A Federal Budget Cut We Need

Congress has an idea:

American consumers have shown about as much appetite for the $1 coin as kids do their spinach. They may not know what’s best for them either. Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next . . . → Read More: A Federal Budget Cut We Need

The Ryan Plan is Unserious

Yet Emmett Tyrell tries to defend it anyway:

Ryan is a supply-sider. He advocates one of the few economic innovations in years. He realizes that the budget cannot be balanced without faster economic growth. Sure, it would be nice to balance the budget in five years, but not with tax increases. Tax increases would . . . → Read More: The Ryan Plan is Unserious

Economic Events on April 12, 2010

At 2:00 PM EDT, the Treasury budget for March will be released.  The consensus is a deficit of $62 billion, after a deficit of $220.9 billion due to spending on stimulus projects and TARP outlays.  Historically, the U.S. Treasury has run an average deficit of $108 billion over the last 10 years, so if . . . → Read More: Economic Events on April 12, 2010

Never Say Never to Monetization

If you want to know what kind of monetary morons we have in charge of the Federal Reserve, then you have come to the right place, because a record of sorts was set last week, in that the loathsome, disastrous Federal Reserve bought up – in the last 12 short months – $1.011 trillion . . . → Read More: Never Say Never to Monetization

What Is A Trillion Dollars?

According to the Bureau of Engraving, a dollar bill is .0043 inches thick. A stack of a trillion dollar bills would reach up 358 million feet, or 67,866 miles. . . . → Read More: What Is A Trillion Dollars?