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    The Results Are In: Chinese Stimulus Fails

    Almost four years after implementation of worldwide economic “stimulus,” global growth remains stalled. In the U.S., the unemployment rate is still over 8 percent. In the second quarter of 2012, official Chinese GDP growth slipped to 7.6 percent, the lowest in three years. According to its National Bureau of Statistics, … More

    How Much Debt Is Too Much?

    Following the news that the U.S. national debt has increased by $1 trillion for the fifth year in a row and that Greece’s debt crisis may force it from the eurozone, The Heritage Foundation has published a primer on national debt and sovereign default. National debt in a healthy economy … More

    Do Budget Deficits Reflect American Character?

    Ezra Klein, Mark Thoma, and Paul Krugman take issue with David Brooks for suggesting that the failure in recent years to keep budget deficits under control represents a moral issue. “Every generation has an incentive to spend on itself,” Brooks writes, “but none ran up huge deficits until the current … More

    Even Krugman Agrees--Economy in a Dead-Cat-Bounce Recovery

    Despite a recent spate of good economic data, including last week’s jobs report, the U.S. economy remains deeply depressed. Don’t take my word for it. That’s how Paul Krugman, leftist econo-pundit extraordinaire, describes the economy. In a recent column in The New York Times, he wrote, “our economy remains deeply … More

    Americans Blame Economic Woes on Washington Before Wall Street

    Americans remain convinced of Washington’s culpability in the economic crisis from which the country is still struggling to recover, according to a pair of new polls. The ongoing “Occupy” protests notwithstanding, Americans are more likely to blame the federal government than the financial sector for the country’s economic woes. According … More

    Top 10 Reads: September 22, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe The Great $16 Muffin Myth – Kevin Drum, Mother Jones Global Meltdown: Investors Are Dumping Nearly Everything – Patti Domm, CNBC US walks out as Iran delivers anti-US speech – … More

    Business Leaders: Liberal Economic Policies Are Preventing Recovery

    News on Thursday that there were more new jobless claims last week than initially expected gives new weight to the words of a pair of business leaders who recently singled out President Obama and his big-government approach to economic policy as key impediments to economic recovery. Stephen Wynn, CEO of … More

    Obamacare: No Prescription for Economic Recovery

    The economy is recovering at an unusually slow pace. Typically, employment grows strongly after a severe recession. Not this time. Unemployment remains stuck above 9 percent more than two years after the recession officially ended. What is going on? Initially, the economy appeared on track for a steady recovery. The … More

    Youth Hardest Hit in Obama Economy

    Whom has the recession hurt the most? There is no easy answer to that question—job opportunities have diminished for every ethnic and demographic group. But one of the worst hit groups has attracted little media attention: the youth. Younger Americans overwhelmingly voted for Obama in 2008, but the Obama economy … More

    VIDEO: Hayek vs. Keynes Rap Battle Royale

    It’s not Eminem or Dre, not East Coast or West. It’s economists Hayek and Keynes, and Congress can’t decide who gets it best. They’re battling it out on the mean streets of DC, to see who can fix the economy…. Sometimes, the best way to get a point across is … More