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    Welfare Money Being Used to Post Bail?

    Welfare cash may have been used to get a Massachusetts drug dealer “out of jail free.” The Boston Herald reports: Kimball Clark, 45, was locked up Friday on drug-dealing charges—again—when he was overheard using his one phone call to ask the person on the other end of the line to … More

    Here Comes the Durbin Tax

    As if further evidence actually is needed, Bank of America on Thursday demonstrated yet again how government price controls inevitably harm consumers—and low-income consumers the most. In this instance, the nation’s largest bank (by assets) announced on Thursday a new $5 monthly fee for use of a debit card. Several … More

    Bernanke on Dodd-Frank Fallout: Debit Card Fee Caps Threaten Small Banks

    Federal Reserve chairman Ben Bernanke has delivered yet another ominous prediction about Dodd–Frank fallout, telling the Senate Banking Committee last week that government dictates on debit card fees “could result in some smaller banks being less profitable or even failing.” Although not the first to recognize the problem, the Fed … More

    Telling Washington That Taxpayers are Not the Government’s ATM

    In the week leading up to the G-20 Summit in Toronto this weekend, German Finance Minister Wolfgang Schäuble has added his voice to the growing discussion about the United States’ recession spending spree.  In a response to President Obama’s call for further international recession spending, Schäuble stated “governments should not … More