Keynesian experiments with the economy are having, once again, unintended consequences. Freshly created money, instead of acting as a stimulant, is acting as a sedative.
The Left is correct that the top one percent of Americans have gotten richer while the bottom 99 percent have stagnated, but they couldn’t be more wrong about the reasons why.
Reality has forced Hillary to admit what most voters already know: The economy has shifted into neutral.
If Walmart’s appeal of a court's November ruling fails, it'd be a victory for anti-gunners who want to remove guns from Walmart's shelves.
Tax Freedom Day — the first day of the year in which Americans as a whole have theoretically earned enough income to pay for all their taxes — arrives this year on April 24 according to a report from the Tax Foundation, which has calculated Tax Freedom Day for the United States since 1971.
Still reeling from the economic catastrophe that struck in 2008, Iceland and its Parliament are debating a plan that would dramatically restructure the tiny nation’s monetary system by stripping commercial banks of the legal ability to create currency out of thin air — and handing that power exclusively to politicians and central bankers under what is being labelled a “sovereign money” system. The proposal to quash private bankers’ fractional-reserve system, where banks literally bring new currency into existence with government permission and then charge interest on it, is already making major waves. It is being described by analysts as everything from “radical” and “revolutionary” to a prescription for “an almost Soviet-style banking system.” Either way, the implications of the debate are enormous.
The Peterson Institute has discredited itself repeatedly with promised benefits from NAFTA and other free trade agreements that failed spectacularly, but it is back with more of the same to promote the Trans-Pacific Partnership (TPP).
Police and firemen in Memphis are quitting and finding work elsewhere because their pensions have been underfunded and must be scaled back.