Since President Obama’s re-election in November 2012, Republicans have questioned why they were unable to defeat an incumbent who presided over grim economic news during his first term. The depressing economic news includes: net loss in jobs chronically elevated unemployment […]
In his 2013 State of the Union address, President Obama implied that the “fiscal cliff” legislation constituted significant progress on solving the nation’s growing debt. But on the same day as the address, the head of the Congressional Budget Office […]
The American economist James M. Buchanan passed away on January 9, 2013. He is most famous for developing public choice theory (PCT), which earned him a Nobel Prize in Economics in 1986. PCT views many of the recurring problems in […]