Uncertainty can undermine the best intensions of economic policy-makers. This notion arises in a recent opinion piece in The Wall Street Journal by businessman Charles R Schwab (yes, THE Charles Schwab).  Schwab commented on the Federal Reserve policy of holding interest rates low and near zero.  By using this strategy, he argues, the Fed prevents [...]

Thursday evening Sept 30th under auspices of Pinnacle Financial Partners (a Middle Tennessee bank), Cumberland University hosted a speech by economist Arthur Laffer.  Laffer is best known as an economist who helped shape economic policy of the Ronald Reagan administration (1980-1988). Laffer is a conservative and his remarks dealt as much with politics as with [...]

Unemployment of the American labor force is nearly 10 percent of those who are working or seeking jobs.  Most economists feel that the economy is not performing at it’s best unless that unemployment rate is 4-5 percent. Gross Domestic Product is stagnated and unable to support creation of  jobs badly needed to lower the  10 [...]