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Bernanke Agonistes President Obama pulled out all of the stops to clinch Senate approval of his nomination of Ben S. Bernanke to a second four-year time period as chairman of the Federal Reserve. Now that the president appears to have…
Paulson and the Worry Issue WASHINGTON—There’s a second in former Treasury Secretary Henry Paulson’s memoirs when—throughout a Capitol Hill dialogue over a monetary rescue plan—he succumbs to emphasize and suffers an assault of dry heaves in entrance of a U.S.…
No Restoration Till America Invests Once more Whereas most Individuals are conversant in the broad ups and downs of the financial system and the job market—the stuff of day by day headlines—the deeper story of the persevering with recession will…
Fabulous Fab WASHINGTON—The world has been craving to place a reputation and a face to the monetary quackery. We’d like a flesh-and-blood criminal. The financial institution CEOs—grey, previous, predictable—weren’t sufficient. Bernie Madoff was an abhorrent byproduct, not a core participant.…
Mr. Obama and the Bankers: “Doin’ What Comes Natur’lly” Talking to a really receptive Elyria, Ohio, crowd just a few months in the past, President Obama took off the gloves and promised that he was able to combat to offer…
Crony Capitalism Is NOT Capitalism It’s all the present vogue to dump on “capitalism.” It was the grasping free market, supposedly, that created each the housing bubble and the housing bust and led, inevitably, to the “nice recession.” Capitalism, in…
The Restoration Begins With Sound Cash The willingness to work for the sake of future prosperity is a common human high quality, however folks should consider there’s a hyperlink between effort and reward. The euro is beset with fiscal calamities…
Why Less Government Spending Would Mean Less Economic Trouble Many economists say deficit spending is crucial to keeping the economy moving. But history tells a different story. ————— Though our current economic troubles are complex, many mainstream economists have endorsed…
Why ‘Stimulus’ Doesn’t Stimulate President Obama has requested Congress for a further $50 billion in “stimulus” cash to finance infrastructure tasks. The speculation is that the extra spending will trigger companies to spice up manufacturing to satisfy this demand. Producers…
Stealth Protectionism WASHINGTON—We’ve heard each main world chief reject the notion that protectionism can be an applicable response to the monetary and financial debacle of 2007–08. And but the indicators are unmistakable: We’re coming into a protectionist period that doesn’t…
