While government officials state inflation is well under control, families around the nation are still feeling the effects of higher prices at the supermarket. Several essential goods for living have continued to experience rising prices, squeezing f
It took the Fed long enough but finally even it succumbed to the reality of surging food prices when, as we reported previously, it hiked cafeteria prices at ground zero: the cafeteria of the Chicago Fed, stating that "prices continue to rise between
Influential financial publisher and former presidential candidate Steve Forbes is out with a new warning that the U.S. faces an economic catastrophe due to the Federal Reserve's loose dollar policy, and returning to a strict "gold standard" is the on
Wealthy members of Congress are living the high life at taxpayer expense, while most of the rest of the country continues to suffer through one of the worst economic periods in our lifetimes. According to an analysis conducted by the Center for Resp
When an economy is healthy, there is lots of buying and selling and money tends to move around quite rapidly. Unfortunately, the US economy is the exact opposite of that right now. The velocity of M2 has fallen
Anyone who buys their own groceries (as opposed to having a full-time cook handle such mundane chores) knows that the cost of basic foods keeps rising, despite the official claims that inflation is essentially near-zero.
For a decade or so, I've been observing the glut of retail space in my city and other cities around the country, including the proliferation of Walgreens stores. (It's the same situation with office space.) Near my house, commercial vacancy rates o
With the housing purchase market for everyone but the wealthiest stagnating (confirmed by today's sliding "plans to buy a home" indicator), forcing Americans to scramble for rental properties and pushing residential asking rents to fresh record high
Local politicians like to avoid raising taxes and cutting services, so they borrow to balance budgets. "If they can borrow and kick the can down the road, they do ... they've been kicking the can down the road for too long,"
Until Ron Paul raised the issue at the national level in 2007, the Federal Reserve System had been treated with the kind of lazy indifference or acquiescence with which the public gradually comes to accept any institution of long standing. To be sure