Money & Economics

What’s In a Recovery?

by Dr. Shawn Ritenour August 9, 2012

Thomson Reuters’ latest survey of Wall Street analysts’ expectations about next quarter’s corporate earnings has prompted some to wonder whether the canary in the coal mine is beginning to feel lightheaded. According to the Wall Street Journal, those in the…

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Moral Capitalism: Defending the Free Market

by Fr. Robert Sirico July 18, 2012

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How I Learned To Love (Some) Financial Advisers

by Joe Fulwiler July 16, 2012

In the Yale economics department, they teach that all financial advisers are crooks.  If I am overstating that point, it is not by much. My finance class on Portfolio Theory was taught by David Swensen, who is famous for investing…

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Why Most Actors Should Just Act

by Larry Elder July 12, 2012

Richard Kind is a funny, talented actor. I had the pleasure of working with him when I did a cameo on the show “Spin City,” where Kind co-starred. He was thoughtful and helpful on set, even though I was a…

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The Euro Is a Frankenstein Currency

by Mark W. Hendrickson July 3, 2012

What do Dr. Victor Frankenstein and the architects of the euro currency have in common? Answer: They both created monsters.
The euro is not “money” any more than the monster created by Dr. Frankenstein was a man. Whatever resemblances there…

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A Step in the Right Direction for U.S. Banks

by Dr. Tracy C. Miller June 18, 2012

JPMorgan Chase, one of the nation’s largest banks, announced that it lost over $2 billion in trading over the last few months. This has emboldened supporters of the Volcker rule, which prohibits banks that enjoy government support from making risky…

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23 Things They Don’t Tell You About Capitalism

by David J. Peterson June 8, 2012

In 2008 Queen Elizabeth visited the London School of Economics. After a presentation on the financial crisis she asked, “Why did no one see it coming?” Good question. A meteorologist who missed a one-in-a-hundred-years blizzard or a category five hurricane…

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Will Europe’s Instability Cripple the U.S. Recovery?

by Alfred A. Lagan May 21, 2012

Economic conditions in the euro zone continue to deteriorate. At least six of the seventeen nations that use the euro are now in recession. Nor is the prognosis very encouraging. Unemployment is increasing throughout the euro zone. The six that…

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Britain, “Austerity,” and the Lessons of Economic History

by Kyle Latham May 18, 2012

Economists and pundits alike are going wild over the United Kingdom’s recent “double dip” recession. The 2008-09 recession prompted the election of a conservative coalition led by Prime Minister David Cameron. Cameron decided the best path for economic recovery was…

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Capitalist=Seriously, Nobody Likes You

by Emily Zanotti May 17, 2012

Capitalism has received an astonishingly bad rap this week. Let’s review the facts.
First, the Washington Examiner uncovered a prepared presentation to the House Democratic caucus and staff that details their new rhetorical strategy: If you argue for free-market solutions,…

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