Wrong Medicine for a Sick Economy
The top 1 percent of US income earners pay 38 percent of all federal income taxes, and the top 10 percent pay 70 percent.
The top 1 percent of US income earners pay 38 percent of all federal income taxes, and the top 10 percent pay 70 percent.
While "cash for clunkers" accelerated consumption in the month of August, it left a gap in demand following the program's demise.
The Chinese economic miracle is nothing but a redder version of Keynesianism.
If pushing down the short-term interest rate doesn't seem to be fixing the economy, let's push down long-term rates and see what happens. Shucks, we might as well try! It would be a shame to not use this shiny printing press.
All these laws imply that industry is made up mainly of incompetents and crooks.
Every day, before waking, I use a number of items my hands could not create in a thousand lifetimes.
Bernanke's policy gun is out of bullets. His policies have brought low growth, high unemployment, and a 7.2 percent increase in producer prices over the last 12 months. Attempts at stabilization have instead wrought chaos.