(C4L) – According to Paul Krugman, getting out of this depression is as easy as cranking up the printing presses at the U.S. Department of the Treasury. However, I believe, as a card-carrying member of the “Pain Caucus” (foolishly, or maybe my motives are darker), that the government’s current economic policies of borrowing and spending might not do anything but dig our economic hole even deeper.

Krugman and many other economists believe that the government is much too stingy and that what it needs to do is not cut back on spending and borrowing but rather throw the spending levers full forward. I present their views (as fairly as possible) and then look at them from another perspective. Read the rest of this entry »

(Fox) – Whenever you print money, people look for a refuge, gold,” says Rogers. He points out that government will blame its mistakes on the press and the people rather than itself.
The investor predicts gold will end in a bubble someday, when everyone is buying. He would rather buy silver than gold now, but owns both. Read the rest of this entry »

It’s too late for anyone to pretend that the U.S. government, whether under President Barack Obama or anyone else, can divert our nation from long-term economic decline. The U.S. is increasingly in a state of political, economic, and moral paralysis, caught as it were between the “rock” of protracted recession and the “hard place” of terminal government debt. Read the rest of this entry »

Timothy Geithner is putting the finishing touches on a plan that will dump $1 trillion of toxic assets onto the US taxpayer. Read the rest of this entry »

Timothy Geithner is putting the finishing touches on a plan that will dump $1 trillion of toxic assets onto the US taxpayer. Read the rest of this entry »

WASHINGTON – Few prominent economists will say it, but to me it looks and feels like we are in another Great Depression or a reasonable facsimile.

The current meltdown is dubbed a “financial crisis.” But a rose by any other name would still inflict the same hardship and suffering on most people and businesses. Read the rest of this entry »

WASHINGTON – Few prominent economists will say it, but to me it looks and feels like we are in another Great Depression or a reasonable facsimile.

The current meltdown is dubbed a “financial crisis.” But a rose by any other name would still inflict the same hardship and suffering on most people and businesses. Read the rest of this entry »