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.
It was a very deep depression, as deep as the one that succeeded in 1929. But in this case, the government did not intervene, and it was over in less than two years. Was this a coincidence? Grant does not think it was. He believes, as this writer does, that present government interventions have deepened our current economic malaise and are retarding a full recovery.
Japanese health officials are attempting to deal with a growing problem—a million young adults, mostly men, have locked themselves in their bedrooms and are refusing to come out. This condition, called “hikikomori” by Japanese health professionals, is deeply troubling Japanese leaders.
Since humans don’t behave the way models say we should, those economic models make a lot of bad predictions. “Virtually no economists saw the financial crisis of 2007-08 coming,” he admits (although another behavioral economist, Robert Shiller, did warn about soaring housing prices). “Worse, many thought that both the crash and its aftermath were things that simply could not happen.” The answer is to empower people through free markets.
Supporters of the world’s wealthiest terrorist group, the Islamic State (ISIS), have begun circulating images on social media, confirmed by anti-ISIS activists, of gold coins minted within ISIS strongholds, allegedly a “currency” that will be put to use in the near future.
In a “Dear Colleague” letter addressed to congressional Republicans, Alabama Sen. Jeff Sessions warns against rushing to deliver disastrous trade bills to President Obama’s desk by voting for cloture on Tuesday morning.
Venezuela is collapsing rapidly before the eyes of Latin America, with most of the region standing idly by. This exposes isolationism by countries throughout the Western Hemisphere, and exemplifies how the lack of engagement within the region is now confronted with a regional bloc that will not let it engage even if it wants to.
After a year in which the oil price plummeted and the industry adjusted to a period of global oversupply, an analyst has claimed that the world is running short of oil.
President Obama rewrote our nation’s immigration laws with just the stroke of his pen. This may turn out to be the most dangerous and disruptive action of his presidency. He disregarded the separation of powers and acted in clear defiance of Congress. In doing so, he promoted and rewarded illegal immigration, while putting our national security further at risk.
Friday on WKBK Radio’s “Good Morning with Dan Mitchell,” Gov. Rick Perry (R-TX) said the key to economic numbers released today is the participation rate of America workers which reveals a “sick” economy which is causing people to “give up hope.”
Amid the recent rioting in Baltimore, apologists for the looters have attempted to justify the rampaging for it supposedly being economic in nature. To believe the defenders of the indefensible, those bent on the destruction of an already sagging city are ripping it apart due to a lack of opportunity. Perpetually stuck in poverty, the rioters are allegedly expressing their frustration about conditions they cannot escape.
Texas Senator Ted Cruz is going right after a voting bloc that many believe his Republican colleague in the Senate and presidential opponent, Marco Rubio, has the advantage with.
John Tamney in his new book Popular Economics: What the Rolling Stones, Downtown Abbey, and LeBron James Can Teach You about Economics expels the notion that you need a Ph.D. to understand economics.
A study from the Limited Government Foundation demonstrates how the federal government’s support programs have harmed the agriculture industry’s competitiveness and made the sector more dependent on government.
The United States should absorb as many as 11 million immigrants each year, NPR “Planet Money” founder Adam Davidson writes in the New York Times Magazine.
The GOP, desirous of overriding Barack Obama’s veto of legislation approving the Keystone XL oil sands pipeline, failed to do so on Wednesday, with the vote 62-37, five votes short of the two-thirds majority needed.
Talk radio host and author of “The Liberty Amendments,” Mark Levin argued that President Obama was “re-distributing a shrinking pie” on Monday in response to the president urging higher capital gains taxes. “If you’re taxed on something again, do you
Senator Rob Portman (R-OH) criticized President Obama’s budget as “more of the same” and outlined the budget plan the GOP will unveil during Saturday’s Weekly Address. Transcript (via ABC News Radio) as Follows: “Hi, I’m U.S. Senator Rob Portman from
President Obama touted “middle class economics” and urged members of Congress to “stop refighting old battles” during debates on economics during his Weekly Address on Saturday. Transcript as Follows: “Hi everybody. I’m talking with you today from Ivy Tech Community
A new study by a group of economics researchers suggests that the top one percent of the U.S. now hold as much wealth as the bottom 90 percent, a lopsided split that is approaching levels not seen since early last century.
Congressman Dave Brat (R-VA), who holds a Ph.D in Economics and taught Economics at Randolph-Macon College said that President Obama’s tax proposals “are nowhere in the relevant economic range” on Monday’s “Your World with Neil Cavuto” on the Fox News
People in Japan are so averse to romantic relationships that the country’s media even has a name for it: sekkusu shinai shokogun, or “celibacy syndrome,” according to a widely circulated Guardian story on the country’s low rates of marriage, childbearing and even sex.
Millennials may be America’s most educated generation, but you wouldn’t know it from where they stand economically.
