If you’re to any degree a news-watcher, right about now the words “corporate jets” are ringing in your ears… In the few minutes I spent watching the President’s Wednesday news conference I heard “corporate jets” easily a half-dozen times… Over the past 24 hours “corporate jets” has become the talking point for the gang of [...]

Prior to the Euro, lending to Greece earned you an eye-popping 18% – that is if it could ever pay you back… Of course the high interest rate was due to its lack of creditworthiness… Upon entering the Eurozone, the same country (same economy, same stupidity) suddenly got to borrow at 4%… So of course [...]

John Maynard Keynes (1886-1946) was the British economist who literally wrote the book (The General Theory of Employment, Interest and Money) on modern macroeconomics.  His theory, which presently dominates U.S. economic policy, holds that; Private sector decisions sometimes lead to inefficient macroeconomic outcomes and therefore advocates active policy responses by the public sector, including monetary [...]

The 1975 Energy Policy and Conservation Act (EPCA) states that the Strategic Petroleum Reserve (SPR) is to be tapped only in the event of a severe supply disruption…  I don’t know about you but I’ve yet to meet a gas pump unwilling to trade a tank full of fuel for a swipe of my credit [...]