Columns

Market Pros, Media Seek Red Meat from Fed

Most Americans don't pay much attention to what goes on at the Fed on a daily basis, and that's a good thing. Market pros and the media, on the other hand...

Why Economists Are Clueless

Everyone’s debating whether Bernanke’s quantitative-easing experiment worked, but the truth is, we may be in deeper you-know-what than before.

Hyperinflation Spook Story

Betting the Federal Reserve’s stimulus slingshot will come back to hit us all in the head with hyperinflation anytime soon will make you broke.

IRS Gets New Powers to Revoke Passports

Submarined deep in the transportation bill passed by Congress last December was a new power given to the IRS to collect taxes. If you have a federal tax debt of $50,000 or more, the IRS can get your passport cancelled. 

The Federal Government’s Vegetative Universe

The end run around Congress’s power to legislate is gapping wider. It includes presidential and federal authority exercised not just through executive orders, but a circus mirror of rules, guidance documents, memoranda, bulletins, manuals, circulars, public notices and other agency proclamations.