John Tamny is editor of RealClearMarkets, a senior economic adviser to H.C. Wainwright Economics, and a senior economic adviser to Toreador Research and Trading (www.trtadvisors.com). He can be reached at jtamny@realclearmarkets.com.
Back in 1989 while a freshman in college, my investment banker father passed along to me his copy of Michael Lewis's Liar's Poker. Heavily read inside and outside of...
It's very difficult to pick up any kind of financial publication these days without reading about China's growing economy, and what this means for the economic health of...
Martin Wolf is a prominent columnist for the Financial Times, and a brief bio of sorts on the FT website notes that "leading economists" regularly debate...
Long before Ben Bernanke, Henry Paulson and Tim Geithner were empowered to allegedly save the world's financial system from collapse, a collection of four central...
Past troubles within the U.S. financial system continue to generate a great deal of feverish commentary from allegedly wise minds in the economic commentariat about...
Last week Congress approved an increase of the U.S. debt ceiling to $14.3 trillion. Once the figure was announced, a lot of understandable hand-wringing ensued,...
"But is it not conceivable that wants may some day be so completely satisfied as to become frozen forever after? Some implications of this case will presently be...
Back in 2002, in the aftermath of the 2000-01 Internet-stock collapse, the New York Post ran a fabulous opinion piece titled "Bearmarket.sued". The op-ed questioned the...
Robert Bartley, the late great editorial page editor at the Wall Street Journal was known to say that his page was one of the few that actually sold newspapers. The same...
Newspaper headlines last week and over the weekend pointed to a vote on Fed Chairman Bernanke's re-nomination that is increasingly dicey. Rather than achieve the...
"Nature recks nothing of intentions, good or bad; the one thing she will not tolerate is disorder, and she is very particular about getting her full pay for any attempt...
While there are varying views as to what tomorrow's unemployment report will reveal, it's generally assumed that the number will be too high. But what's not spoken of...
"What I want to do is to look up C...I call him the Forgotten Man...He is the man who is never thought of. He is the victim of the reformer, social speculator and...
The rush among nominally healthy banks to pay back TARP funds has unsurprisingly generated a great deal of controversy. Commentators and politicians alike are bothered...
With the federal government's measure of unemployment in the double digits, President Obama has unsurprisingly moved job creation to the top of his list of initiatives....
"Without short sellers, ‘there would be no one to criticize and restrain the false optimism that always leads to disaster.'" ~ Bernard Baruch
Amid the difficult...
"Money is nothing but a medium of exchange..." - Ludwig Von Mises, The Theory of Money and Credit, p. 31
By John Tamny
President Obama's arrival in China has...
"For one particular car produced by an American manufacturer, for example, 30 percent of the car's value is due to assembly in Korea, 17.5 percent due to components from...
With the Bureau of Labor Statistics set to announce presumably another dire unemployment figure tomorrow, it's a certainty that politicians from both sides of the...
The 18th century French writer Voltaire once observed that the State is "a device for taking money out of one set of pockets and putting it into another." Voltaire...
In his brilliant 1981 book Reaganomics, economist Bruce Bartlett observed that "to the Keynesians, all tax cuts are the same." Seeking to show why that was not the case,...
In a world full of paradoxes, Princeton economics professor and New York Times columnist Paul Krugman has become rich decrying what he deems "income inequality." Only in...
In a column last week for the Wall Street Journal, former Bush adviser Karl Rove suggested troubles ahead for health care legislation thanks to the Senate's Baucus Bill...
Peter Morici is very correct that the dollar has served as the "reserve central banks hold to back up national currencies", and he's also correct that the amount of the...
Tomorrow the Bureau of Labor Statistics will announce the unemployment rate for September. While economists' projections ahead of the announcement suggest it's going up,...
For those who'd been optimistic that Federal Reserve officials might eventually wake up to the true nature of inflation, last week's FOMC meeting likely dashed all hope....
Last week it was announced that the Federal Reserve would move forward on its plan to police and restrict pay among employees of large financial institutions. At first...
Last September, when investment bank Lehman Brothers' looming failure was said to threaten the broad financial system, Stephens Bank CEO Warren Stephen sent a memo to...