economy

The Real Tax Rate Scandal

by Dr. Mark W. Hendrickson January 30, 2012

When Republican presidential candidate Mitt Romney casually estimated that his effective tax rate is around 15 percent, progressives immediately pounced on the issue. To this ideological minority with its Ahab-like obsession on class warfare, a rich American paying an effective…

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A Ribbon-Cutting for the Year of the Entrepreneur

by Craig Columbus January 18, 2012

This is the time of year when 2012 prediction lists abound. I am struck by how many lists have included some reference to a surge in American entrepreneurship during the next year. Entrepreneurs are clearly being counted upon to act…

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A Fuelish Solution

by Gary J. Isbell January 16, 2012

It seems all the talk about peak energy production is a bit premature, as the argument of abruptly declining fossil fuels is fizzling.
Recent discoveries of vast oil reserves in North America have exceed 1.7 trillion barrels, 1.4 trillion in…

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An Explosive Cocktail to Toast the New Year’s Upheaval

by Martin Shaw January 12, 2012

Two major developments in 2011 are of fundamental importance for the future of the world. First, the Arab upheavals have demonstrated that people power will have immense importance worldwide in the coming decade. The evident fear of contagion on the…

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One Percent or 33: America’s Real Inequality Problem

by David Paul Deavel January 9, 2012

The American economy remains sluggish and, from all over the political spectrum, particularly the left, people have turned their attention to inequality. The Occupy Wall Street movement, though without actual plans for reform, emphasizes the growing inequality between the top…

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Food Fights and Free Enterprise

by Jordan J. Ballor January 3, 2012

It is sometimes said, following Milton Friedman’s insight, that business is not a friend to the free market, and the truth of this is no more evident than in recent battles between established restaurateurs and operators of mobile eateries. Once…

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Farewell, Fragile Economy — Hello, 2012

by Alfred A. Lagan December 29, 2011

Few will mourn the passing of 2011 into the financial history books. From an apparent economic recovery at year end 2010 and high optimism in the financial markets, a succession of natural disasters, economic disappointments, and government failures led to…

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Republicans’ Bold Proposals — Or Desperate Campaigning?

by Dr. Mark W. Hendrickson December 29, 2011

Whoever takes the oath of office as President of the United States in January of 2013 will inherit an economy facing multiple challenges:
Undoubtedly, still-escalating federal spending will have the government bumping up against the debt ceiling again. By then,…

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The Lord Is My Banker, But I Still Want…

by Ed Cyzewski December 27, 2011

I’d like to think I’m an expert at the “Low Checking Account Balance Prayer.” I also call it the “Money Prayer.” We’ve moved and changed jobs enough that I should be able to proclaim a few prayers to settle things…

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Turning the Tables on US Oil Dependence

by Alfred A. Lagan December 26, 2011

It was not so long ago that America’s energy dependence was widely believed to be the most serious threat to our economy and our national security. According to the Department of Energy, in 2004 the U.S. was importing 55 percent…

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