Fiscal process often misunderstood

U.S presidents do not have the authority to spend money from the federal Treasury. That is primarily a congressional function. Keep that in mind as presidential candidates from any party tout what they will do if elected. History shows us…






Separating economic myth from history

International economic relations seem in disarray right now, and there is no consensus on how they might be improved. In such a situation, history often beats economic theory as a source of insights. Philosopher George Santayana’s 1905 assertion that “those…