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For almost 200 years, America has enjoyed global leadership in science, commerce, and government. As a consequence, the United States has become one of history’s greatest economic powers, dominating the 19th and 20th centuries. The ability of Americans to “think outside…
The circus is coming back to town, seemingly an annual occurrence following the 2010 Congressional elections. Republicans gained control of the House of Representatives with the most House seats since 1938 (242 Republicans, 193 Democrats), while Democrats retained control of…
Most of us expect to work until we retire and then live peacefully and contentedly on a pension and our savings. What we don’t expect is to become disabled. However, according to the U.S. Social Security Administration, it’s not uncommon to…
The term “big government” stimulates plenty of images and emotions, and they’re generally negative. Words like “bureaucratic,” “inefficient,” “intrusive,” and even “corrupt” are often associated with the term. Economists charge that big government interferes with the mechanisms of free enterprise….
The fiscal cliff is getting closer, and unless action is taken, the terms of the Budget Control Act of 2011 will go into effect at midnight on December 31, 2012. Congress’s inability to resolve the last budget crisis in August…
As we wrestle with the economic problems facing the country, it is important to understand the reality of budget surpluses and deficits, their relationship to national debt, and how the level of national debt affects average Americans and the economy…
As the country prepares for the presidential election, there is one talking point President Obama’s team may use often. During his term, the stock market has regained the losses endured at the end of Bush’s term. It is a good…
“Golden parachutes” get a lot of press, and they always sound like elite packages for high-level executives. Very few people get them, and very few people know how they work. Companies usually reserve them for executives at the top of…
Most economists talk about where the economy is headed – it’s what they do. But in case you haven’t noticed, many of their predictions are wrong. For example, Ben Bernanke (head of the Federal Reserve) made a prediction in 2007…
The past 3 years have been rife with changes – economically, financially, and socially. We’ve seen a lot of cultural and financial icons go very quickly from hero to villain. Many pop stars and sports heroes of the past decade…
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