Austerity Successes in Previous Downturns

The left continues to resist any suggestion of spending cuts right now. In their view, a depressed economy is no time to slash spending; that would only further weaken demand. ...

11 Facts You Need To Know About The Nation’s Biggest Banks

The Occupy Wall Street protests that began in New York City more than three weeks ago have now spread across the country. The choice of Wall Street as the focal point for the ...

FHFA Sues Banks to Recover Housing Bond Losses: Less Than Meets the Eye?

News reports say that the Federal Housing Finance Agency (FHFA) will sue about 12 major banks in order to recover some of the losses that Fannie Mae and Freddie Mac ...

Iceland Declares Independence from International Banks

Iceland maybe the first true free nation, and it intends to remain so, as long as its citizens wish to remain autonomous of the foreign domination of her would-be masters ...

The Lehman Brothers Plan

Mises Daily:   People often ask me, “What do you think the government should do instead of QE inflation?” My stock answer is that the government should not try to fight ...

What Happens When Greece Defaults

(By Andrew Lilico) It is when, not if. Financial markets merely aren’t sure whether it’ll be tomorrow, a month’s time, a year’s time, or two years’ time (it won’t be ...

10 US Housing Markets At Risk Of A Major Collapse

Even the baseline scenario in places like Las Vegas and Miami is grim, where Case Shiller projects a 21% decline in home prices from 2010 to 2012. But in one ...

The Federal Reserve Must Implement QE3

Gold prices surged last week to a new all time high of $1,463.70 per ounce, while silver prices soared to a new 31-year high of $39.785 per ounce. Silver is ...

How Long Will the Eurozone Agreement Hold?

On Saturday, process won out over substance in the reaction to the agreement by leaders of the eurozone on measures to combat the European debt crisis. Since there was so ...

Dollar’s Global Fall Will Be ‘Disastrous’ for US Living Standard

Billionaire real-estate magnate Sam Zell warns that Americans should brace for a “disastrous” 25 percent decline in the standard of living if the U.S. dollar’s reign as the global reserve ...