As millions of students and their parents are preparing for life after commencement, they’re also preparing to deal with massive student loans. Increasingly, people are concerned about the student debt situation brewing on college campuses. The present state of student debt is not a pretty picture. According to a report published by the New York [...]
Author Archive for Dr. Shawn Ritenour
Dr. Shawn Ritenour is a professor of economics at Grove City College, contributor to The Center for Vision & Values, and author of "Foundations of Economics: A Christian View."
The U.S. Bureau of Economic Analysis (BEA) has just announced that GDP grew at a rate of 2 percent during the last three months. Keynesians like Paul Krugman should be happy, and the so-called “market monetarists” like Scott Sumner should be happy. When we mistake GDP for the economy, a 2 percent quarterly growth rate [...]
Thomson Reuters’ latest survey of Wall Street analysts’ expectations about next quarter’s corporate earnings has prompted some to wonder whether the canary in the coal mine is beginning to feel lightheaded. According to the Wall Street Journal, those in the know are expecting decreased earnings in the third quarter, the first quarterly decline since the [...]
That is the question asked by the left-leaning Christian organization, Sojourners, in its campaign of the same name. It is a most appropriate question given the battle over the budget and given this time of year, not long after the most holy holiday of the year for Christians. Sojourners claims that, despite record budget deficits [...]
By the time you read this, there’s a good chance that Federal Reserve Chairman Ben Bernanke will have held the Fed’s first press conference following a meeting of the Federal Open Market Committee—the Fed committee that controls monetary policy. Leading up to this historic moment, the popular press has repeated a well-rehearsed rhetorical dance as [...]
Defenders of the Federal Reserve have been out in force recently declaring the triumph of Money Printing 2, James Grant’s suggested more truthful term for “quantitative easing.” Some pundits point to an 18-percent increase in the S&P 500 since last August, when the Fed’s policy was announced. They also laud a significant increase in inflation [...]