Part one of a two-part series. Many Americans, especially progressives, believe that the income gap between the haves and the have nots is too large. Progressives see income inequality as…
Capitalism vs. Socialism
This Independence Day, it’s worth reflecting on the juxtaposition between Hong Kong and China. Hong Kong has embraced capitalism perhaps more than any other country in the world. So an…
Fed Report Shows Income Inequality Increasing
The Federal Reserve Board, which has done more than anyone in history to increase income inequality, has just issued a new report on income inequality. That the inequality gap is…
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…
Fed, Not Capitalism, Responsible for Income Inequality
“Income inequality in the United States has been growing for decades, but the trend appears to have accelerated during the Obama administration.” …