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Nearly four decades ago, political pundits were shocked as voters turned away President Jimmy Carter and voted in Ronald Reagan, who promised to bring fundamental change to Washington and the indwelling political establishment. At the time, unemployment was rising quickly and inflation raged in double-digits, and Reagan had promised to deal with

Nearly four decades ago, political pundits were shocked as voters turned away President Jimmy Carter and voted in Ronald Reagan, who promised to bring fundamental change to Washington and the indwelling political establishment. At the time, unemployment was rising quickly and inflation raged in double-digits, and Reagan had promised to deal with

About 40 years ago, economist Bruce Yandle went to Washington to work for the Council on Wage and Price Stability , ready to apply his knowledge of economics and educate his fellow workers. After all, he reminisces, one eye-rolling, head-scratching decision after another was coming from government regulators that surely someone versed in economics

Despite all of the rhetoric we hear from mainstream economists and our government masters, the unprecedented printing of U.S. Dollars is taking its toll : The U.S. dollar’s day of reckoning may be inching closer as its status as a safe-haven currency fades with every uptick in stocks and commodities and its potential risks – debt and inflation –

Not surprisingly, Paul Krugman is excited, and so is the Obama administration. The government, with the help of the medical industry, is going to contain health care costs. Wow! I’m shocked! Why hasn’t anyone thought of that before?!? The Great Nobel Laureate lays out the plan : In his previous job, as the director of the Congressional Budget

If one does not read enough economic illiteracy from Paul Krugman’s Monday column in the New York Times, there always is David Brook’s Tuesday column, which presents the neo-con (emphasis on “con”) view of the world. One must remember that the editorial writers at the Times actually believe that Brooks is a free-market guy. Today, Brooks

In a recent appearance before Congress, Deputy Attorney General Sally Quillian Yates declared that the US Department of Justice is going to ratchet up its prosecution of individuals employed in corporations as part of a larger push against “white collar crime.” There is no doubt that such prosecutions will be very popular to a large section of

As the political campaign of Hillary Clinton continues to run aground, Democrats are flocking to the campaign of Bernie Sanders, the self-described “socialist” US senator from Vermont, who has been a fixture in that state for more than three decades. Not unlike the presidential campaign of Ron Paul, Sanders is drawing large, enthusiastic crowds

Mainstream historians and economists tend to see the period from about 1900 to 1920 as a glorious time for the Progressive agenda. In 1913 alone, the government headed by Progressive Woodrow Wilson created the Federal Reserve System, direct election of US Senators via voters (and not state legislators), and the federal income tax. The rise of

  In a recent Labor Day speech to union workers in Illinois , Hillary Clinton declared that if she is elected president of the United States, she would make sure that “some employers go to jail for wage theft and all the other abuses they engage in.” Her incendiary comments were obvious “red meat” for the audience, but it also helped to clarify