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Obama’s Financial Reform Failure

Obama’s Financial Reform Failure

On July 2, President Obama declared, "And finally, because of this law, the American people will never again be asked to foot the bill for Wall Street's mistakes. (Applause.) There will be no more tax-funded bailouts - period. (Applause.) If a large financial institution should ever fail, this ...

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Reads: 664

Desperate to Get US Economy Moving

Quarterbacks Get Out 'Hail Mary' Economy Passes ... July's dismal jobs report poses a dangerous dilemma for the country's officials. The government has exhausted traditional measures to get the economy growing more briskly, having already cut interest rates to near zero and committed to more than ...

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Reads: 929

Walter Williams on the Tyranny of the Majority, the US Federal Budget and Free-Market Thinking

Walter Williams on the Tyranny of the Majority, the US Federal Budget and Free-Market Thinking

The Daily Bell is pleased to present an exclusive interview with Walter Williams (left).

Introduction: Dr. Walter E. Williams is the author of over 150 publications which have appeared in scholarly journals such as Economic Inquiry, American Economic Review, Georgia Law Review, Journal of Labor ...

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Reads: 1800

UK Stagflation - Now It Begins

Bank of England's Mervyn King  warns over inflation ... Bank of England Governor Mervyn King has warned that high inflation will continue to erode earnings power through next year as the economy faces the threat of 'stagflation'. Prices rises have consistently defied the Bank's expectations of a ...

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Reads: 873

Is It a Deflationary Depression?

Drip after drip of deflation data ... Today's release on manufacturing activity by the Richmond Fed is pretty ghastly, as you would expect given that the effects of fiscal stimulus are now wearing off at an accelerating pace - before the happy handover to the private sector is safely consummated - ...

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Reads: 1050

The Spreading Chinese Inflation

China has been printing a lot of money for a long time in order to keep the yuan low which befitted their export sector. As a result of their policy they accumulated massive foreign exchange reserves, and had giant trade surplus. Since China has over one billion people and since most of them where ...

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Reads: 716

The Impossibility of Modern Capitalism

Europe's dark secret ...They might not like to admit it, but Europeans don't mind a bit of capitalism ... When history comes to write the tale of the euro-zone crisis, the chief villains, if Europe's leaders have any say, will be not dissembling Greeks or dithering Germans, but the financial ...

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Reads: 696

Savings Are a Lousy Excuse for America’s Trade Deficit

Everyone who's been paying attention knows by now that Americans consume too much and save too little.   This is statistically true, but it has unfortunately become the basis of a mischievous lie about the cause of America's monstrous trade deficits.  That is, many orthodox economists have been ...

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Reads: 479

Creating Real Jobs

Creating Real Jobs

Massive, but failed, federal jobs programs overlook two key sources of real job growth. Namely, exports and innovation.

"An increase in sales from exports creates twice as many jobs as a dollar from sales in domestic demand." Technology firms "create even more jobs." And jobs in exporting "pay 9 ...

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Reads: 609

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