Michael T. Darda

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Politics & Policy

Tax and Trade Insanity

Seventy-seven years ago, members of Congress erected a tariff wall aimed at protecting American business concerns. The result was a stock market crash followed by drastic retaliatory tariffs and a ...
Politics & Policy

Recession-Risk Redux

Scarcely a day goes by without intense media coverage of the potential fallout from the “housing bubble,” the deleterious impact of past Fed rate hikes, or the lingering effects of ...
Politics & Policy


Despite subtractions from trade and inventories, real gross domestic product for the first quarter of 2006 advanced at a robust 4.8 percent annual rate, defying the naysaying negativists once again. ...
Politics & Policy

Crude Realities

With crude oil rising above $75 a barrel last week and the Federal Reserve having lifted the federal funds rate 3.75 percentage points during the last two years, many economists ...