Richard Benson

Contributor since: 26 Feb 2010

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• How Much Will Government Bailouts Actually Cost the American Taxpayer?

  Published 11 August 2008 | viewed 3,784 times

  Over the last eight years, we have watched in horror as a two-term Republican Administration furthered programs that have effectively thrown lit sticks of dynamite…

• US Tax Revenues Go Missing

  Published 30 July 2008 | viewed 4,158 times

  For this article, I will examine what is going to happen to the deficit because of Federal tax revenues. In future articles, we will take…

• Is Your Money Safe?

  Published 15 July 2008 | viewed 5,867 times

  Clearly, individual investors should have been asking whether their money was safe time and time again over the past year, rather than listening to the…

• With Inflation, There's No Free Lunch

  Published 12 June 2008 | viewed 3,686 times

  If Americans feel they are being pick-pocketed by inflation, they should take a look overseas. With the United States pushing its trade deficit and dollars…

• The Fed's Medicine Is Toxic

  Published 27 May 2008 | viewed 3,777 times

  In medicine, good ethics go as far back as ancient Greek culture. Part of the Hippocratic Oath translates to say..........."I will prescribe regimens for the…

• Tax Rebates Mean Blood in the Shark-Infested Water

  Published 08 May 2008 | viewed 3,663 times

  The government rebates are coming: Quick, hide from the bill collectors! Creditors and debt collectors alike can smell the money a mile away, and they're…

• The Economy's Summer Holiday Has Already Begun

  Published 08 April 2008 | viewed 4,584 times

  Memorial Day is still seven weeks away but economically the summer doldrums have already begun in many parts of the country. Over nine hundred thousand…

• The Magic Mirror Economy

  Published 13 March 2008 | viewed 4,116 times

  No one can ever be too rich, too thin, or too beautiful. We would all like to look into a mirror that tells us that.…

• Liquidity Looked in the Mirror but Insolvency Stared Back

  Published 08 February 2008 | viewed 4,565 times

  We continue to read articles in the financial press and elsewhere by widely-respected mainstream economists who have a tendency to quote mindlessly from Keynes' masterpiece…

• An Economic Heart Attack Brought On By Sugar And Fat

  Published 22 January 2008 | viewed 3,139 times

  The other day I was frankly stunned to see President Bush in a panic. He was flanked by the Secretary of the Treasury and the…

• The Economy's Last Hurrah Before That Big Sucking Sound

  Published 06 December 2007 | viewed 6,839 times

  As 2007 wounds down, it's time to reflect on how bogus government statistics along with Wall Street media hype have impacted the psychology and perception…

• When Crumbling Credit Meets Deadly Leverage

  Published 26 October 2007 | viewed 4,835 times

  If our country's debt problems in the private sector were simply limited to the $1.5 trillion of subprime mortgages that needed to be repaid, restructured…

• The Recession is Here

  Published 14 September 2007 | viewed 5,977 times

  You don't have to be Sherlock Holmes to see the signs of a recession bursting through in economic data, particularly in the August Employment Report.…

• Swim with the Sharks but Risk Being Eaten Alive

  Published 26 July 2007 | viewed 5,238 times

  Private companies that lend their own money are generally very careful with their loan underwriting, and they know how to collect the money they lend.…

• Independence Day is Here, but Not for Many Americans

  Published 03 July 2007 | viewed 5,307 times

  America may be referred to as the "Home of the Brave" because when the bills arrive it takes a lot of courage to open them…

• How the Government Creates Jobs

  Published 25 May 2007 | viewed 4,512 times

  Our elected officials and Wall Street executives all have a vested interest in keeping the perception of a robust economy alive. The employment data announced…

• Inflation and the Ironic Productivity Tax

  Published 29 March 2007 | viewed 4,292 times

  Man is such a lucky creature because machines do all of our work. Our economy and prosperity stand on the shoulders of the geniuses who…

• Subprime Titanic Hits Iceberg: Wall Street Abandons Ship

  Published 22 February 2007 | viewed 8,189 times

  On April 14, 1912, the mighty Titanic hit an iceberg and the ship's fate was sealed in just over 2 hours and 40 minutes. The…

• The Dollar Dam is Breaking

  Published 01 December 2006 | viewed 13,447 times

  Treasury Secretary, Henry M. Paulson, is rushing off to China next month and will lead a delegation to Beijing for the inaugural meeting of the…

• When the Home Equity Cookie Jar is Empty

  Published 10 November 2006 | viewed 5,001 times

  My first experience with a mob of American children was a job I had working in my hometown park while in high school. At one…