Overrated Central Banks Seal Our Depression Fate
The impulse to compare current events to previous events is a part of human nature. Indeed, most of our groping obsession with predicting future events is based in the past, particularly a search for. […] » Full PostSource: RealClearMarkets |
An Unemployment Crisis for Older or Younger Workers?
On Tuesday the Senate Special Committee on Aging held a hearing on how to help older workers find jobs. I was one of five witnesses at the hearing. No matter that Americans aged 55 and over are the on. […] » Full PostSource: RealClearMarkets |
States and Cities Going Private With Infrastructure Investment
States and municipalities across the U.S. continue to grapple with the lingering effects of the Great Recession. City leaders continue to struggle with depressed revenues, and 30 states are expected t. […] » Full PostSource: RealClearMarkets |
Unconventional Energy Meets Conventional Politics: Which Will Win?
I vividly recall a conversation about seven years ago with someone in the oil and gas exploration business whom I assumed was ramping up oil drilling because of the rising price of crude. But the answ. […] » Full PostSource: RealClearMarkets |
Deflation: The Most Misunderstood Word In Economics
Rarely does a week go by without some financial or economic commentator proclaiming what is impossible; specifically that we're experiencing or that we're going to experience both inflation and deflat. […] » Full PostSource: RealClearMarkets |
Big Nanny, Please Save Us From Obesogenic Environmental Forces
The time has come to retire Uncle Sam as our nation's emblem of can-do spirit. A new symbol is needed to capture our evolving psyche as a declining civilization, one that honestly represents the feder. […] » Full PostSource: RealClearMarkets |
Bad Headlines, But a Good Economy
If you had thought, as I did, that the U.S. economic expansion was getting healthier, you would have lost a bet on first quarter GDP growth. The preliminary estimate, which we got in late April, showe. […] » Full PostSource: RealClearMarkets |
The 1930s and the 2000s: Government Barriers to Growth
This speech was presented at the Jonathan Club in Los Angeles in December of last year. As all of you know, the title of my speech is "Government Barriers to Economic Growth." Importantly, it's gove. […] » Full PostSource: RealClearMarkets |
The Monetary Monster That Is Flight to Safety
The European Central Bank (ECB) undertook Longer-Term Refinancing Operations (LTRO) as means to quell the global banking crisis that had re-emerged in the latter half of 2011. The massive size and sca. […] » Full PostSource: RealClearMarkets |
A Mortgage Deal With the Wrong Incentives
This week Bank of America announced that it will contact 200,000 mortgage customers to see if they qualify for reduced principal and interest payments under a February Justice Department settlement. T. […] » Full PostSource: RealClearMarkets |
What Wisconsin Governor Scott Walker Means for the Economy
The recall election for Wisconsin Gov. Scott Walker will decide a significant battle in the war over whether the size and scope of state governments should be restrained or expanded. And this has subs. […] » Full PostSource: RealClearMarkets |
How Much Do You Owe Government Workers?
Thanks to promises made over the years by the St. Paul school board, taxpayers in the Minnesota city owe teachers and other education workers some $409 million in retirement health benefits that the d. […] » Full PostSource: RealClearMarkets |
For the Investor Class, Romney's Story Must Improve
While President Obama is out on the campaign trail talking about how bad things were four years ago, and how we have to go "forward" to his second term to see just how great things are going to be in. […] » Full PostSource: RealClearMarkets |
The Obama Health Plan Will Squeeze the Middle Class
President Obama promised that the brunt of any financial reckoning will fall mostly only on those making more than $250,000 annually. Under his healthcare plan, the economic agony starts at income lev. […] » Full PostSource: RealClearMarkets |
Money Market Reform's High Stakes
People passing through Washington, D.C.'s Union Station can't help but notice the ad campaign urging the preservation of the regulatory status quo for money market funds. The placement (the SEC adjoin. […] » Full PostSource: RealClearMarkets |
