From the minute the money is spent, government spending slows economic growth. That’s because central planning of resources is central planning of resources. That government spending is an economy-sapping tax requires mention as economists and economic pundits speculate on who will blink first in response to a mindless tariff war, Donald Trump or Xi […]
Xi Jinping May Be An Authoritarian, But He’s Not a Magician Read More »
“Macroeconomics” purpports to break “economies” down to cities, states, and countries. Remember this as economists react with horror to President Trump’s surface, or actual economic ignorance. They rightly disdain his worship of tariffs, but do so without ever bothering to contemplate their own magic, one that presumes to measure the “economies” of cities, states,
“Macroeconomists” Don’t Despise Trump, They Despise “Macroeconomics” Read More »
Gross Domestic Product (GDP) is a worthless number. The previous truth isn’t a defense of Donald Trump after the 0.3% Q1 GDP decline. Instead, it’s a defense of reason that requires the reasonable to routinely point out the ridiculousness of the most cited number in the fraud that is “macroeconomics.” To see why GDP
GDP: A Worthless Number Meets Mindless Economic Policy Read More »
“It took four decades for the top 0.00001% of Americans’ share of total U.S. household wealth to grow from 0.1% in 1982 – when 11 households made up that rarefied group – to 1.2% in 2023.” The previous statistics come from the Wall Street Journal’s Juliet Chung, and are based on an analysis by
As the Wealth of the Top 0.00001 Expands, Watch Opportunity Skyrocket Read More »
President Trump is doing major damage to his presidency. And no, this opinion piece is not about tariffs. Much more economically damaging than tariffs is a falling currency. Gold is at all-time highs, meaning the dollar is at all-time lows. Those closest to President Trump owe him blunt talk about the dollar. This means
No President Can Overcome a Weak Dollar, Trump Included Read More »
History will show that as traditional test scores meant to gauge in-class learning fell in the U.S., so rose the economic prospects of that same U.S. Pundits fail to see this because they view education as some kind of other. It’s not. For background, stop and think about the biggest and best U.S. businesses in
Falling Test Scores Are a Bullish Market Signal of a Better Future Read More »
If there’s production there is money. It’s that simple. “Money” is merely an agreement about value among producers that enables the exchange of actual goods, services, and labor. It’s all a reminder that to focus on money or the “policy” surrounding money is to let one’s mind wander. Production is the policy. Money can’t
No Such Thing As ‘Monetary Policy,’ There’s Just Production Read More »
Jack Kemp (1935-2009) always felt Republicans should do well with minorities and immigrants. He saw the Republicans as the party of opportunity, and felt his message of growth should and would resonate with voters who frequently had less, but wanted more. Not long before he died, and as Barack Obama was on the rise
Minorities Voted For Trump, Trump Owes Them Prosperous Policy Read More »
One of the most powerful drivers of Mexican economic growth is economic activity that takes place outside of Mexico. Specifically, economic activity within the United States. Stop and think about that. The previous truth exists as a thorough rejection of modern economic theory promoted by individuals within the Keynesian, monetarist, and Austrian schools. Mexico
Mexico’s Economy Rejects Keynes, Friedman, & Neo-Miseans Read More »
It’s been said before by many inside and outside of science that so-called “global warming” is a good thing. Usually it’s pointed out that warming associates with more food production, not to mention that cold weather kills more people than hot. Beyond that, what about the simple productivity implications of warming? Assuming it’s man-made
Another Argument for So-Called ‘Global Warming’ As a Driver of Growth Read More »
