Are you worried about the government running deficits in the hundreds of billions of dollars and a debt in the TRILLIONS? If so, then you should be really angry at people calling for the Federal Reserve Board to raise interest rates. If the rate hikers get their way, they will add trillions of dollars to the debt burden borne by our children and grandchildren. Okay, I’ll stop with the deficit hawk garbage, but there is a simple point here. If the Fed slows the economy and keeps people from getting jobs, we will face larger budget deficits.
Continue reading The Inflation Fighters Want to Increase the Debt Burden on Our Children
Was UK economy as sick as we thought?
Continue reading So how sick was the UK?
Vatican City — When Cardinal George Pell, the Holy See’s new Prefect of the Secretariat for the Economy, addressed the Vatican press corpson Wednesday to lay out the new economic framework for the universal Catholic Church and introduce the Vatican Bank’s new president, he made what could easily be interpreted as a Freudian Slip. “We are working towards transcendence,” the cardinal said to the packed press room before quickly correcting his mistake. “I mean we’re working towards transparency.”
Continue reading Vatican Bank: No More Secret Accounts
The story of Crumbs—beloved business grows until competition gets hungry and consumers get full—is the story of the American economy.
Continue reading The Cupcake Boom Was Always Doomed
His spectacular 2012 flameout behind him, the humbled Texas governor is approaching 2016 with messages on the economy and immigration that closely align with the GOP base.
Continue reading Rick Perry May Be Ready This Time