Economics

After the Supreme Court refused to hear an appeal of lower-court rulings, the Federal Reserve must release information within five days about its “emergency” bailouts of large banks and financial institutions undertaken in 2008 under the guise of saving the financial system.

As inflation continues to rear its ugly head, one of the most pressing and ominous side effects of the country’s inflationary spiral is the rapid and sustained increase in gas prices.

The Utah House of Representatives voted on March 4 to make gold and silver coins issued by the federal government into legal tender within state borders, prompting praise from sound-money advocates across the nation. The legislation will now be taken up by the state Senate.

BernankeFederal Reserve Chairman Ben Bernanke told members of the House Financial Services Committee March 2 that even mild cuts in spending could cost the economy 200,000 jobs, and offered a bizarrely vaporous definition of the dollar to Rep. Ron Paul.

On the heels of last week’s report that interest on the $14.13 trillion national debt will quadruple in the next decade, we now learn how much means for the average American household.

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