Thanks, Bush and Obama: 1 in 7 Americans Were on Food Stamps in 2015
Food stamps were near and all-time high in 2015. They remain high thanks to a weak economy and a large expansion of the program during the Bush and Obama years.
U.S. Economy
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Which States Rely Most on Federal Spending?
About half of the states pay for government spending in the other half.
A Conversation with my Neighbor “Sam”
My neighbor Sam is deeply in debt. But, he tells me that he owes all that money "to himself," so he thinks it's not a problem. I think he's in deeper trouble than he thinks.
The Long History of Government Meddling in the American Marketplace
American history is a story of non-stop efforts by governments to intervene in the marketplace through regulations, monopolies, and subsidies. Most surprisingly, these market interventions appear to place a central role in causing economic crises over the years.
The Greatest Entitlement
The 20th century was the progressive century, marked by the rise of war and socialism as entrenched features of American life. But perhaps the most lasting effects will be felt in the entitlement mindset woven into the American psyche via decades of successful incrementalism.
Negative Rates, Negative Outcomes
Why, with interest rates historically low, are businesses not investing in the much predicted boom? Could it be business owners know more than the central bankers?
Cesar Chavez Would Have Liked Trump’s Border Wall
Cesar Chavez wanted immigration controls to hep him prop up union-labor wages.
Negative Interest Rates (and Fear) Mean We’ll Save More, not Less
NIRP will fail miserably, in part because they signal that the central banks are out of options and the economic system is in terminal decline.
Will Donald Trump Reform the Fed?
CNN asks today: "What would a president Trump mean for the Fed?"
