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Creating money out of thin air

The Federal Reserve has taken some major action in an effort to stimulate the econnomy: The Federal Reserve escalated its efforts to get the U.S. economic recovery back on track Wednesday, again...

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Stimulus jobs are just about over

An illustration of the futility of creating jobs by just spending government money for construction projects.  Once the projects are finished, we are back to unemployment.  And all of those...

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Tim Pawlenty’s economic plan

GOP presidential candidate Tim Pawlenty, the former governor of Minnesota, laid out an ambitious and unusually specific plan to get the economy going again: “Growing at 5 percent a year rather than the...

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Why the government makes a poor investor

A chronicle of the failure of Solyndra–a “green energy” company that received half a billion dollars worth of government “investment”–demonstrates the larger point that government bureaucracies are...

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Economic stimulus as narcotic

Some business teachers and managing consultants still use their yellowed notes about Japan’s economic success, but that is way out of date.  For decades, Japan’s economy has been in the doldrums.  Why?...

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