Nearly Half of Americans Have Zero Savings

According to a new chart from Deutsche Bank’s Torsten Sløk, 47% of Americans save absolutely none of their income. This statistic has not changed much actually in the past few years. And the average saving rate in the United States, which began a precipitous decline in the 1980s, has started declining again after a short bump in 2012: The falling saving rate is a worrying trend. A low stock of savings increases vulnerability to economic shocks. Expansionary economic policy has helped invigorate Read more […]

Federal Reserve Blames Stagnant Economy on Money “Hoarding”

Inflation is not as high as it “should” be. In spite of the fact that the Federal Reserve has pumped $4.5 trillion dollars of non-existent money into the economy and has held its interest rates at zero percent for six years, money just isn’t moving around much. And the Federal Reserve thinks it knows why: Banks have put away close to $2.8 trillion in reserves, and households are sitting on $2.15 trillion in savings—about a 50 percent increase over the past five years. “So why did the Read more […]

Rejecting Obamacare Forces Healthcare Prices Way Down In Oklahoma

While Obamacare attempts to take control of the healthcare industry, there are doctors around the country who are bucking the trend and offering their own free market solutions to healthcare socialism. What ends up happening is that healthcare costs are driven down dramatically, and the patient and insurance company pay far less than if these patients had gone to a traditional hospital. The Surgery Center of Oklahoma was started about 16 years ago by a couple of disillusioned doctors fed up with Read more […]