Economics articles

The State of Ohio’s Economic Problems, Pt. 2

The State of Ohio’s Economic Problems, Pt. 2

[Editor’s note: Read Part 1 here.] Ohio’s recent financial problems have been a consequence of our leaders blindly reacting to the booms and busts of the past several decades without an understanding of business cycles. In the chart below, Ohio is shown to have experienced the same pattern in the rise and fall of tax

We Count on Coal

Unfortunately, too many Americans do not understand the significant contributions coal makes to the U.S. economy and our way of life. President Obama is taking advantage of this lack of understanding by waging a war on coal to the explicit benefit of his green pork agenda. His recent proposal to regulate carbon emissions from power

Janet Yellen Will Consume Our Economy with Fireballs from Her Eyes

President Obama has nominated Janet Yellen as the next chairman of the Federal Reserve. Much hype has surrounded Yellen since her name appeared on the short list for the chairmanship.  Yellen was always Wall Street’s first choice because of her dovish views on inflation.  Obama is apparently fond of Yellen too. One of Yellen’s greatest

Our Coming Economic Collapse, Part 5: The Crash

Rather than dealing with the destruction from the artificial booms in the 1990s and 2000s, our politicians and the Fed are now trying to keep the artificial booms propped up with stimulus.  We should have had a deep and severe economic crisis in the early 2000s as a result of the 1990s artificial boom.  However,

Our Coming Economic Collapse, Part 4: Lessons from History

The last century proved that the economic recovery requires a liquidation of the market.  In 1916, the U.S. was on the verge of entering World War 1.  President Wilson needed access to the Fed’s ability to create money to fund the war.  The Federal Reserve Act was revised to allow the Fed to hold treasury

Our Coming Economic Collapse, Part 3: Our Recent Boom & Bust Cycles

The cycle of artificial booms and busts described in Part 2 of this series happened under the Clinton and Bush presidencies.  In the early 1990s, the Funds rate was 8%. By 1993, the year of Clinton’s infamous tax increase, the Funds rate was in the 3% range and the Funds rate stayed in the 4-5%

Obamacare Sticker Shock, Part 1: Ohio Premiums Expected to Rise 88%

Ohioans should expect their health insurance premiums to rise significantly over the coming years. This–despite the fact that the “Affordable Care Act” (ACA) was premised on several statements made by White House staff, Congressional leaders, the Congressional Budget Office (CBO), and President Obama himself, that the legislation would make premiums more affordable. In fact, they