U.S. Economy
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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The 4 Basic Principles That Will Lead America Back to Prosperity
In his first three weeks in office, President Biden has shown Americans what his economic policy intentions are. In each…
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The economy tanked last year. What will happen this year?
Recently released data from the US Department of Commerce indicates that GDP declined by 3.5% last year. That is the worst…
Read More » - Money & The Economy
December jobs report show that the second stimulus was too little and too late
The Labor Department’s recently released jobs report shows that the economy lost 140,000 jobs in December. That is the first month since…
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