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Seeking to repair one of the nation’s worst-financed public pension systems, legislative leaders in Illinois began urgently trying to sell a rescue plan that cuts cost-of-living increases for retirees, raises the age of retirement for some employees,
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Whenever central planners start to feel the heat, a very popular pacifier that they fall back on goes by the name of “rules”.
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This week on The Attorney For Freedom Show our guest was Jason Fichtner, PhD Senior Research Fellow at Mercatus Center George Mason University and we discussed the debt ceiling and other government failures.
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I can only say: I'm sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed's first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to
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One of the more painfully clueless observations made by pundits in recent weeks is that just because everyone is talking about a bubble, there can not possibly be a bubble.
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While shoppers will perceive the discounts on Black Friday as 'saving' them fortunes, the cost of the 2013 Thanksgiving Day dinner may be the most expensive ever.
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Nope, no bubble here... and no complacency either.
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Most people – certainly most governments and economists – define inflation as a general rise in prices. But this is wrong.
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Looking ahead at the week ahead, data watchers will be kept fairly occupied before Thanksgiving.
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Overnight Media Digest
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Economy - Economics USA
Host:
Ernest Hancock
Joby Weeks (Mountain Hours) on Galt's Gulch Chile, Jury Nullification - Richard Grove (Tragedy and Hope) and Chris Duane (Silver Shield Report, The Greatest Truth Never Told) interview each other on education, economics, the future of liberty
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Last Thursday the Senate Banking Committee held hearings on Janet Yellen’s nomination as Federal Reserve Board Chairman.
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Over the course of the last six weeks, since the disastrous launch of health care exchanges mandated under the new Patient Affordable Care Act, we have been made privy to something most Americans didn’t believe was possible:
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"The world has consumed more than it produced for more than a decade," Jim Rogers explains to BoomBust's Erin Ade; but his comments to the leather mini-skirted anchor with regard the actions of the world's central banks bear the most attention.
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If one wishes to help the homeless, smashing what few possessions they do have is among the worst ways to do so. Such action is sure to ruin one's reputation, especially if the person in question is a State Legislator. The possibility of a ruined re
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On June 4, 1963, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President John F. Kennedy
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ppearing in the public press in recent days is the latest ‘brilliant’ Teapublican view that a default by the US government on paying interest on its debt would not have a negative impact on the US or global economy. Both the US and global economie
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China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States.
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This isn't going to end well...
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Over the course of the last six weeks, since the disastrous launch of health care exchanges mandated under the new Patient Affordable Care Act, we have been made privy to something most Americans didn’t believe was possible:
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Global regulators need more policy tools to counter the risk of devastating bank runs and should have powers over a wide array of market participants, U.S. Federal Reserve Governor Dan Tarullo said on Friday.
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Manitoba Government's Early Learning and Child Care fined mother Kristen Bartkiw $10 because she neglected to include healthful Ritz crackers in her kids' school lunches.
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"The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rat
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3.88 Down 0.02(0.56%)
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Still unnoticed by a large part of the population is that we have been living through a period of relative impoverishment. Money has been squandered in welfare spending, bailing out banks or even — as in Europe — of fellow governments. But many peopl
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Can the U.S. government afford to pay for the health care of 38 million more people? As you will see below, Obamacare is going to be the biggest expansion of the welfare state in U.S. history. It is being projected that a decade from now 17 million
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The Volcker Rule is exhibit a for the argument that tough rules to curb Wall Street abuses are easier to describe in brief than to write in detail.
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Which, of course, also happens to be the amount of reserves the Fed has injected into the system (i.e., how much the Fed's balance sheet has expanded) since the great experiment to bailout the US financial system started in September 2008, in which
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It's hard to believe, but this is my first time discussing bitcoin on this site.
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In a series of shocking displays that can be described as nothing short of bizarre, Democratic State Representative Tom Brower has recently undertaken an aggressive personal crusade against the epidemic of homelessness that has come to ravage his hom
