August 12, 2022

Welcome to the full employment recession

The economy has just seen two successive quarters of negative growth in Gross Domestic Product (GDP).  That means we are in a recession.  However, since the unemployment rate is at a full employment level and since the economy con...

June 21, 2022

Yellen is wrong again

A couple of weeks ago, Secretary of the Treasury Janet Yellen admitted she was wrong last year when she said the inflation experienced back them was temporary or transitory.  Recently she said that a recession was not inevitable.  She is wr...

April 6, 2022

The numbers indicate a coming recession

The Bureau of Labor Statistics just released its jobs report for March.  It said total employment increased by 431,000.  That means that for the first quarter of this year, about 1.6 million jobs were added.  Although mo...

December 29, 2021

2022: More growth, much more inflation, much higher interest rates

When the final numbers for 2021 are in, we are likely to see that annual growth was 5.5%  and the unemployment rate fell to near 4%.  While that is very good, there was a  problem with inflation.  For the year,...

December 13, 2021

Build Back Better and inflation

President Biden is urging the Senate to pass the Build Back Better (BBB) massive spending bill that has already passed in the House.  Biden claims that the bill will not increase the deficit and will reduce inflation.  The Congres...

May 30, 2021

Biden’s Budget is One More Biden Blunder

Aside from the blunders President Biden has made concerning the border crisis, energy policy, and foreign policy, his biggest blunders are on economic policy.  Based on his latest budget proposal, he is trying to commit his biggest blunder. B...

March 16, 2021

Hooray! The Government is Handing out Free Money

If you and your spouse had income of $150,000 or less last year, you are about to receive another windfall from the Federal government.  It will be $5,600, counting the free money for your two kids, your wife and you.  It doesn’t matt...

February 12, 2021

Biden's Misery Index

In the late 1970s, the U.S. experienced an economic condition known as stagflation.  This meant the economy was not growing, yet prices were rapidly rising.  One measure of just how bad things were was the Misery Index. This was found by ad...

January 1, 2021

What AG Barr’s Departure Means for Google

Attorney General William Barr’s December 23 resignation caught many in the tech accountability movement by surprise.   Barr was a driving force behind the Justice Department's landmark Google antitrust ...

November 22, 2020

The left snookered us, but this time it's far worse

To my memory, the word "snooker" was used to define politicians starting with President Bill Clinton, although many may argue that almost all politicians tend to snooker the public.  But looking at Bill Clinton, Barack Obama, Hill...

August 8, 2020

Congress' antitrust hearing showed that Big Tech has a theft problem

Congress held an antitrust hearing on the predatory actions of the nation's largest tech firms last week.  It demonstrated to the American public what they already instinctively knew was true: that the Big Tech cartels are out...

January 21, 2020

The China trade deal is a huge win

President Trump has just signed the first part of a new trade deal with China.  While the complexity of the U.S.-China relationship makes complete deals very difficult, this deal is a monumental first step toward free and fair trade. ...

November 1, 2019

The Fed finally gets it right

For the third time in four months, the Federal Reserve (Fed) has cut the federal funds rate by one quarter of a percent.  Fed chair Jerome Powell indicated that the current level of interest rates is probably right and that no further actio...

October 13, 2019

Today's liberals are not Progressives, but Regressives

The time between 1890 and 1920 was known as the Progressive Era.  It was a time when Americans demanded responses to a number of economic and social problems.  These problems were brought about by the transformative Industrial Rev...

June 11, 2019

Labor Department data came out weak, but is the economy slowing?

Last Friday, the Labor Department released employment figures for the month of May.  The numbers were somewhat disappointing.  Many economists are suggesting that these data mean that the economy is slowing down.  Some s...

April 12, 2019

Dems and GOP on health care: Different priorities means no agreement

The debate about crafting a health care policy that reaches all of its goals shows wide differences between the two parties.  In 2010, the Affordable Care Act (ACA) was passed without one vote from the GOP in either the House of the Senate....

March 31, 2019

Big Music's antitrust meddling could mess up how you listen

The old joke in economic circles is that antitrust law — first popularized by the William H. Taft and Theodore Roosevelt administrations over a century ago — brings people together. Compare the content generated by center-right groups ...

March 22, 2019

Abolishing the Electoral College Is Unconstitutional and Wrong

Recently, Elizabeth Warren and a number of other Democratic candidates for president have suggested that the Electoral College be abolished.  Right now, a candidate for president must win a majority of Electoral College votes regardless of the o...

February 14, 2019

Reject the Democrats' High Taxes

Recently a number of Democrats have called for a complete government takeover of our health care system.  Since Americans currently spend almost $350 billion annually on health care, this would result in the government directly controlling anoth...

February 3, 2019

Economic Prosperity Will End Calls for Socialism

Newly elected Congresswoman Alexandria Ocasio-Cortez wants a number of laws changed that will ultimately redistribute income away from people who earned it and toward people who haven’t earned it.  She says it is simply unfair that some pe...

January 11, 2019

Where Have the (Bill) Clinton Democrats Gone?

There are many independents who normally lean toward the Democratic Party, but who are now voting Republican simply because the Democrats have strayed too far from their historical norm.  While much of today’s Democratic Party is leanin...

November 16, 2018

The Democrats' Real Priority

In January 2009 Barack Obama was sworn in as president.  At the time, the U.S. was in the midst of a severe recession.  The top priority for government economic policy should have been economic growth. Growth would quickly end the recession...

July 18, 2018

Today's anger comes from nearly two decades of economic stagnation

The level of anger that Americans have toward each other was on  clear national display during the Peter Strzok testimony late last week.  It showed a level of anger toward the opposing view that is dangerous to the success of the...