Month: July 2011

Debt Ceiling: Are Big Corporations and the Rich Paying Their Fair Share?

President Obama, speaking on the budgetary impasse, suggested that corporations and the rich pay their fair share.  This old saw of the class warfare guerrillas has a nice ring to it…but just how much is enough to rise to the level of “fairness”?  And are they paying a smaller share or a bigger share than

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The 3 Biggest Lies About the U.S. Dollar

  Fringe theories get more followers in the Information Age.  When a little economic knowledge combines with pessimism and conspiracy-theory, popular themes emerge.  One of them surrounds the U.S. dollar—and the views are just too far afield from reality today. Following are the three biggest, and oft cited, lies about the dollar. #1) THE DOLLAR

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Debt Ceiling 2011: President Obama and US Congress Should Avoid Creating An Economic Crisis

There has been much wringing of hands and gnashing of teeth around the debt ceiling and budget agreement in 2011.  Will President Obama and the US Congress raise the ceiling in time?  How important is it, anyway?  And what’s the right solution to avoid creating an economic crisis? Manu Raju of Politico says, “The Senate

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Everything You Need to Know About Inflation In Ten Charts

It seems everyone has an opinion on inflation these days.  Some say we currently have high inflation.  Others say we are actually in a state of deflation. Still more say we’re on the verge of Hyperinflation. So who’s right?  None of those folks. The fact is, and as these charts will show, we have a

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