Economics

Federal unemployment ended Saturday, so now some 1.3 million people won’t be getting their $1,166 (on average) monthly check. By June, another 1.9 million will be cut off.

Many of the lessons being learned the hard way in Detroit's bankruptcy will, unfortunately, have to be learned over and over again.

 

 

The mathematically inevitable end of one of the Ponzi schemes in Social Security draws closer as the number of disability recipients continues to increase.

 

Just one in 10 American adults is opposed to auditing the shadowy Federal Reserve, with an overwhelming 74 percent supporting an audit of the controversial central bank, according to a new poll released by Rasmussen. While the banking cartel-run institution has hired lobbyists and unleashed various gimmicks to improve its image and protect its cloak of secrecy from Congress and the public, it appears increasingly clear that the people see through the charade. Now, the question is whether lawmakers will side with the establishment to protect the Fed, or with the American public and their demands for transparency.

 

 

Janet Yellen, President Obama's choice to succeed Federal Reserve Chairman Ben Bernanke next year, is among a number of influential economists who would welcome a higher rate of inflation to boost a stagnant economy and reduce unemployment.

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