Just because the U.S. hits the debt ceiling it does not mean that the U.S. immediately defaults on its debt, as popular left-wing claims have rang aloud. As I noted more than a month ago, the claim that we automatically default is a big lie . First, as Conn Carroll at the Washington Examiner noted today, […]

By Rick Manning – It’s official. There is a housing crisis in America. The New York Times has weighed in with their prescription for the housing woes plaguing our nation’s economy. Not surprisingly, their solution is more government intervention, billions more on government loan modification programs that are proven failures 40 […]

No surprise here, but taxpayers are definitely losing money on the bailout that was engineered by Obama and Bush for General Motors. As Shikha Dalmia wrote at Reason (bold text done for emphasis): …Bloomberg’s survey of 21 auto analysts put the average projected price for GM […]

By Adam Bitely – Friedrich August von Hayek and John Maynard Keynes have been the central part of a near century long battle over the role that government should play in the economy. Time and again, the ideas and theories of Keynes and Hayek have […]

By Bill Wilson -In April, the people of Iceland went to the polls, decisively rejecting a bailout of British and Dutch investors who lost billions in the Icesave bank in 2008.  Iceland is the rare example of a nation that allowed its banks to fail in the […]

By Kevin Mooney — Unelected federal agents who are working to regulate and control the free market economy even after the collapse of “cap and trade” legislation have been called out thanks to Americans for Limited Government (ALG) and its top researchers. The legislation now […]

By Robert Romano – The national debate over the debt ceiling has been compared to a high stakes game of “chicken”. Everyone is familiar with the game, where two drivers speed headlong at one another. The one who doesn’t swerve “wins,” while the one who does is […]

This great video from the Atlas Network explains that you can’t give back something that you didn’t take. Many believe that profits are immoral, but those folks are misinformed. Watch this video to see why:

By Rick Manning – The Obama economy continues to drift downward as our nation’s jobless rate is back at 9 percent with the Bureau of Labor Statistics (BLS) reporting that the number of unemployed persons increased by 205,000 in April. Yet, incredibly the BLS writes in their May 6, 2011 release […]

By Bill Wilson – Whatever Barack Obama cannot achieve legislatively, he appears Hell-bent on just doing administratively.  The latest example is mortgage cramdowns — where the government would arbitrarily reduce the principal owed on a mortgage for some underwater borrowers who now owe more on their homes […]