Economics & Political Systems

Barack “Clinton” Obama?

“Obama Announces ‘Framework’ for Deal With Congress to Extend Bush-Era Tax Cuts.” That was the lead headline at this morning’s FoxNews website. It’s an eye-grabber, for sure. The article explained that the “framework” outlined on Monday evening by President Obama … Continue reading

The Lessons of Japan

Since Fed chairman Ben Bernanke announced his plan for the Federal Reserve to inflate (I’m sorry, “quantitatively ease”) commercial bank reserves by $600 billion, he has come under surprising, but understandable, criticism. So much so that he has felt compelled … Continue reading

Fed Up With the Fed

What happens to a car company that makes crummy cars, a restaurant that serves lousy food, or an insurance company that poorly serves its policyholders? Unless they mend their ways, they lose customers and eventually go out of business. That’s … Continue reading

A Thanksgiving Lesson

Every fall in my Econ 101 course, during the last class period before we part for Thanksgiving, I share a lesson from early American history. It is particularly timely, because it deals with those we credit with the first American … Continue reading

What’s Next? Buckle Up

Guest Commentary The Republican Party, with the help of the Tea Party, swept the House of Representatives with a massive pickup of at least 60 seats. The Federal Reserve made another historic announcement with its $600-billion “Quantitative Easing” program (QE2). … Continue reading

The Great Corrective

On November 4, 2008, something incredible happened, something that will never again allow me to predict or trust the American electorate, regardless of the great corrective that happened this Tuesday, November 2, 2010. For one, the American voter decisively elected … Continue reading

Controlling the Fed

Written by the administrative director of The Center for Vision & Values for WORLD Magazine. Read the article.

How the Progressives Will Win

Karl Marx once commented that voters’ choices in a democracy constituted little more than deciding which bourgeois party would oppress them the most. The old misanthrope’s views on such matters are usually worth ignoring, but he had a point with … Continue reading

Breakdown

You’ve probably seen the headlines about major banks suspending foreclosure proceedings to reclaim houses from borrowers who have defaulted on their mortgages. This has the potential to be hugely disruptive—a milestone development comparable to the failure of Lehman Brothers in … Continue reading

“I Want Your Money”

Today, October 15, the dynamite documentary, “I Want Your Money,” opens at theaters nationwide. The release of this film so close to the midterm elections on November 2 is no coincidence. “IWYM” is a cry of the heart from its … Continue reading