The economic news is enough to drive any sane person crazy. Between deteriorating personal finances, a dismal financial outlook, feckless politicians, and equivocating economists, there are plenty reasons to let fear, worry, and anger creep into our minds. Staying abreast of the financial news is not conducive to calm and...
read moreThe economy continues its terrible tumble into the abyss. Yesterday, stocks fell by approximately 3% because of less than stellar, or if you will, worse than expected, economic news. Retail sales fell 2.7% from November to December. This decrease is double what economists initially predicted. In addition, every economic...
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Unfortunately, we have become accustomed to American economic, cultural, and military dominance. We have accepted these predetermined outcomes without giving much thought as to how we would continue our reign at the top of the global heap. Now, we are at the brink of financial disaster. We have a young, vibrant, technology...
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The key to understanding the proposed benefits and limitations of the proposed stimulus plan lies in grasping the basic tenets of Keynesian economics. Keynes’s theories began to fade in popularity towards the end of the seventies. For nearly thirty years, businesses and investors lobbied for market deregulation; and...
read moreMy favorite economist thinks President-Elect Obama’s proposed economic stimulus plan is insufficient. Paul Krugman writes in today’s New York Times, “The economic plan he’s offering isn’t as strong as his language about the economic threat. In fact, it falls well short of what’s...
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Well, it was inevitable folks. Critics from across the ideological spectrum are rearing their heads in order to voice their opposition to the proposed stimulus plan. Despite his inauguration still being two weeks away, Obama and his advisers are working with Congress to have the plan ready to sign the day after he is sworn...
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