Abstract: Quantitative easing is a largely experimental tool employed by the Federal Reserve to address a continuing sluggish economy and the renewed potential of deflation. That the Fed faces this prospect is final proof positive that President Barack Obama’s Keynesian stimulus policies have failed,… Read more
OPINION/ANALYSIS: President Obama spent 2009 engaged in an unprecedented first-year spending spree. Now he is apparently planning to spend his second year creating the illusion of fiscal responsibility. On the campaign trail, then-candidate Mr. Obama… Read more
David John discusses the mortgage modification program and its shortcomings on CNBC … Read more
My 6-year-old granddaughter Abby bragged recently that she could count to 20. She proceeded to demonstrate, and I praised her. Then she asked how high I can count. I told her that I don't know; I've never tried because it takes too long. Today we talk about numbers so big that we cannot comprehend them. People often… Read more
It is widely reported in the world press that the United States and Poland have agreed on terms for deploying ballistic missile interceptors in the East European country. The interceptors would work in conjunction with radars that will be deployed in the Czech Republic (the result of another agreement announced earlier this year).… Read more
The upward march of retail gasoline prices has affected U.S. households regardless of whether their members drive, take public transportation, or walk. In a modern economy, the interdependency created by supplying specialized labor and trading for all other goods and services produced by other people leaves virtually… Read more
Israel Ortega on Univision Noticiero , 3/18/08… Read more
The Fed has shocked us once again, and it’s probably right. There’s a firestorm on the horizon. It starts in Europe, but...… Read more