The Federal Reserve announced this week new measures it will take to stimulate the economy and get the unemployment rate down to 6.5 percent. Chairman Ben Bernanke will replace its Operation Twist stimulus program with $45 billion in monthly purchases of Treasuries. This will also be on top of the $40 billion in monthly mortgage-backed […]
Archives for December 2012
11 reasons why Austrian Economics is superior to Keynesianism
Since the collapse of the United States economy in 2007 and 2008, there has been a growing interest in the world of economics. There have been two instrumental economic schools of thought that have become more ubiquitous as the years have gone by, but only one of these is practiced in government and taught in […]
Will the ‘regulatory cliff’ cause another economic collapse in the U.S.?
It seems the entire talk is over the fiscal cliff, but some Republicans in Washington and several business groups are discussing the upcoming “regulatory cliff” that many say could be just as damaging to the United States economy. This new report from the Associated Press notes that the White House and federal agencies have put […]
U.S. government posts historic November budget deficit of $172 billion
The United States government spent $334 billion in the month of November, while only receiving $162 billion in revenue, according to the Treasury Department’s monthly statement. In total, the federal government ran a $172 billion budget deficit and increased the shortfall for the first two months of the fiscal year to $292 billion. This is […]
Are politicians ignorant of freedom, liberty and free markets?
Earlier this year, I happened to interview Jan Helfeld, a journalist who uses the Socratic method when he interviews United States politicians and media personalities. Each interview that he has done has been both entertaining and thought-provoking because he usually frustrates the interviewee due to the fact that they have just contradict their own answer. […]