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There’s plenty of gushing about the Janet Yellen appointment as Federal Reserve Chairman. Yale economist Robert Shiller says she’s “a real mensch.” Greg Mankiw from Harvard says President Obama made a great decision in choosing her. “Reports of Janet Yellen’s forthcoming nomination will be greeted well by market agents,” says David Kotok. “It should be.” …
2013 represents another turning point in the demise of the American Empire. If you view it in economic (rather than ethical or moral) terms, the high water mark of Empire was probably in the late 1990s. But the Internet bubble and bust marked an important turning point. It coincided with the birth of the euro, …
Friday was day four of the U.S. government shutdown. And what does a former government insider have to say about that? Plenty. In fact, while 80,000 “nonessential” federal employees continue to enjoy their paid vacation, I’m working overtime to bring you today’s issue. [Ed. Note: This article was originally published Sunday, Oct. 6.] The shutdown …
From the Tongue-in-Cheek Department of Spy Briefing Books… Washington, D.C. –– A tragedy is brewing in the United States. Within a decade, the country that has gone from the second freest in the world to the 17th. And the threat is much worse than the federal government’s current 20% shutdown. If Congress does not increase …
It was a wild ride last week in the world of the Deep Web, that section of the Internet that requires special tools to access. The feds took down the site called Silk Road and claim to have arrested its founder and administrator. The news streams were filled with lurid tales of derring-do in this …
“Dad, I’ve got to do something,” begins a panicky letter from one of the children. “When I changed my job status, I lost my health insurance. The best policy I can find is $550 a month. What should I do?” “Don’t buy the insurance,” we suggested. “It’s a waste of money.” “Just don’t get sick,” …
Want to know just how invasive the state is going to get in the United States? Well, take a look across the pond. In terms of the large, invasive state, we English are way ahead of you guys. We’re a good 50 or more years further down the road to serfdom. Nineteenth-century Britain was about …
For the life of me, I just don’t get conservatives. They profess to love free enterprise and free markets and they say they hate socialism. Okay, then why do they never call for the repeal of Medicare and Medicaid? After all, it’s not surprising that progressives (or liberals) favor Medicare, Medicaid, and Obamacare. They don’t …
“This only works if young people show up,” said Bill Clinton the other day. He was explaining Obamacare. On the surface, that’s an odd thing to say. Medicare seems to work just fine without a lot of young people. It needs taxes from young people, of course. But nobody has ever said young people need …
A tense drama unfolded this week with the virtual shutdown of vital government agencies: the Commodity Futures Trading Commission, the Consumer Financial Protection Bureau, the National Labor Relations Board, the Equal Employment Opportunity Commission, as well as many other such federal agencies. Without them, the Founding Fathers could not have imagined the republic. Even if …