overwhelmed by crime and violence. For many years, violen
Those of you who didn’t sleep completely through American history class probably recall the phenomenon of Hoovervilles throughout the U.S. in the early years of the Great Depression.
Will rapidly rising interest rates rip through the U.S. financial system like a giant lawnmower blade? Yes, the U.S. economy survived much higher interest rates in the past, but at that time there were not hundreds of trillions of dollars worth of i
Even gun makers want to be liked. So governors and other politicians from states eager to embrace the industry have descended on places where they are not so popular — like Connecticut, Maryland, New York and Colorado — offering
Those of you who didn’t sleep completely through American history class probably recall the phenomenon of Hoovervilles throughout the U.S. in the early years of the Great Depression. These were shantytowns that sprung up all across the nation and wer
Restaurant owners respond that most of their minimum wage workers are young and don’t stay on the job for very long – and therefore, they don’t require higher wages. The companies are trying to play up the stereotype of the McJob as a transitional st
Are American workers paid enough? That is a topic that is endlessly debated all across this great land of ours. Unfortunately, what pretty much everyone can agree on is that American workers are not making as much as they used to after you account
It would be the epitome of human folly to ignore the repetition of the same Wall Street financiers who have routinely inflicted financial chaos and abject poverty by debt upon the under-developed world for decades, who now have leading roles
Over the past several years, almost the entire decline in the unemployment rate can be accounted for by people “leaving the workforce”. The “unemployment rate” has not been going down because people are actually getting jobs. Rather, the “unemploym
Thanks to Edward Snowden, children all across America could be rejoicing at the prospect of seeing less Broccoli on their dinner plates after a tariff-free trade agreement between the United States and Ecuador on the imports of frozen broccoli, flowe
Something very strange is happening to Detroit. Once upon a time, it was the center of American manufacturing and it had the highest per capita income in the United States. But now the city is dying and the Chinese are moving in to pick up the piec
There is one vitally important number that everyone needs to be watching right now, and it doesn’t have anything to do with unemployment, inflation or housing. If this number gets too high, it will collapse the entire U.S. financial system. The num
Unions are not bad things necessarily. Private unions in theory can in fact be quite good.
If a group of people want to come together peacefully and offer their labor in bulk because it is more valuable that way, great.
In return for a contract
While one can have sympathy for the over-levered, underwater homeowners that took free-money with both hands and feet as house prices surged in the mid-2000s (just like they are now) but the latest moves to 'save' people from themselves in the city o
What is America going to look like when the middle class is dead? Once upon a time, the United States has the largest and most vibrant middle class in the history of the world. When I was growing up, it seemed like almost everyone was “middle class
Earlier this month, Google GOOG +0.98% announced disappointing earnings, and its stock immediately dropped 5% (Disclosure: I own Google stock through a fund).
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