The Atlanta branch of the Federal Reserve System's GDPNow has a record of embarrassing mainstream economists who continue to view the economy through rose-colored glasses.
Further evidence of the federal government’s vast overreach can be found in a report out of the Competitive Enterprise Institute (CEI) that reveals that over 3,500 new regulations were issued in 2014, and 224 new laws had been passed. According to the report entitled Ten Thousand Commandments, the cost of government regulations is $1.88 trillion per year, or $14,976 per every household.
Moody's has cut Chicago's debt two levels to junk status, belying Mayor Rahm Emanuel's claims of progress in lowering the city's debt.
Ignoring economic reality, political ideologues ban the very activity that could solve the problems faced by residents suffering under the ban.
Global Business Dialogue, a key corporatist lobbying group for so-called Free Trade agreements, is upping the pressure for passage of “Fast Track” Trade Promotion Authority (TPA.
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.