The Federal Reserve Board’s quantitative easing program was an unprecedented monetary experiment that dumped trillions of dollars of new money into the economy. Historically, adding that much money to the…
More Government, Less Manufacturing
As the first country to mass produce everything from automobiles to computers, America has a well-deserved reputation for innovation, thanks to its manufacturing sector. U.S. government employees, conversely, are most…
The Economic Recovery That No One Noticed
The average recovery since the end of World War II has been 58 months. The current “recovery” has just reached that milestone. So maybe we should be celebrating. But what’s…
Key Indicators Negative Across The Board
The worst things get, the more they stay the same. As the stock market continues to set records, the latest Philadelphia Fed Business Outlook Survey shows that the business outlook…