How to Safely Scale Down the Fiscal Cliff

How to Safely Scale Down the Fiscal Cliff

Pundits pounced earlier this year when Federal Reserve Chairman Ben Bernanke warned that the country will face a “massive fiscal cliff” at the beginning of 2013. It seemed we had to extend the Bush tax cuts — or else. Lost in these arguments is what...
Washington, Are You Listening?

Washington, Are You Listening?

Patrick Pylvainen grew up in a small town outside Minneapolis. The Minnesotan college student has seven siblings, so he borrows money for his tuition — Stafford loans from the federal government, plus loans from private banks that require interest payments while...
Steering Clear of the Iceberg Ahead

Steering Clear of the Iceberg Ahead

“Doomsday!” “Taxmageddon!” “Catastrophe!” Next year will begin with both a bang and a whimper unless Congress can escape its apparently hopeless deadlock. Unless our lawmakers get their act together, there will be the equivalent of...
Economic Rapture Might Be around the Corner

Economic Rapture Might Be around the Corner

It’s January 25, 2001, the first week of the Bush presidency and more than half a year before the September 11 attacks. Federal Reserve Chairman Alan Greenspan testifies before the Senate Budget Committee, asserting: “If current policies remain in place,...