Wall Street and Jesse Jackson
Why are some of the top names in the securities industry cooperating with an obvious shakedown racket? Gregory Bresiger explains what's behind the Wall Street Project.
Financial Markets
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Needed: Spending Cuts
Tax cuts are great, but there is a missing element in Bush's budget: any attempt to cut outlays. New spending must be paid for somehow, someday, writes Frank Shostak.
Personal Savings Collapse
A former Fed chairman explains how the stock-market bubble has changed American values for the worse. Gregory Bresiger reports.
Is Your Mutual Fund Safe?
If millions of mutual investors should stampede out of their holdings, would they cause a "mutual fund death spiral"? Under the Investment Company Act, the SEC is authorized to suspend the redemption obligation.
Greenspan’s Empty Talk
He has succeeded in misleading almost everyone into accepting a bizarre and idiosyncratic view of the business cycle, writes Joseph Salerno.
The Secret Stock Tax
Section 31 (a), a remnant of the New Deal that hits every stock trade, rakes in billions of play money for the government. Yet they call it a fee, not a tax.
In Defense of Marc Rich
What was his crime? To bring consumers oil, he violated laws that should not exist in the first place. Clinton was right to pardon him.
Bulls and Bears
Real "credit crunch" is threatening on the horizon, writes Hans Sennholz, and it could gravely encumber the American economy.
Spilled Milk
Cheer up. A drop in stock prices doesn't destroy wealth, say Robert Murphy and Gene Callahan. It only reveals a change in the marketability of one line of production against another.
Fall of the Dot Coms
The slip in stock prices has unleashed hysterical calls for massive goverment intervention. William Anderson suggests a better solution: laissez-faire.
