Monthly Archives: August 2011

Welcome to Stagflation

Stagflation is a term that became common in the US in the 1970s when inflation was rising significantly while economic growth was slow. As best we can tell the term stagflation was first used in Britain in 1965. It was first used in the US when President Nixon imposed wage and price controls in August…

High Court Rules ObamaCare Mandate Unconstitutional

On Friday August 12, a bipartisan three-judge panel of the U.S. Eleventh Circuit Court of Appeals in Atlanta ruled that the “individual mandate” to purchase health insurance in the Patient Protection and Affordable Care Act (PPACA), also known as ObamaCare, is unconstitutional.  The carefully worded and thorough 300+ page set of opinions may be a…