?The Dollar Threads a Needle

Pre-holiday cheer is certainly evident in the financial markets. The overwhelming consensus is that the Congressional agreement to not raise taxes while extending hundreds of billions in new stimulus will finally allow the recovery to take hold. The good feelings are...

ObamaCare Hits an Iceberg

Federal Judge Henry E. Hudson ruled Monday in favor of Virginia’s claim that the requirement for people to purchase health care exceeds the power of Congress under the Constitution’s Commerce Clause or under the General Welfare Clause. “It is not the...

Wall Street Gives Uncle Sam Too Much Credit

?Despite the fact that the S&P is up over 80% in the last 21 months, US financial firms are currently tripping over each other in their zeal to raise their S&P 500 and GDP targets for 2011. JPMorgan’s chief US equities strategist, Thomas Lee, came out on...

Constitutional Health Care

The writers of the U.S. Constitution were very much aware of the need to set firm and specific limits on the powers of government. Hundreds of years of the British Monarchy, and study of the failures of republican forms of government as far back as ancient Greece and...

The Tea Party vs. The Conservatives

Many people argue that the Troubled Asset Relief Program (known as TARP) is an example of government intervention in the economy being necessary. If government hadn’t intervened, the argument goes, the economy wouldn’t have stabilized and our severe...

No Compromise

?Today former President Bill Clinton held an impromptu press conference in order to support the tax-cut deal that Obama reached with some Republicans. The mainstream media is already speculating that the circumstances of the conference, the demeanor of Obama and...

?Two Flawed Currencies

Despite America’s economic problems, the US dollar has maintained its respected status the world over – and has even managed to maintain value in comparison to other currencies. It appears that the dollar will likely finish 2010 at the same levels that it...