by Jane Richey | Jun 12, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
Some Federal Reserve Bank presidents and governors are talking about the possibility of further action to encourage growth in the economy. What planet are they on? Fed action can only influence nominal variables at this point in the cycle — not real variables such as...
by Jane Richey | Jun 12, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets, Politics
The recent recession wiped out nearly two decades of Americans’ wealth, according to government data released Monday, with middle-class families bearing the brunt of the decline. The Federal Reserve said the median net worth of families plunged by 39 percent in just...
by Jane Richey | Jun 12, 2012 | Constitutionally Limited Goverment, Free Markets
The natural gas market has been transformed by the rapid expansion of shale gas production. A dozen years ago, shale gas amounted to only about 2 percent of United States production. Today, it is 37 percent and rising. Natural gas is in such ample supply...
by Jane Richey | Jun 12, 2012 | Fiscal Responsibility, Free Markets
A new proposal by Gov. Tom Corbett to give a long-term $1.7 billion state tax break for a planned Marcellus Shale gas petrochemical refinery in southwestern Pennsylvania is a late-emerging issue in the state budget debate. The tax credit proposal for a $4 billion...
by Jane Richey | Jun 11, 2012 | Free Markets
Exelon operates three nuclear power plants in Pennsylvania as well as coal, natural gas and renewable energy plants. But the drop in natural gas prices has prompted the company to alter course and lobby against alternative fuels. Since the Chicago-based...
by Jane Richey | Jun 11, 2012 | Constitutionally Limited Goverment, Free Markets
Lawmakers briefed on Gov. Tom Corbett’s package of financial incentives for a planned petrochemical refinery in western Pennsylvania said Friday that it could also include the cost to clean up pollution from the zinc smelter that has operated there for decades....
