Keynesian economics

President Barack Obama has been using the September jobs report as an example of his success and proof that the economy is moving in the right direction.  He has been bragging, claiming that, “more Americans are entering the work force, and more people are getting jobs.”  The September unemployment rate fell to the lowest level in [...]

The nonpartisan Congressional Budget Office released a sprawling economic report, and it underscored how dire our looming economic forecast looks. If we can somehow avoid falling off the fiscal cliff and deflect Taxmageddon, thereby averting a wave of scheduled tax hikes as the “Bush Tax Rates” expire, we can hopefully stay stagnated as we are [...]

It’s an important week with Congressman Ron Paul’s Audit the Fed bill, H.R. 459, being voted on this Tuesday, July 24, in the U.S. House of Representatives.  This is an exciting move because the bill is being introduced under a “suspension of the rules.”  What this means is supporters must have a two-thirds majority to allow passage.  The [...]

Nobel Prize recipient in economics, Paul Krugman, embraces the idea that more money printing can save the world stating, “Higher expected inflation would aid an economy.”  Barack Obama embraced this philosophy with his 2008 Keynesian  800 billion dollar stimulus package.  The hope was to sacrifice inflation and government debt for the promise of 4 million jobs.  [...]