Articles Written by:    J.D. FOSTER PH.D.     

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Transparency and Accountability at the Federal Reserve

Abstract: Increasing transparency at the Federal Reserve is critical given the breadth of the Fed's recent activities, but many of these activities involve private parties. Congress should consider that private firms will be disinclined to deal with ...

From J.D. FOSTER, PH.D., The Heritage Foundation,  20 Nov 2009
Related Topics: Federal Reserve,  U.S. Congress,  U.S. Senate,  Government Accountability Office,  Bank of America

Health Care Reform and the Threat to the Dollar

The U.S. dollar is falling steadily against the Euro and many other major currencies. If this trend continues, the repercussions for the U.S. economy would be significant: higher inflation, higher interest rates, and a lower standard of living. It ...

From J. D. FOSTER, PH.D., The Heritage Foundation,  2 Nov 2009
Related Topics: U.S. Congress,  Barack Obama,  Federal Reserve,  U.S. Senate,  U.S. Democratic Party

Tax on High-End Health Insurance Policies Takes the Low Road

The Joint Tax Committee (JTC) recently shed important new light on the proposed "Cadillac excise tax" contained in the Senate Finance Committee's health care reform bill.[1] The excise tax is a new levy on high-cost health insurance plans designed to ...

From J. D. FOSTER, PH.D., The Heritage Foundation,  29 Oct 2009
Related Topics: U.S. Congress,  U.S. Senate,  Barack Obama

Executive Summary: Understanding the Great Global Contagion and Recession

The Great Global Recession began in the United States in December 2007 and will likely continue well into 2010 in many parts of the world. The global contagion began in March 2008 with the collapse of the investment house Bear Stearns. Citizens, ...

From J. D. FOSTER, PH.D., The Heritage Foundation,  22 Oct 2009
Related Topics: Federal Reserve,  Freddie Mac,  Fannie Mae,  Organisation for Economic Co-operation and Development

Understanding the Great Global Contagion and Recession

Abstract: The Great Global Contagion and Recession was largely the result of a sustained global savings glut combined with excessive monetary accommodation by the Federal Reserve and other central banks. These two complementary and reinforcing forces ...

From J. D. FOSTER, PH.D., The Heritage Foundation,  22 Oct 2009
Related Topics: United States Department of the Treasury,  European Central Bank,  General Motors,  Ben Bernanke,  Jean-Claude Trichet

Obama Jobs Deficit a New Record, Again

Another month under President Obama, another 263,000 jobs lost. It was not supposed to be this way. Barack Obama promised America that, if elected President and given control over the nation's economic policies, he would create 3.5 million jobs, ...

From J. D. FOSTER, PH.D., The Heritage Foundation,  2 Oct 2009
Related Topics: Barack Obama,  Ronald Reagan,  Federal Reserve,  Bill Clinton,  U.S. Senate

Keynesian Fiscal Stimulus Policies Stimulate Debt--Not the Economy

The global economy is in a deep, synchronized recession, and governments around the world are moving mountains to stop job losses and wealth destruction. Monetary authorities are pumping massive liquidity into credit markets and working with finance ...

From J. D. FOSTER, PH.D., The Heritage Foundation,  27 Jul 2009
Related Topics: Barack Obama,  George W. Bush,  Congressional Budget Office,  Jared Bernstein,  Federal Reserve

Senator Kerry's Tax on Health Insurance Companies Would Hit Everyone with Insurance

Members of Congress continue to demonstrate their ingenuity, creativity, and often poor judgment in their increasingly desperate hunt for painless revenue sources to pay for health care reform. Initial projections are that health care reform will cost ...

From J. D. FOSTER, PH.D., The Heritage Foundation,  23 Jul 2009
Related Topics: John Kerry,  Max Baucus,  Edward M. Kennedy

A Third Stimulus? Don't Repeat the Same Failures

Calls for a new stimulus bill are growing almost as fast as the ranks of the unemployed. Many politicians and economists who had advocated for the huge $787 billion second stimulus bill are surprised that it has failed to help the economy. Already, ...

From J. D. FOSTER, PH.D., AND REA S. HEDERMAN, JR., The Heritage Foundation,  9 Jul 2009
Related Topics: Barack Obama,  Congressional Budget Office,  George W. Bush,  White House,  Peter Orszag

Obama Jobs Deficit Swells Again by Nearly Half a Million

Today's release of the nation's employment figures by the Department of Labor (DOL) show that the nation is still waiting for even a few of President Obama's 3.5 million jobs saved or created, or his 600,000 jobs saved or created, or even his 150,000 ...

From J. D. FOSTER, PH.D., The Heritage Foundation,  2 Jul 2009
Related Topics: Barack Obama,  U.S. Senate,  Timothy F. Geithner,  Max Baucus

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