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 …
The Fed: “We’re gonna need a big graph”
Once upon a time the Fed made profits and sent those profits to the US Treasury. It was usually billions …
No, We Cannot Afford to Fund Yet Another War
In a 60 Minutes interview over the weekend, host Scott Pelley asked President Joe Biden, “Are the wars in Israel …
Bidenomics Grade: F
HOW IT STARTED Move over, Reaganomics. President Joe Biden is attempting to usher in the era of “Bidenomics.” This economic …
Why China’s Electric Vehicle Subsidies Failed
China’s massive government subsidies of electric vehicles has been a disaster yet the Biden Administration is adopting the same failed …
RECESSION SIGNAL: WATCH TEMP JOBS
The prevailing orthodoxy among many observers of the economy right now is that the job market remains tight, and therefore …
Don’t believe Biden on inflation – Here’s the truth
ECONOMYNEWS ‘Very Little Keeping Down Prices Going Forward,’ Economist Says After Inflation Report Released An economist says “[a]s long as the Treasury …
What does the US credit downgrade mean?
Summary: Fitch Ratings downgraded the U.S. government’s credit rating from “AAA” to “AA+” on Tuesday, a signal that the agency no longer has …
Poland’s Recovery from Socialism
I was surprised to learn last year that Poland’s economy has out-performed China’s economy over the past three decades. Given the way free …
The Government versus the People, Kamala Harris Version
It is no surprise to libertarians that what is in the interest of the government might not be in the …
Inflation down but we’re sure not out of the woods yet
Inflation over the past 12 months has crashed to 3 percent in June according to the latest data from the Bureau …