Fed Interest Rate Face-Off

Fed Interest Rate Face-Off

While the current administration has been looking to keep this economic cycle going much longer and even accelerating, the Federal Reserve is concerned that the cycle may be getting overextended and overheated, putting the central bank in a tough spot as it attempts to apply some interest rate brakes while fiscal policy lays on the accelerator.

read more »

We've Hit The Tipping Point with Over 50% Not Paying Taxes

My friend Dan Mitchell, senior fellow at the Cato Institute, had a frightening blog post today.  According to the Ways and Means Committee, 51% of households paid no income tax in 2009.  Click here for his piece. This is a dangerous tipping point as with over half of households paying no taxes, the incentives to […]

read more »