Category: Economics

In reading about the bank, mortgage, auto, and employment crises in the media, I notice a common theme appearing over and over, specifically that everyone must share the guilt. …

Nothing has value in a transaction unless all participating parties agree it has value. This is the first law of money, and the reason why bailouts in general are …

At UPI, Martin Walker asks, Could U.S. go bankrupt? Is the Fed running out of firepower? Or, to rephrase the question, is it possible that the central bank of …

New York State is suffering in the wake of the recent financial meltdown. Really suffering. But fortunately for the residents of New York, their state government puts fairness first. …

True "bottom-up" economics -- "investing in local entrepreneurs, rather than funneling aid to their governments, may be the best hope for the world's developing economies." Quadir is obviously describing …

I am slowly becoming a fan of Representative Scott Garrett (R-NJ), who represents New Jersey's 5th Congressional district. I have seen him recently on various news and talk shows …

Rather than being an essay, this post is really more of a "bleg." Economics seems to spawn some colorful political sobriquets -- "voo-doo economics," "trickle-down economics," "Clintonomics," etc. The …

We all know that we are in the midst of a severe economic downturn. Yet no one in the mainstream press is accusing President-elect Obama of exploiting the weak …

It's official. We're in a recession. The labor department announced 533,000 job losses in November alone, with the unemployment level at a 14 year high. It ain't good. While …

As I sit and listen to the latest fevered announcements on the news or the Internet about the latest economic happenings, I think back to the advice on money …