U.S. Economy

The U.S. trade deficit is an American problem, writes Antony Mueller. It is the result of insufficient savings at home and a widening budget deficit. 

Thomas Woods writes on the famous Fr. Charles Coughlin, whose writing on money is wrongly admired by some even today.

Greenspan says it is a puzzle why long-term rates remain low while short-term rates have risen. But Frank Shostak says that this is not a puzzle at all. 

The Bush plan claims to increase capital accumulation because of its superficial emphasis on investment, writes Robert Murphy. But it is a total shell game.

The fallout from the French vote of “no” on the EU constitution includes a sign that Tony Blair may scrap plans to hold a similar refer

How is Social Security different in kind from any other government program? Charles Rounds argues that it is not different at all.

Chris Westley explains that the only thing new about New Deal policies was their name and the people administering them.

Murray Rothbard, in this classic essay originally published in 1991, offers the most "pure" proposal of all: private mintage, 100 percent reserve banking, circulating coins, full convertibility.

Opponents of employment-at-will speak of defending an employee's "individual freedom." Arthur Foulkes argues that this isn't freedom at all.

We went from tariffs being the major source of federal government revenue to what we have today under the income tax and payroll taxes.