During the recent 16-day partial shutdown of the federal government, the U.S. economy continued to grow, according to this report on a recent survey by the Federal Reserve. In seven of the Fed’s 12 banking districts, growth was moderate and in regions such as Boston the economy continued to expand. Manufacturing was on the…
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The Occupy Wall Street demonstrations are lackluster at best. One troublesome aspect of the whole “movement” concerns the poor economic logic underlying their causes. The occupiers are targeting the wrong enemy when they claim corporate greed and income inequality caused by capitalism is generating the problems in Washington. These claims have been propagated by…
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Imagine a place called Zug where luxury shops abound, government pays its bills, and there are so many jobs that employers sometimes have a hard time finding people to fill them. Imaginary, you say? Zug is not a figment of my imagination. Zug exists. And it is just as prosperous as you can imagine!…
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