Author / Max Bennett
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Oil Fears
The mainstream media seems to love the “oil” buzzword; the economic consequences of oil price fluctuations directly affect consumers and in short, sell newspapers. Far from being unjustified, the attention paid to oil prices is deserved and comes from the fact that past oil shocks have driven economies into the ground. Recently, the uprising in…
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Current Policy of the Federal Reserve
Ben Bernanke, the chairman of the Federal Reserve, is perhaps the most powerful man in the United States right now. His decisions on monetary policy drive the stock market, influence the willingness of corporations to hire, and will largely determine not only the success of the American economic recovery, but also the world at large.…
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Understanding The Budget Deficit
The United States Government is currently sitting on $13.6 trillion dollars of debt and is running a budget deficit of $1.3 trillion. The debt-to-GDP ratio, a common measure used by economists, is around 68%. Worse, the debt is growing at an alarming rate since the government has been spending significantly more than it receives via…