Although elements of socialism have slowly crept into the economy, President Obama's calls for wage insurance cross well over the line. Under his State of the Union proposal, American workers could draw benefits merely for taking lower paying jobs, effectively cancelling out the free market in the process.
The International Monetary Fund is urging G-20 nations to consider a coordinated implementation of fiscal and monetary stimulus to counteract signs of a slowing global economy. What does that mean, and does it make sense for the United States and the rest of the world to consider?
Heavy doses of monetary policy have become the norm throughout the Western world over the past few decades, with the lowering of interest rates the most commonly utilized tool. Can interest rates ever go below zero, and if so, what does it mean?