Is the US Economy Really In a Full Recovery?

In another exercise in self-fulfilling prophecies, economists told the US economy that it was in full recovery, and the news jolted the stock market into another temporary jump: The US economy grew at a sizzling 5 percent annual rate last quarter, the fastest since 2003, fueled by consumer and business spending. The surge confirmed that the U.S. economy is steadily strengthening and outshining others around the world. The news helped lift the Dow Jones industrial average above 18,000 for the Read more […]

US No Longer in Top 10 of Most Economically Free Countries

The Wall Street Journal and the Heritage Foundation released their 2014 Index of Economic Freedom, and, unsurprising to most of us, the United States has dropped out of the top ten most economically free countries. This is due in part to our escalating economic regulations and out-of-control debt, but it also has to do with growing freedoms in other parts of the world. The Wall Street Journal reports: The most improved players are in Eastern Europe, including Estonia, Lithuania and the Czech Republic. Read more […]