“A transparent budget proposal—such as the Administration’s first 2012 Budget presented by President Obama on February 14 or the House Budget presented by Paul Ryan on April 6—contains year-by-year tables […]
“A transparent budget proposal—such as the Administration’s first 2012 Budget presented by President Obama on February 14 or the House Budget presented by Paul Ryan on April 6—contains year-by-year tables […]
“Previous statements about exits by Fed officials simply listed the tools that could be used in an exit strategy, but did not actually put forth an exit strategy. In contrast, […]
“Gold rose above $1,500 an ounce to a record in New York and London as a weaker dollar and concern about debt and faster inflation spurred demand for an alternative […]
“Why did politicians cut a trivial amount of money in the recent budget agreement? Prof. Ben Powell explains why politicians don’t cut spending, as a general rule. Using public choice […]
“In fact, there’s a big difference between the three scenarios before the Fed. One option would be to keep QE2 going after June, continuing to grow the Fed’s balance sheet. […]
“The economics profession not only failed to predict the recent financial crisis, but has been struggling in its aftermath to reach a consensus on the cause(s) of the crisis. While […]
“To Atlanta Fed President Dennis Lockhart, higher gas prices dampened consumer spirits and contributed to disappointing growth in the first quarter. High energy prices are likely to weigh on consumers […]
“America currently has $14 trillion in debt on the books and another $70 trillion or so in unfunded entitlements and pensions that are not yet on the books. These debts […]
“The government reported the Consumer Price Index, the most important monthly gauge of inflation, on Friday for March and it showed that inflation is rising at the fastest pace in […]
“The devaluation of the British pound from $2.80 to $2.40 is not only another declaration of the bankruptcy by Great Britain; it is another revelation of the bankruptcy of the […]