During his first term, Donald Trump did not do a good job on government spending, writes Dan Mitchell. Instead of draining the …
Common Sense vs. Economics
“Common sense” sounds great, but economic truths are often the opposite of common sense. Donald Trump recently identified the Republican Party as …
Do We Sometimes Just Have to ‘Ignore’ Economists?
There are consequences to ignoring economic reality. Back in August, an article in The Atlantic titled “Sometimes You Just Have to Ignore the Economists” …
Universal Basic Income experiment outcome stunned experts – does it surprise you at all?
The Largest Study Ever on UBI Was Just Conducted—The Results Are Disappointing for Advocates What did people do with the …
In 9 days BRICS will launch a gold-backed alternate world currency. Brace for impact!
BRICS, the acronym for the five original members of the economic summit – Brazil, Russia, India, China, and South Africa …
Will an Increase in the Minimum Wage Give America a Raise? Hmmm…
Princeton economist Alan Blinder says raising the minimum wage would help low-skilled workers. Economic theory shows the exact opposite. By: …
Reagan’s Victory Over Communism
By Dan Mitchell As an economist, I’m very tempted to say that Ronald Reagan‘s greatest achievement was America’s economic rejuvenation. He had …
Can Social Security be Saved?
These days, politicians from both parties are vowing that they won’t touch Social Security. Just one problem: Not touching Social …
Black Monday August 5 – What’s happening to your pension fund?
The Situation: The DOW JONES has been open for 60 seconds and is down -1,058 points pic.twitter.com/OZbddy9RI5 — Ty Coin …
There are now 35 trillion reasons why we need some commonsense in Congress
America’s gross national debt topped $35 trillion for the first time yesterday. Since 2020, the US has now added ~$12T in Federal debt. …
Who needs The Fed?
Manufacturing efficiency always increases, so why doesn’t the purchasing power of our wages go up? Because the Fed increases the …
Those new jobs they brag about? Guess where they’re at…
The jobs numbers are out. The US economy really only added a net 95,000 jobs in June… …until that number …
The American consumer is giving up. Tapped. Out of cash.
The 3 Drivers of US Consumers Hit a Wall The American consumer is giving up. Tapped. Out of cash. So …
The Looming Fiscal Crisis
More than 13 years ago, when many European nations were rocked by fiscal crisis, I speculated about which nation would be the next …
Economics Humor
by Dan Mitchell, reproduced with permission. Original here. Economists may be dismal (or worse). And they definitely are lousy forecasters. But the subject …
A TikToker (Accidentally) Explains Modern Monetary Theory
Thanks to Jon Miltimore, Editor at Large of FEE.org at the Foundation for Economic Education. Reproduced with permission. If you …
In One Story, Everything You Need to Know About Washington Waste and Incompetence
The burden of government is expanding because of Joe Biden’s three most-notable legislative “accomplishments.” Today, let’s focus on the third item so …
Will Trump support this radical tax change to protect American small businesses?
There should be no corporate tax for small businesses that employ only American citizens or legal residents There is an …
Should the US Congress Audit the Federal Reserve?
The Federal Reserve system, including its twelve regional district banks that issue our US currency, is a creature of Congress, …
Inflation ticked up in February – How bad is it?
Consumer inflation ticked up 0.4 percent in February to an annual rate of 3.2 percent amid a jump in oil, …
The Government is lying in plain sight here…
Blah, blah, blah… WASHINGTON (AP) — America’s employers delivered another healthy month of hiring in February, adding a surprising 275,000 …
Pathetic Bias from the Washington Post
Every so often, I can’t resist pointing out extreme examples of media bias. Washington Post New York Times Reuters Time ABC Associated …
The Practical Case Against Higher Taxes
As clearly shown by the Congressional Budget Office, America’s long-run fiscal challenge is an ever-growing burden of federal spending. Particularly entitlement programs. Moreover, because the …
Remember how America used to be wealthy? This needs to happen to get back to that.
Both chambers of Congress are locked in fierce battles over spending legislation. A “supplemental” package has found bipartisan support in the Senate …
It’s Time for Congress to Open Ivy League’s Books
https://www.tabletmag.com/sections/news/articles/congress-open-harvard-books Rep. Kevin Kiley (R-CA) cited our findings during his floor speech to the House of Representatives: Last week the presidents …
Only econ nerds will be interested in this free book…
I was stumble around the internet and found this interesting free downloadable book which reviews the notion of central banking …
These signs are red warning lights flashing on U.S. economy!
As 2023 is winding down to a close, the U.S. trade in goods deficit with the world is down $101 …
Did Joe Biden just destroy the last chance to make peace with China and escalate the US economic collapse?
Biden was unwisely allowed to handle a solo news conference following four hours of carefully planned talks with Chinese premier …
Government Debt – It’s different this time because of new factor
11.7.23: We’re about six weeks into fiscal year 2024, but if this year looks anything like last year, we can …
Bidenomics is taking its toll on Biden 2024
Drops in inflation-adjusted compensation and wages preceded the losses of Harry Truman in 1952, who opted not to run, Gerald Ford in …