Barack Obama is demonstrating just how little he understands basic economics. He believes growing the government at a rapid rate is what causes prosperity, declaring America must “spend our way out of this recession.” He also in recent weeks scolded “fat-cat bankers,” telling them they need to loan more money out in order to get [...]

How much is a trillion dollars? Mathematically it would be expressed with this simple equation: A trillion dollars = $1,000,000,000,000. It takes 12 zeroes to the left of the decimal point to make a trillion. Or in other words, a trillion is a million million dollars. Time magazine tried to put it in perspective this [...]