Retirees the Victims of Federal Reserve’s War on Saving

This week the Economic Policy Subcommittee of the Senate Banking Committee will hold a hearing on the shortfall in retirement savings in America. This shortfall has many causes including inadequate savings, financial mismanagement, unrealistically high projected returns by pension plans, and public policy that is hostile to investment. One of the most important causes of […]

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Fed Is Buying 61 Percent of U.S. Government Debt

In his attempt to explode the myth that there is unlimited demand for U.S. government debt, former Treasury official Lawrence Goodman explained that there is high perceived demandbecause the Federal Reserve is doing most of the buying. Wrote Goodman, Last year the Fed purchased a stunning 61% of the total net Treasury issuance, up from negligible […]

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What is Your Fair Share?

“For were the impulses of conscience clear, uniform, and irresistibly obeyed, man would need no other lawgiver; but that not being the case, he finds it necessary to surrender up a part of his property to furnish means for the protection of the rest…” – Thomas Paine, Common Sense (1776) There were not many surprises in President Obama’s […]

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