We Tell You What the Government Will Not: You’re Going to Get Poorer This Year

It was September of 2016, and the Obama Administration was having none of the bad economic news. The economy was doing great, we were told, unemployment was way down as the economy recovered from the 2008-9 recession, and everything was peaches but the cream. Trouble is, the American people just didn’t quite believe it: Problem: …

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The Fed Finally Admits It: They Don’t Know What They Are Doing!

The Federal Reserve’s Board of Governors once again raises interest rates to try to fight inflation, but they’ve admitted what people who pay attention to economics already knew: the Board don’t really know what they are doing, or what effects their decisions will have. From The Wall Street Journal: Fed Approves Fourth 0.75-Point Rate Rise, …

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This Year’s “October Surprise”

In his efforts to dial down the inflation rate, one would think that President Joe Biden wouldn’t want to see OPEC cut oil production, decreasing petroleum supplies and thereby increasing prices. But perhaps Mr Biden’s actions have had precisely the opposite effect. From The New York Times: In Rebuke to West, OPEC and Russia Aim …

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How Can Anyone Expect Government Action on the Economy to Work When So Many Politicians Are Economically Ignorant?

As I have previously noted in Welfare for the well-to-do, the economics proposals of the Democrats in the so-called Inflation Reduction Act are those of people who understand virtually nothing about economics. Well, now even The New York Times is noticing what I said ten days ago. Electric Cars Too Costly for Many, Even With …

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Biden Administration Propaganda on the “R” word

When is a recession not a recession? When there’s a Democrat in the White House! The Bureau of Economic Analysis is scheduled to release the first guesstimate of real gross domestic product for the second quarter on Thursday, July 28th; the second guesstimate is scheduled for Thursday, August 25th, and the third for Thursday, September …

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