About a month ago, I posted in regard to what I called “the euthanasia of the saver.” This comment had to do with the fact that nominal interest rates in the United States for financial investments such as bank certificates of deposit and bank savings accounts—the kinds of investments traditionally employed by retired persons and small savers, who...
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With the unemployment rate remaining persistently high at 9%, politicians seem intent on passing legislation that will create jobs. Never mind that job creation legislation hasn’t worked for four years now. What the job creation rhetoric fails to recognize is that jobs fall on the cost side of the ledger. The benefit is what...
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Ivan Eland‘s new book, No War for Oil: U.S. Dependency and the Middle East, challenges a long-standing pillar of U.S. foreign policy—the belief that U.S. national and economic security require that American taxpayers fund the military protection of oil-rich foreign lands, especially in the Persian Gulf. According to Eland, senior fellow at the Independent...
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