Economics


July Federal Budget Deficit a “Mere” $63 Billion

July Federal Budget Deficit a “Mere” $63 Billion

Good news! The federal budget deficit for July was only $63 billion, according to the latest Monthly Treasury Statementย issued by the Treasury Department. Of course, this isn’t really good news. Sixty-three billion is a huge number. I say โ€œonlyโ€ simply because...
A Cure Worse Than the Illness

A Cure Worse Than the Illness

Government broke the economy. Now it’s promising to fix it. The “fix” will almost certainly be worse than the problem it created to begin with. Most people remain blissfully ignorant of the economic wounds inflicted on the U.S. economy by the...