The previous upturn in housing prices faltered after a year, but all the signs suggest that the current home price recovery will be sustainable.
Economics
Forget ‘Buy American’? U.S. Retailers Push an ‘Imports Work’ Campaign
Wanna support American workers? Buy imports. So says a new report, which claims that a cheap, robust imports marketplace not only helps American workers and families, but local farmers, manufacturers, and small businesses as well.
The Made-Up Numbers Dominating the Immigration Debate
The Heritage Foundation made a splash early this week with a report predicting that the current immigration reform bill being debated in the Senate would cost the U.S. government $6.3 trillion dollars in benefits like Social …
Viewpoint: Ben Bernanke, Enabler of America’s Fiscal Dysfunction
By trying to compensate for poor fiscal policies, the Fed is making it easier for the President and Congress to evade their responsibilities.
Austerity Strikes Back: Budget Hawks Regroup After the Reinhart/Rogoff Affair
In recent years, we have had no shortage of pundits, politicians, and writers telling us of the economic doom — soaring interest rates, slower economic growth, and choking credit markets — facing the U.S. government if it doesn’t reign in its debt. Since the financial crisis, however, the U.S. has consistently experienced low interest …
Is the Price of Gold Signaling an Economic Slowdown?
Gold and other commodities seem to be signaling that the U.S. economy is sluggish and will get weaker still.
The Real Reason to Worry About China
The world is worried about China, but not for the right reasons. Global financial markets were roiled after the world’s second largest economy notched only a 7.7% boost to GDP in the first quarter — a drool-worthy performance …
Europeans Are Thinking the Unthinkable: That Debt Defaults Might Make Sense
Instead of struggling to keep the euro zone together, default may be less painful in the long run for the people of overindebted countries
Why the Argument for Austerity Took a Big Hit Yesterday
Updated at 11:12 p.m.
In the years following the financial crisis, America has been obsessed with debt. Hurting from the crisis, consumers and businesses have been busy paying off debt, while the federal government has ramped up its borrowing through a combination of stimulus spending and lower tax revenue. And of course all this new …
What’s Behind the Crash in the Gold Market?
Since 2011, the gold market has shown signs of weakness, culminating in a multiday crash that began on Thursday and continued into Monday
The Real Significance of the Bitcoin Boom (and Bust)
Online currencies like the Bitcoin are one day likely to alter government policy, just as the bond market did in the 1990s
Was Thatcherism Good (or Bad) for the Economy?
Margaret Thatcher was known as the woman who, from 1979 to 1990, brought austerity and — at least for part of her tenure — economic growth to a stagflation-riddled Britain. She’s also known as a heedless free-market …