U.S. Economy
-
Inflation soars in June. It is time for the FED to act. Now!
The Bureau of Labor Statistics just announced. That consumer prices increased by a whopping .9% in June. That means since June 2020…
Read More » -
June Jobs Report Points to a Rapidly Growing Economy
The Bureau of Labor Statistics (BLS) recently announced that 850,000 jobs were created in June. The unemployment rate was 5.9%. This figure…
Read More » -
Economists Deeply Divided When Asked About Future Inflation
Because of obvious uncertainty. forecasting future activity is always tricky. Usually, forecasters look to the past, noting previous outcomes when…
Read More » -
Tepid Job Growth in May Could Lead to Wage Inflation
The Bureau of Labor Statistics reported that 559,000 jobs were added in May. Considering there are about 8 million job…
Read More » -
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…
Read More » -
Fed Must Act Now: Inflation Psychology Is Building.
Since January, the inflation rate has been almost 6%. The rate has been around 2% or so for the last…
Read More » -
President Biden’s disastrous first four months
To his supporters, President Biden is doing a great job. To the rest of us, policies in his first four…
Read More » -
Inflation in April skyrockets. And it will get worse.
In spite of the somewhat positive spin that the media is trying to put on the recently released inflation rate…
Read More » -
Fed’s Miscalculation of Inflation Could Be Very Costly Next Year
The Federal Reserve (Fed) continues to say that the sharp rise in the inflation rate is temporary. Inflation will subside…
Read More » -
Opinion
GDP Growth Rate Shows Biden’s Spending Plans Will Overstimulate the Economy
The Commerce Department just released their estimate for economic growth in the first quarter of this year. GDP increased by…
Read More » -
The Economy Is Set to Take Off. Inflation Will Be a Major Problem.
Although there has recently been an increase in the number of COVID-19 cases, the administered vaccines should reach 70% of…
Read More » -
Money & The Economy
March jobs numbers show that more stimulus may overheat the economy
Just released data by the Labor Department shows that more than 916,000 jobs were added in March. That means of…
Read More » -
Money & The Economy
Yellen and Powell Are Wrong: No More Stimulus Is Needed.
Recently, both Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen said that although the economy is forecast by…
Read More » -
Modern Monetary Theory Is Wrong: Inflation Is Coming
Many economists and much of the public are beginning to worry about the massive increase in the money supply and…
Read More » -
Money & The Economy
Biden Is Pushing His Robin Hood Government Income Transfer Too Far
In our Democracy (technically a Constitutional Republic), the government has essentially two roles: One is to provide public goods, and…
Read More »