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 …
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 …
What’s Wrong and What’s Right With Debt Ceiling Deal
President Joe Biden and Speaker Kevin McCarthy, R-Calif., announced a debt limit deal Saturday, with a vote expected Wednesday in the House of …
How to Make Sure the Housing Shortage Worsens
Failed attempts to implement rent control remind us there is really only one way to lower housing prices when there …
Are Food and Energy Excluded from Inflation Measures?
This week for Ask an Economist, I have another question from Dr. Overfield. His question is: “I would like to …
California says “screw it” and defaults
“The state should have taken care of the loans with the COVID money it received from the government in 2021,” …
The case for abolishing the minimum wage
Eighteen states impose minimum wages higher than the federal minimum of $7.25 an hour. Among the states, California’s $12 an …
You won’t believe how much interest is owed on the National Debt!
Gross interest owed on the $31.4 trillion national debt—that is, interest owed on both the $24.9 trillion publicly traded debt and …
HAPPENING: The Collapse of the Dollar Empire
The Soviet empire started to crumble around 1989. The time period between the forming of the North Atlantic Treaty Organization …
Economic Issues Are Causing Major Voting Bloc to Abandon Democrats
New data shows Black voters are moving to the right at the margins – and the economy under President Biden …
Biden is all wrong on the economy because sugar-high Keynes is wrong
by Dan Mitchell While speaking last week at the Acton Institute in Michigan, I responded to a question about the perpetual motion machine of Keynesian …
Yellen throws Biden Policy under the bus
Treasury Secretary Janet Yellen admits – in a squirrely way – that Biden’s two trillion in deficit spending is at …
Massie’s Science/Economics Class
A simple demonstration using iced tea reveals how printing currency erodes the value of a dollar and brings about inflation. …
2023 Bank Crisis: Where depositors are hostages
Despite taking action to put Silicon Valley Bank and Signature Bank into receivership under provisions of federal law in the …