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The markets around the world went up because Italy proposed to deal with its debt woes for real. Please respect FT.com’s ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email ftsales.support@ft.com to buy additional rights or use this link to reference the article – [...]

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The economy added 117,000 new jobs mostly in the private sector in July.  The bad news is that first time unemployment applications are still 400,000 a week.  We are simultaneously gaining and losing jobs which is keeping unemployment above 9%.  At least the numbers may ease fears of falling into another recession.  We just seem [...]

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Wow!  I am sure you all saw the news today:  The Dow fell 500+ points.  Now–do understand–you will get TONS of news and analysis on why this happened–but only HERE do you get the real reasons why. Here now are the:  Top 10 Reasons the Stock Market Fell Over 500 Points Today 10.  Stock Traders [...]

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Read this National Journal Article. With Tim Geithner hinting at leaving the administration, it raises a question– where is the economic team? Two vacancies on the Fed, multiple vacancies in Treasury, quoting the MSNBC link there are also vacancies in “Office of the Comptroller of the Currency, Federal Housing Finance Agency, Consumer Financial Protection Bureau, [...]

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The debate of the century.

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Last night my Talk Show had some serious tension.  For those of you who were unable to listen, the audio has been put up here. I will be making a YouTube video of the highlights, I just haven’t gotten there yet. So, Sussex County Council Member Vance Phillips has issues with the budget requests of [...]

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If you have no water, you die.  If you are immersed in water too long, you die.  The same is true of government spending and debt, but some refuse to understand that too much is not good.  While many of us wish Social Security was better designed, overall it is an example of successful spending.  It [...]

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The Economist said earlier this year that the Lost Decade in Japan may look good in comparison to what may be in store for us. It may be smart for us to look closer at the Lost Decade. I plan a three part examination. The nation of Japan suffered through over a dozen years of [...]

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Democrats are debating letting the Bush tax cuts expire.  This is in spite of millions of jobs being created despite a huge natural disaster, two wars, and the attack on the financial system of 9/11. If deficits are the issue, why not let the Bush spending increases expire?  Spending increased 55% under President Bush.

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Our federalist government has been in its death throes for a long time. Some attribute the beginning of the end to the seventeenth amendment, which transferred the election of senators from state legislatures to popular vote, thus depriving state legislatures of much of their power to influence federal policies. A bulwark against the encroachment of [...]

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Famed Economist Arthur Laffer shares his concerns with the rest of us. People can also change the timing of when they earn and receive their income in response to government policies. According to a 2004 U.S. Treasury report, “high income taxpayers accelerated the receipt of wages and year-end bonuses from 1993 to 1992—over $15 billion—in [...]

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47% believe President Bush is to blame for the economy while 45% blame President Obama. I think it would be wiser to blame the Federal Reserve and crazy tax, trade, and policies misallocating resources by distorting the markets, pushing us to rely on foreign energy sources, and building a debt based service economy. Then again [...]

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The market had been sliding in reaction to the Senate financial reform bill, but House Democrat Financial Services Chairman Barney Frank became an hero of the Wall Street types with a pledge to keep the house provision on derivatives. Rep. Frank is right, I noted a similar concern that it seemed to be poorly drafted and did [...]

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We can all breath a sigh of relief. The right to fleece credit card consumers with sky high rates has been preserved. This is a positive for Delaware and South Dakota which have no limits on interest rates. This policy has attracted many credit card companies and tens of thousands of jobs. I support the [...]

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The recession is over, Thank GOD. The problem is the recovery is anemic. A typical recovery has over 5% growth, we are not there. The real question is why not? First the good news. The economy grew at an estimated annualized 3.2% rate last quarter. The bad news is that was a drop from last [...]

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The Blanche Lincoln version of derrivative regulation would be a windfall to investment houses and harm companies who used them wisely to limit risk. They would be hit right when they may have started recovering for hundreds of billions collectively. Which party is the party of Wall Street over mainstreet? From the Wall Street Journal: [...]

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Some time ago, I was sitting in my opthamologist’s office and chanced on a magazine I’d never heard of–Stocks, Futures and Options. In it was an interview with George Friedman, who noted the financial elite have lost all credibility. He added the political elite have stepped in to the vacuum. He also said the government [...]

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A ground breaking study on the relationship of debt to economic growth will be published next month.  It is authored by University of Maryland’s own Carmen M. Reinhart and Harvard’s Kenneth S. Rogoff. It is the reason that we are concerned about the increased addition of debt. Our old path had no impact on the [...]

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If you want to understand how to build a prosperous economy, there are more examples in Asia which has rebounded quicker from the recession. Asia moved away from state socialism. Europe moved toward it. Which is working better America?

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Proud of its historical status as the first of the original 13 colonies to ratify the Constitution, Delaware has certainly earned the right to proudly display our first-state motto anywhere and everywhere we can fit it. Recently Delaware signed another historic pact with many of those same states – this one, aimed at implementing a [...]

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by Shaun Fink   As this year unfolds, we will hear a lot of talk about creating new “green” jobs to contribute to our state economy.  In advance of the cacophony, let’s examine exactly what we are talking about when we use the term “green” before the word “jobs”.  As neat and packaged as the [...]

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It should be a slam dunk for Time’s man of the year to be reconfirmed for a second term, but it appears that liberals and conservatives agree on at least one thing, there needs to be a growth agenda that is bigger than Wall Street. Moderates are not rocking the boat as usual. Republican Senators [...]

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America is at a point of decision. Some say that we are a power in decline just like Rome of old.  The case for decline pretty strong.  We have gone from surplus to huge deficits in a decade.  We have gone from almost of a third of the world’s GDP to less than a quarter.  We have [...]

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So declared the Oil states in the Arabian Gulf as they announced a new regional currency.  It will be tied to a global market basket of currencies.   The administration is too busy trying to take over the private sector to do its job.  All hail the ruling regime. Saudi Arabia, Kuwait, Bahrain, and Qatar are [...]

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There is an attack on the Community Reinvestment act led by Republicans. It is blamed for everything from collapsing the financial system to the ACORN scandal. Leftwingers say there is no problem and Republicans are racists for having a problem with it. The left is so far out that even when they raise valid points, [...]

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A new book the End of Money and the Future of Civilization is worth considering this weekend. These guys make me feel like an optimist.

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Here is another example of why the market is better than government.

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How would you like to get $500 just for being born?  That is what ASPIRE or the “America Saving for Personal Investment, Retirement, and Education” act would do if enacted.  It would provide every person born in America with a $500 savings account.  Sounds great right?  How about when you stack that $500 up next [...]

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