There’s production and nothing else, with government spending, government borrowing, money in circulation, and interest rate levels an effect of the production… Continue reading on Forbes.
The Fed Isn’t Independent, It Never Was, and It Doesn’t Matter Read More »
Scholars at Brookings, Cato, Hoover, along with adjacent pundits, have been promising a “crisis” related to the national debt for decades. Despite so many of the wise so routinely and confidently predicting terrible things in the “future,” the value of Treasury income streams has conistently risen alongside increasingly alarmist rhetoric. Whom to believe: the
There Is a Debt Crisis, But It’s Unseen and Not Even Discussed Read More »
The national debt will continue to soar. Bank on it. See Holman Jenkins’s column from last week for evidence. He wrote in the Wall Street Journal that “The U.S. won’t deal with its looming debt problem except with ad hockery – inflation, spending cuts, tax hikes, de facto claw-backs of government benefits via waiting lists and declining service
National Debt Solutions That Don’t Address Why There’s Debt Read More »
The central bank is just not that important. We insult the U.S. economic engine when we pretend that it is. Continue reading on Forbes.
Warsh Will Soon Realize That Powell Was Never Vy. Powerful Read More »
The Federal Reserve is a full employment act for economists, both inside the central bank and outside of it. Please keep this in mind amid all the debates about what the Fed will do, how independent it is or not, along with its alleged meaning of the economic outlook… Continue reading on Forbes.
The Fed Was Never Steering the Ship. Evidence? The Growth Read More »
President Trump is happily overstepping the naivete that informs so much economic commentary. While the experts continue to look to the Federal Reserve to bring down prices via the tweaking of interest rates, Trump wisely chose to provide reciprocal tariff relief for so-called “unavailable natural resources,” e.g., agricultural products that cannot be grown at commercial scale
With Tariffs and Trade, the Trump Administration Takes a Positive Step Read More »
U.S. Postal Service workers used to be able to afford Manhattan’s Upper East Side. When a young Lee Harvey Oswald moved with his mother Marguerite to New York City in 1952, they lived for a time with Marguerite’s postman son, Lee Harvey’s half-brother, on East 92nd Street. The oddity of a postman living where
Jensen Huang Will Do For Affordability What Zohran Mamdani Can’t Read More »
The rich prosper only insofar as the poor and middle see their earnings and living standards soar. This is important to remember as economists and pundits waste a lot of time promoting the impossibility that is a “K-Shaped” economy. The claim from the deep in thought is that the rising stock market is lining
There’s No Such Thing As a K-Shaped Economy Read More »
Don’t trust economists to manage the economy. Read the musings of Fed Governor Steven Miran if you’re skeptical. Except that we’re getting ahead of ourselves. Before contemplating Miran and his odd musings about economic growth and inflation, it’s useful to reference a recent opinion piece by George Will at the Washington Post. In “363 miles that transformed
Steven Miran Is Why We Can’t Trust Economists With the Economy Read More »
Capital flows to where it’s treated well. Remember this amid President Trump’s endless jawboning of Jerome Powell. According to Trump, along with his various cheerleaders inside and outside the administration, the Fed’s failure to lower its funds rate is what is holding back an even bigger boom. If you deduce from this that it’s
If Trump Economy Is “Booming,” Then It Doesn’t Need The Fed Read More »
