The Cynical Economist

Japan launches QE8 as 20-year slump drags on

Japan has launched an eighth round of quantitative easing to weaken the yen and cushion a slide back into recession.

The emerging Obamacare truth is disarray

Obamacare isn’t even in full swing, and at every turn, the program is crumbling. The President’s team is banking on a second term to try and right all of its fiascos but there’s an emerging truth that the scheme is simply unworkable.

Obama: Don’t Worry About $16 Trillion Debt

Not knowing how big the debt was when he took office and not worrying about a level of debt that exceeds the size of the entire U.S. economy does explain why the President’s very own budget would have increased spending—while also showering us with more debt and taxes.