Opportunity Cost

President Barack Obama was recently called upon to defend his track record of predictions made while selling his “American Recovery and Reinvestment Act” (ARRA) “stimulus” package.

Madoff leaving courtThe Ludwig von Mises Institute’s Jeffrey Tucker recently published a column entitled "Free Bernie Madoff," in which he makes the case for freeing the $67 billion swindler.

Golden Gate artworkCalifornia, the "Golden State," is not golden anymore. It has the biggest debt, the biggest budget deficit, the lowest bond rating, and (arguably) the highest taxes of any state in the union.

Schwarzenegger at budget news conferenceBack in February, California politicians and taxpayers received a wake-up call, but, apparently, the alarm wasn't loud enough to wake them.

credit cardThe Obama administration on June 30 unveiled its latest attempt to put an end to the free market in financial services in the United States.

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