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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago