
Everyone knows that Pope Francis is capitalism’s number one critic, and he has been waiting for his U.S. visit to scold Americans on the economy, right? Not so fast. The fact is, that Francis has never been an enemy of capitalism and actually believes the free market is a good thing, as long as it has “limits.”
by Thomas D. Williams, Ph.D.22 Sep 2015, 7:50 PM PST0

The White House criticized the Republican effort to defund Planned Parenthood as bad for the economy, pointing to the potential shutdown of the abortion corporation’s clinics.
by Charlie Spiering22 Sep 2015, 12:23 PM PST0

ANAHEIM, California — Former Arkansas Governor and Republican presidential candidate Mike Huckabee expanded upon his platform’s emphasis on building America’s economy and strengthening its military, during Friday’s annual California GOP Convention.
by Adelle Nazarian18 Sep 2015, 4:23 PM PST0

During a roundtable discussion with business leaders, President Obama pushed back against the notion that somehow America was losing to China and Russia.
by Charlie Spiering16 Sep 2015, 9:59 AM PST0

Obama criticized presidential candidates for not offering solutions to economic problems, choosing instead to blame his presidency. Obama appeared to address political candidates of both parties, as he did not specifically single out Republicans. “I’m here to say that there is nothing particularly patriotic or American about talking down America,” he said, citing the United States economy as a source of economic strength in the world.
by Charlie Spiering16 Sep 2015, 9:30 AM PST0

A Supreme Court decision allowing employers to fire workers with only three months’ notice has led to a boom in the witch doctor industry as the nation’s unemployed turn to any means possible to help land themselves a new job.
by Frances Martel11 Sep 2015, 10:54 AM PST0

We all know what the standard liberal snake-oil response to stagnant wages is: job-killing minimum wage hikes, which also tend to be a big part of the reason income increases grow scarce in the workplace, producing the understandably frustrating wage stagnation people complained about to the NELP researchers and the New York Times. Nothing kills upward mobility for lower-income workers deader than high minimum wages and mandated labor costs like ObamaCare.
by John Hayward3 Sep 2015, 8:10 AM PST0

In fact, one of the worst things about politicized economics is the false promise that politicians know what the ideal economy looks like, never mind having solid plans for getting there. Is the ideal economy one in which everyone’s basic needs are covered? Welcome to the endless grey fog of the collectivist welfare or communist state, which always proves unsustainable and fails to deliver on those promises anyway.
by John Hayward2 Sep 2015, 11:34 AM PST0

The Obama economy is facing thousands of looming layoffs, according to multiple media reports. For example, the Associated Press reports ConocoPhillips is expected to layoff roughly 1,810 employees — 10 percent of its workforce — due to a decrease in oil prices, which are nearing all time lows.
by Alex Swoyer1 Sep 2015, 1:42 PM PST0

France has been intimidated by Germany into pursuing an economic policy that isn’t working, Nobel prize-winning economist Joseph Stiglitz told AFP in an interview on Monday. “There is a kind of intimidation,” Stiglitz, an outspoken opponent of austerity policy, said
by AFP1 Sep 2015, 8:07 AM PST0

A poll from the Public Opinion Foundation found Russian President Vladimir Putin’s approval rating is slightly down, but still “extremely high” despite a failing Russian economy.
by Mary Chastain28 Aug 2015, 11:09 AM PST0

As China’s stock market meltdown continues to worry the world’s financial markets, media outlets everywhere are rife with the story. Everywhere, that is, but China itself, where the communist government there has placed a blackout on the financial story.
by Warner Todd Huston27 Aug 2015, 2:56 PM PST0

While campaigning in South Carolina, GOP presidential candidate Wisconsin Gov. Scott Walker released a statement calling for the Chinese President’s state visit to the United States to be canceled.
by Alex Swoyer24 Aug 2015, 1:33 PM PST0

As White House spokesperson Josh Earnest is blaming China and Chinese policies for the on-going market crash and selloff, GOP presidential candidate former Arkansas Gov. Mike Huckabee says strong economic policies aren’t built by empowering Washington, D.C. and Wall Street elites.
by Alex Swoyer24 Aug 2015, 10:31 AM PST0

As Greeks prepare for the beginning of the school year in September, there are serious concerns among Ministry of Education officials that as many as 27,000 teacher and university professor positions will remain unfilled. Officials are scrambling to recruit substitute teachers with fewer certifications to fill classrooms.
by Frances Martel12 Aug 2015, 7:09 AM PST0

Florida Senator Marco Rubio (R-FL) made the case that his background made him well-suited to take on Democratic frontrunner Hillary Clinton at the beginning of Thursday’s Fox News debate, arguing that she would be unable to play the Democrats’ usual class warfare games against him.
by Sarah Rumpf6 Aug 2015, 6:58 PM PST0

Investment in new U.S. factory plant and equipment just hit the highest level since 1958. After 100 years of economic dominance due to cheap and abundant oil, U.S. politicians turned against domestic oil production in the 1970s and the Middle East oil production took off. For the next 40 years, the budget deficit and income inequality soared as high-paying manufacturing jobs went offshore. But with fracking re-establishing America as the planet’s largest energy producer, U.S. manufacturing is back.
by Chriss W. Street2 Aug 2015, 3:14 PM PST0

Perry and Trump have been engaged in a rhetorical battle for weeks. At the end of Perry’s speech Wednesday at the Yale Club in New York City, he was questioned about Trump’s remarks. Grinning as he listened to the question, Perry quipped, “Let’s get a pull-up bar out there and see who can do more pull-ups,” as the audience roared with cheers.
by Sarah Rumpf30 Jul 2015, 10:59 AM PST0

A new study purports to show that, while Millennials are as poor as young people ever are these days, they may not be able to expect to become rich as they age as young Americans once expected.
by Warner Todd Huston30 Jul 2015, 8:10 AM PST0

The decline of the newspaper industry is continuing as analysts report that overall another 10.4 percent of newsroom jobs have been lost. Minority jobs in the industry have also fallen to a new low level.
by Warner Todd Huston28 Jul 2015, 9:01 PM PST0

The realistic response to minimum-wage increases involves some combination of making do with less labor – cutting hours, firing people – or passing the cost increase along to consumers. Rarely do we find such a clear-cut example of the latter as the hefty price increase at Chipotle restaurants in San Francisco. As the Chicago Tribune reported, the company was quite direct about raising its prices to cover the cost of local minimum-wage hikes, above and beyond the general price increase imposed on numerous markets to account for the rising cost of food supplies, particularly beef.
by John Hayward14 Jul 2015, 1:17 PM PST0

In a striking series of admissions, Pope Francis told journalists on the flight back to Rome from Paraguay that he has an aversion to the economy, which he does not understand very well, and that he has neglected the middle class.
by Thomas D. Williams, Ph.D.14 Jul 2015, 5:27 AM PST0

Macy’s Department stores is closing down its iconic downtown Pittsburgh location after selling off the building that, for over 100 years, served as the flagship store for the now defunct Kaufmann’s chain.
by Warner Todd Huston13 Jul 2015, 8:14 PM PST0

What she didn’t say: Many Americans have dropped out of the labor force during the Obama presidency, and even those still working have seen wages stagnate or their full-time jobs turn into part-time. Even Clinton’s Democratic competitor, Bernie Sanders, has recognized that the “true” unemployment rate is far higher than the figures pushed by the Obama administration, due to those who have given up looking for work.
by Sarah Rumpf13 Jul 2015, 9:53 AM PST0

GOP presidential candidate Carly Fiorina posted a video on Facebook reacting to Hillary Clinton’s speech on her economy proposals – saying Clinton’s speech was filled with “a bundle of contradictions.”
by Alex Swoyer13 Jul 2015, 9:04 AM PST0