The Left’s premier economists, such as Paul Krugman, John Cochrane, Robert Stiglitz and Gary Becker blamed the “Great Recession” on the failures of capitalism and championed massive “government investment” as the right medicine to revive U.S. growth. But after $6.2 trillion of deficit-spending and the economy suffering the worst recovery in US history, these academic geniuses are [...]
READ MORE »The Federal Reserve today voted in favor of capitalism by refusing to engage in a new round of “Quantitative Easing”; better known as trying to inflate the economy by printing paper money. This weekend, former Chairman Paul Volker wrote an Op Ed in the New York Times titled a “Little Inflation Can Be a Dangerous [...]
READ MORE »Michael Spence, Nobel Laureate and former Dean of the Stanford Business School, has just published a rigorous economic analysis called: “The Evolving Structure of the American Economy and the Employment Challenge.” The report illuminates how the unbridled growth of government consumption spending has destroyed America’s productivity leadership, driven entrepreneurs to off-shore production, and destroyed middle [...]
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