Fed management of the economy and the business cycle has only gotten much worse as it has grown more powerful and destructive. As the Federal Reserve has become more powerful, job losses have generally more severe and the duration of the recovery process has gotten progressively longer.
Keynesian economics produces a dead end economy.
Many economists still believe that wealth can be created by simply convincing people to buy more stuff through loose monetary policy. What is really needed, though, is wealth creation, and then there is never a shortage of demand.
Shocking health care expenditure: US vs. the rest of world.
G-20 nations rubber-stamp plans to have you bail out the too-big-to-fail banks.
A good sign for the future: Fed economist attacks the Gold Standard.
In an effort to open up its economy, a leading merchant in Plymouth Colony led an effort to grant full religious liberty in the colony. But the old ruling oligarchs intervened and blocked the measure's approval.
