I have long railed against fractional reserve lending, duration mismatches (e.g. banks issuing 2-year CDs and lending money for 15-year mortgages), bank's ability to lend money into existence, and deposit insurance.
When describing their view of government and public policy, libertarians and constitutional conservatives sometimes use a variation of this phrase: Not everything thats illegal is immoral, and not everything thats immoral should be illegal.
Friday, the Labor Department is expected to report the economy added 247,000 jobs in March down from 295,000 in February and 324,000 during the fourth quarter.
This debate is so banal. Progressives shout discrimination, conservatives cry liberty, and it really all boils down to the difference between government and private action, which both sides misunderstand.
In the free market capitalist vision of society, individuals and companies would set aside whatever personal animosities they have if they wanted to supply goods and services to the widest possible customer base.
Theres an old investment saying that you should buy what you know. If we did that, it surely would limit the number of companies in which we invest. Maybe that wouldnt be such a bad thing, but perhaps a better strategy would be to buy things you understand.
The string of bad data reports not only applies to the US, economists up North appear to be no better at predicting the weather than US economists.
Now that we've demonstrated that the passage of the Affordable Care Act has resulted in a declining quality of life for average Americans since 2009, we thought we'd next discuss how that outcome came to pass, but first, we thought we'd first illustrate the trade off that American consumers are being forced to make using a production possibilities frontier curve - perhaps the first time in living memory that such a curve has been developed using real life data!
Over the past few decades while the economic power of the Chinese has grown exponentially, many observers have been surprised by the relative willingness of China to operate within the financial and economic framework established by the dominant Western order.
Its amazingly simple to reduce the burden of government spending. Policy makers simply need to impose some modest spending restraint so that government doesnt grow faster than the economys productive sector.
Dear Carrie: My younger brother and I (he's in his mid-50s, and I'm in my early 60s) disagree about whether it makes sense to file for Social Security before the age of 70. Could you shed some light? -- A Reader
Over the past few months in cities throughout the country, we have seen harsh moments that have been characterized as "racial incidents." Whether it be Ferguson, Mo., New York City or Los Angeles, these events continue to occur in states regardless of which party dominates the political landscape.
Technology is back.
Libertarianism no longer seriously can be considered marginal. It has emerged as an important part of our public discourse.
Many believe that the precipitous decline in the price of oil that the world just saw was Saudi Arabias reaction to Obama cozying up with Riyadhs sworn (literally) enemy, Iran. Saudi Arabia essentially dropped an oil bomb. The blast from which the world appears to have absorbed for the most part.
Theres a secret underneath Boycott Indianas false rhetoric about that states new religious freedom law: some of those involved also want to force you to help purchase and perform abortions.
From her private email server to her use of unofficial clandestine spy rings in Libya, Hillary has repeatedly proven that she has a penchant for scheming that would make Ernst Stavro Blofeld blush.
CoreLogic chief economist Dr. Frank Nothaft says Strong Economic Growth To Propel US Housing Market in 2015.
Today, we're going to follow up an observation we made when we examined the major trends for how the consumer spending patterns of Americans has changed from 1984 through the present, where we observed that since 2009, increases in expenditures for health insurance are being paid for by the reduced consumption of entertainment.
It was supposed to be all private money but alas even in death Teddy Kennedy has found a way to take from the American taxpayer. That the money is going to his own self aggrandizement would have pleased him. That the money came from defense would have pleased him even more.
Downbeat U.S. data has weighed on cyclical stocks during the past week. With the exception of the labor market data, most data has been consistently soft.
As Secretary of State John Kerry frantically tries to reach an appeasement agreement with the Islamic Republic of Iran over Irans nuclear weapons program, yes it indeed is a nuclear weapons program, the security of Israel and the United States continue to hang in the balance.
A new piece by a state expert says bond proceeds provide little of actual value in Chicago.
Ponder the dire significance of the extraordinary story from MSNBC(!) last Friday, reporting on US incoherence in the Middle East, the exploding chaos there, and the shocking news Arab states like Egypt, the Saudis, and UAE are withholding intelligence and launching attacks without consulting the US.
Never in the history of our nation have we experienced such a frighteningly inept and incompetent presidential administration. One could make a good argument that this would apply in all areas, but its particularly applicable in the area of foreign policy and national security.