President Barack Obama takes his show on the road yesterday for what the White House says is a "major speech" on the financial crisis. And where better to deliver such a speech on the one-year anniversary of Lehman Brothers' collapse than Wall ...
All the talk about aggressive government intervention saving the U.S. economy from Depression 2.0 made me forget about the remnants of government intervention from Depression 1.0. It all came rushing back when I read an article on how ...
Health care is different. It's ill- suited to market mechanisms because it deals with matters of life and death. I've heard this so often from so many quarters that I was starting to believe it. Then I asked myself, why? The market does a fine ...
Bill Clinton was in the White House in 1998 when the federal budget went into surplus for the first time in four decades. The budget stayed in the black for the next three years until the Iraq war and the 'limited-government' Republicans blew a gaping ...
Somewhere in the West Wing, Larry Summers is smiling. The Obama administration economist, whose name is never invoked without "brilliant" attached to it, has been touted as a likely successor to Federal Reserve Chairman Ben Bernanke. Bernanke's ...
In the government's rush to stabilize the financial system, get the U.S. economy moving again, craft bailouts for institutions and entire sectors of the economy, and re-craft bailouts that aren't doing the trick, the voices of limited government ...
President-elect Barack Obama is still four weeks away from inauguration, and already the size of government is growing. His initial goal of creating 2.5 million new jobs has been upped to 3 million, rising in lockstep with a proposed economic ...
A man is judged by the company he keeps, and no more so than when he's the newly elected president of the United States. America is waiting with bated breath for Barack Obama to announce his nominations for key cabinet posts. His choices will ...
Three months ago, the world was running out of oil. Seriously. I kid you not. Everywhere you turned, you heard whispers that the day of petroleum reckoning was at hand. Now there's too much oil, prodding OPEC to cut production targets for the ...
If Treasury Secretary Hank Paulson thought he could cram a US$700 billion plan to buy financial institutions' toxic mortgage-backed waste through Congress with no questions asked, he got a rude awakening last week. Why was it so hard for Paulson to ...
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