Controversies
While you were dreaming of a big box wrapped with a bow on top sitting under a heavily adorned tree, the New Strategic Arms Reduction Treaty (New START) — which was signed between Obama and Russian President Dimitry Medvedev earlier this year — was ratified by the Senate. Now it’s official, we will reduce our [...]
What is economics? It’s such a simple yet complicated and multi-faceted question. In order to know what economics is, you must know what an economy is. Thomas Sowell in his book Basic Economics explains, “Perhaps most of us think of an economy as a system for the production and distribution of the goods and services [...]
In June and July “economists” and the Fed told everyone to watch out because of a “deflation risk.” Then suddenly, before you could say “Ben Bernanke” everyone is worried about the Fed and their warning of coming inflation. “[I]nflation surely remains a more serious danger than deflation.” Said George Melloan with the Wall Street Journal. [...]
