The economic indicators all show the economy is booming. Unemployment is at record lows. The stock market is seeing record highs. Wages are up, and taxes are down. Stifling regulations are being lifted. Everything seems to be working just fine. There is much truth in this perception of a boom. Part of … Read more
A good definition of a liberal might be someone who tries to ignore the actual nature of reality. Thus, many politically correct formulations distort reality even to the point of denying the differences between the sexes. Ignoring the nature of reality can get particularly dangerous when applied to economics. The nature of … Read more
It is official; the national debt has now exceeded $21 trillion. The tragic news comes just six months after it hit $20 trillion last September 8. This problem is obviously not going away. By voting to suspend the debt ceiling, Congress has allowed the government to borrow as much as it needs until … Read more