Except for recent contributions, all of the money that you’ve contributed to the Social Security system throughout your lifetime has already been spent. That’s because Social Security is a pay-as-you-go…
Rates Rising, Yet Bond Buying Sets Record
Rising interest rates, higher inflation and tighter monetary policy should be bad news for bonds. Yet investors have been buying record volumes of new bonds. Highly rated U.S. companies issued…
Obama Sets Economic Record–For Failure
So did President Obama save us from the financial crisis and rebuild America’s economic strength? Most media would have us believe that’s the case. As we previously noted, CNBC’s John…
Fear Politicians, Not Clowns
Clowns have been on a rampage this year, with creepy clowns—sometimes armed—threatening victims not only throughout the U.S., but in other countries. According to a poll conducted by Chapman University,…
In Defense of Capitalism
“The problem is we don’t have enough free markets.” …
Wages Will Increase When Productivity Does
There are three things we can say about income with a degree of certainty: You’re earning less than you did before the financial crisis. You are overdue for a raise.…
Making America Great Again
It’s clear that in spite of boisterous bad behavior, a lack of workable policies and a few very bad ideas, Donald Trump is the odds-on favorite to become the Republican…
Eroding Economic Freedom Means Slower Economic Growth
Being “the land of the free” apparently doesn’t apply to the American economy anymore. Being a capitalist society with free markets, complemented by the Bill of Rights and the U.S.…
Today’s Economic News: Woe Is Me
The summer weather and the media’s focus on positive economic news may have you feeling cheerier than usual these days. Two words: “Bah, humbug.” Or maybe, “Get real.” Focus, for…
What Yellen Should Have Said
The question reporters should be asking now is, what did the Federal Reserve Board’s Open Market Committee do for two days last week? The statement it issued based on its…