It is difficult to strike a balance between regulation that is harmful to business and regulation that serves the greater good. Environmental regulations are a case in point. In recent years a number of businesses have moved their manufacturing oper...
Workers began gaining a degree of power in the 1930s when Congress passed legislation that guaranteed their right to bargain collectively and established a minimum wage. In the decades that followed American workers continued to strengthen their pos...
When the economy began to slow at the start of the new millennium, the Federal Reserve employed another policy used to control the economy, adjusting the federal funds rates. The Federal Reserve is an independent body appointed by the president with...
It is much harder for any national government to control and affect the behavior of their national economy given the trend toward globalization. Their fate is interrelated with people all over the world. Many Americans fear that globalization is dam...
In 1998 revenues from taxes equaled expenditures and the United States had a balanced budget for the first time since 1969. Only a small portion of the federal budget is really discretionary. When the country is in a deficit rather than a surplus si...
Government maintained a hands-off policy toward business and the economy for much of its early history. But in the early part of the 20th century it became more involved, breaking up trusts and establishing the Federal Reserve as the central bank fo...
One of the most important changes in business and political world in the last few decades has been the growing sense that the market is best system for equitably distributing the benefits of society. Several industries like trucking, financial servi...
One of the ways that government stabilizes the economy is through its fiscal policy, the amount of money it spends in comparison to the taxes it collects. Although no one likes taxes, the U. S. is one of the least taxed countries in the western worl...