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    National Financial Capability Month: Is President Obama Setting a Good Example?

    Last week, the President declared April 2013 National Financial Capability Month in an effort to encourage Americans to budget responsibly. This is a commendable goal. However, with the President’s budget more than two months late, it’s worth considering how the President is managing the nation’s finances: He grew the national … More

    Bernanke’s Defense of Fed Policies Neither Comforting nor Convincing

    Do the risks from the Federal Reserve’s trillion-dollar annual stimulus program justify the rewards? That was the central question at Tuesday’s Senate Banking Committee hearing featuring Fed chairman Ben Bernanke. Bernanke worked hard to defend the Fed’s quantitative easing policy, but he appears to oversell the rewards by a mile … More

    Morning Bell: Why Should I Care About the U.S. Debt?

    You’re busy. So busy you barely have time to read these words. So why should you care about the us debt? Does it affect your life? Unfortunately, high government debt is having more of an impact on each of us than we realize. Heritage’s Romina Boccia explains that high levels … More

    Bank Profits Soar as Washington Subsidies Flow

    Too often, government policies designed to ameliorate a general problem merely benefit a special interest. A case in point, highlighted by Binyamin Applebaum on the Economix blog, is the Home Affordable Refinance Program (HARP). HARP is part of the complex federal effort to stabilize the home mortgage market and stem … More

    QE4: Another Big Step Down a Dangerous Road

    The Federal Reserve Board today announced the introduction of yet another hyper-aggressive monetary policy, dubbed “QE4” by some for the fourth round of quantitative easing. Three times a dud, fourth time a charm? Not likely. The Fed’s concerns for the economy are well-founded. The economy continues to struggle badly under … More

    Morning Bell: Washington Needs A Lesson on Student Loans

    You know a politician is looking for applause when he speaks in front of a crowd of college students and says he’s there to help them pay back their student loans. After all, who doesn’t like the prospect of free money? But as the saying (sort of) goes, beware of … More

    The Rest of the Story on Student Loans

    President Obama is busy crossing the country and appealing to young Americans on the issue of student loans. He’s warning them of the possibility of increased interest rates this summer, which are set to double. Of course, there’s much more to the story than the president lets on. Douglas Holtz-Eakin explains … More

    Morning Bell: What if Fannie and Freddie Were Eliminated?

    For the past several years, it’s not been an uncommon sight in Anytown, USA, to drive down the street and see home after home for sale after going through foreclosure. They are the still-lingering hangover from the housing crash that began in 2007. Though the true cause of what burst … More

    The Fed, Other Central Banks Prepare for the Firestorm

    The Fed has shocked us once again, and it’s probably right. There’s a firestorm on the horizon. It starts in Europe, but it threatens the U.S. economy just as surely, and the Fed is getting ready. The most fundamental role of any central bank is to deal with a financial … More