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The Automobile in Our Economy

The automobile has long played a pivotal role in the history of our nation’s economy. A former chairman of General Motors once said, “What is good for GM is good…

Housing Bubble 2004

We hear plenty of speculation today about a housing bubble on the horizon, leading to fears of an imminent housing price crash. Yet, the continued boom in housing prices does…

Economic Efficiency or Economic Justice?

Consumers are spending and business is beginning to ramp up its investment engines. Anything above a 4% growth rate is exhausting for business—capacity is exhausted, inventories are exhausted, more employees…

Interest Rate Changes

Is there a more anticipated, and perhaps dreaded, non-event than this Federal Reserve interest rate hike. It reminds me of a child’s dental appointments. The event ends up being less…