Archive for Foundation for Economic Education

Market Bodes Ill for Incumbent as Election Nears

“With only six months before the election, the stock market is giving President Barack Obama the worst returns since Ronald Reagan was seeking a second term.” (Bloomberg) What would you expect with government standing in the way? FEE Timely Classic “The Depression You’ve Never Heard Of: 1920-1921″ by Robert P. Murphy

21May2012 | | 0 comments | Continued

G8 Meets to Sort Out Euro Crisis

“Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common currency.” (Reuters) Is there a collection of people less equipped to solve this problem? FEE Timely Classic “Market Money and [...]

18May2012 | | 2 comments | Continued

Obama Wants Tariffs on Chinese Solar Panels

“The Obama administration called Thursday for hefty tariffs on Chinese-made solar panels and cells, arguing China has been illegally ‘dumping’ under-priced products on the U.S. market.” (USA Today) Make trade not trade war. FEE Timely Classic “Tariffs Are Legal Plunder” by Dean Russell

18May2012 | | 1 comment | Continued

Indefinite-Detention Law Stayed by Judge

“A federal judge granted a preliminary injunction late Wednesday to block provisions of the 2012 National Defense Authorization Act that would allow the military to indefinitely detain anyone it accuses of knowingly or unknowingly supporting terrorism.” (Courthouse News Service) “An ideologically diverse alliance that includes liberal Democrats, Tea Party Republicans, and the libertarian-minded Rep. Ron [...]

17May2012 | | 1 comment | Continued

Florida Makes Passing State Writing Test Easier

“The Florida Board of Education voted unanimously to lower the passing grade for a state writing test after complaints from educators that the state pushed through tests with inadequate time for teachers and students to prepare, the News-Press out of Fort Myers, Fla., reports. The educators blamed the situation for causing low test scores, the [...]

17May2012 | | 1 comment | Continued

Export-Import Bank Gets New Lease on Life

“The Senate approved legislation on Tuesday to extend the life of the Export-Import Bank by three years, sending to President Obama a measure that had been waylaid for months by small-government conservatives seeking to kill off an agency they denounced as a boondoggle.” (New York Times) Welfare for big business. FEE Timely Classic “Help for [...]

16May2012 | | 0 comments | Continued

New Debt-Ceiling Fight Shapes Up

“House Speaker John Boehner, R-Ohio, will not allow an increase in the debt ceiling to move through the House unless the amount of the increase includes an equal or greater amount of spending cuts.” (USA Today) The debt will move in only one direction. FEE Timely Classic “Contradicting Keynes: Bernanke’s Debt Default Scare” by James [...]

16May2012 | | 1 comment | Continued

Obama Points to JP Morgan in Support of Regulation

“The spectacular $2 billion loss by JP Morgan shows why President Obama’s overhaul of financial regulations was needed, the White House says.” (USA Today) Actually, it shows what’s wrong with government regulation. FEE Timely Classic “Banking Without Regulation” by Lawrence H. White

15May2012 | | 12 comments | Continued

Greece’s Future in Euro Zone in Doubt

“The dollar rose and stocks fell Monday in Europe, and Wall Street appeared to be headed for a weak opening, as politicians fumbled for a way forward in a crisis that has put Greece’s continued euro membership into serious doubt.” (New York Times) Spendthrift welfare states, beware. FEE Timely Classic “Greece: The Canary in the [...]

14May2012 | | 0 comments | Continued

JP Morgan Loss Spurs Regulation Talk

“J.P. Morgan Chase & Co.’s stunning after-hours announcement Thursday of a $2 billion loss on a complex bet sent shock waves through the nation’s capital Friday, as lawmakers blamed financial regulators for continuing to allow the same risky activity that nearly sunk the global financial system four years ago. . . . In the aftermath [...]

14May2012 | | 0 comments | Continued

Fed Budget in Surplus—in April

“The U.S. government took in more money than it spent in April, the first monthly surplus in nearly four years. But that black ink won’t last. The federal government is on track to exceed a $1 trillion deficit for the fourth straight year, keeping the contentious issue front and center during the 2012 presidential election.” [...]

11May2012 | | 0 comments | Continued

Administration Eliminates Regulations

“The Obama administration announced today it has changed or eliminated five regulations, saving the economy an estimated $6 billion. President Obama also signed a new executive order “making it a continuing obligation of our government to scrutinize rules on the books to see if they really make sense,” said a White House statement…. Today’s changed [...]

11May2012 | | 0 comments | Continued

U.S. Is Less Open to Foreign Investment

“Foreign investment in the United States is ebbing and beefing it up is critical for economic growth as each job at a foreign company’s U.S. unit supports three others, the Organization for International Investment said on Thursday. A complex U.S. tax code and increasing global competition are curbing business development here by foreign companies.” (Reuters) [...]

10May2012 | | 1 comment | Continued

Oil Price Hits Year’s Low

“The price of oil dropped Monday to its lowest level of the year after elections in Europe created uncertainty over the region’s plan for recovery.” (Christian Science Monitor) Is anything less understood by the public than how the price of oil is set? FEE Timely Classic “Voluntary and Coercive Cartels: The Case of Oil” by [...]

9May2012 | | 0 comments | Continued

Effort to Hold Down Student-Loan Rates Hits Wall

“The battle over President Obama’s plan to keep interest rates low on federal student loans escalated Tuesday as Senate Republicans blocked a Democratic proposal to tax higher-income individuals to pay for it.” (Los Angeles Times) Government needs to get out of this entirely. FEE Timely Classic “Why on Earth Do We Have a Student Loan [...]

9May2012 | | 1 comment | Continued

Feds Launch First Solar-Power Project on Government Land

“Interior Secretary Kenneth L. Salazar on Monday cheered on the opening of the first large-scale solar power project on federal property, just three days after his department rolled out new regulations on oil and gas companies doing business on those very same lands.” (Washington Times) Unlimited government. FEE Timely Classic “Government in Business” by Murray [...]

8May2012 | | 0 comments | Continued

Obama Has a Little List for Congress

“President Obama plans to give Congress a “To Do List” today that he says will create jobs and “help restore middle class security,” the White House said.” (USA Today) How about a “To Undo List”? FEE Timely Classic “Is Anyone Still for Limited Government?” by Doug Bandow

8May2012 | | 0 comments | Continued
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