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    9 Things Janet Yellen Tried to Say Carefully as the Dow Plunged

    Janet Yellen appeared to emerge with her confidence intact this afternoon after her first press conference as chairman of the Federal Reserve. However, stock markets dropped sharply when, as head of the nation’s central bank, she said the Fed may begin to raise interest rates “six months” after the final … More

    End Double-Dipping: An Easy, Bipartisan Step Toward Saving Disability Insurance

    A friend calls you and begs for cash to aid in his job search. A minute later, he calls you again and begs for more cash because he hurt his back and is unable to work. You, of course, realize that your friend is interested only in mooching off your … More

    Obamacare Is Murdering Jobs

    Fewer Americans either have or are looking for jobs today than at any point since 1978 — and President Obama’s health care law is about to make this problem much worse. The Congressional Budget Office just estimated the Affordable Care Act will eliminate the equivalent of 2.5 million jobs a … More

    Why Unemployment is High in Parts of Michigan

    Bruce Los, vice president of Gentex Corp., a $1.2 billion manufacturing company located in tiny Zeeland, Mich. (population 5,508), often hosts executives from foreign auto companies like BMW, Nissan and Toyota  With 4,000 employees and a state-of-the-art facility, Gentex makes some of the world’s most advanced rearview mirrors, with camera-based driver … More

    Pension Smoothing on UI Bill Is an Accounting Trick That Could Lead to Taxpayer Bailout

    The Senate is trying to use an accounting trick to claim deficit-reduction from a bill to extend federal long-term unemployment benefits. Far from that, the proposal to “smooth” pension contributions would merely shift tax revenue from the future into the present while destabilizing pensions even further and increasing the risks … More

    U.S. Debt Poses a Greater Barrier to Economic Opportunity Than Income Inequality

    President Obama has made income inequality the forefront issue on his 2014 agenda. However, more government is not the solution to increasing economic opportunity in the United States. More government has been the theme of the past decade and the hallmark of the Obama Administration. From the Medicare prescription drug … More

    Examining North Carolina’s Falling Unemployment Rate

    On January 1, maximum unemployment insurance (UI) benefits dropped across most of America. Not in North Carolina. The Tar Heel State already ended extended UI benefits in July 2013. What happened afterward has caused considerable controversy. No one disagrees that North Carolina’s unemployment rate began rapidly falling almost immediately after … More

    The Fed Inflation-Unemployment Trade-Off: Outlasting the Energizer Bunny

    George Selgin has a new post on the Free Banking Blog that highlights the economic quandary the Fed now has the U.S. in. The post uses subtle sarcasm to make an excellent point, but many readers may miss Selgin’s main idea. Selgin starts by discussing the current policy debate surrounding … More

    Proof That Obamacare Is Hurting the Economy

    Today’s jobs report shows the labor market recovery remains weak—and businesses are telling the Federal Reserve one of the main reasons is Obamacare. Last week’s Federal Reserve Beige Book includes direct references to the Affordable Care Act (aka Obamacare) causing employers not to hire workers. The Beige Book “summarizes comments … More

    How's the Economy at Your House?

    The news media, the President, and Congress should be cautious in trotting out “victims” of the government shutdown. As national media continue the hype, the furor over Washington furloughs will only take you so far in the rest of America. IN WASHINGTON: While the country’s national parks are closed and … More