"There are more things in Heaven and Earth, Horatio, than are dreamt of in your philosophy."
President Biden is often angry these days. He must be increasingly desperate as his policies fail and his poll numbers sink. Nevertheless, no matter how low his approval ratings, Ex-President … Read More
Ever since the Great Depression of the 1930s, Democrats have been disparaging government support for the supply side of the economy. The supply side is that part of the economy … Read More
As has been widely noted, the Inflation Reduction Act of 2022 has nothing to do with inflation. At least, not directly. However, this act’s nonlinear effects on the economy will … Read More
We need to look around our world periodically to see what works for societies, and what does not. I started to do this, using statistics from a variety of sources, … Read More
For a variety of reasons, the rapid meltdown of the U.S. economy we are now experiencing will likely be far worse than anything experienced in living memory. The closest example … Read More
President Joe Biden has become a major liability for the Democratic Party. Or rather, since it seems probable that Biden is merely a manipulated puppet, perhaps other members of his … Read More
Over the past year, I have repeatedly bashed progressive Democrats and Biden’s administration. Since progressive Democrats are now in power, this focus has been quite natural. However, widely available evidence … Read More
I have not updated the leading and coincident economic indicators I have been following for approximately seven months. They have now been updated up to October-November 2021. Having waited that … Read More
I have just updated the leading and coincident economic indicators I am following, the first update I have done in a year. The last year has been extremely crazy economically. Every time I thought about … Read More
Progressives never tire of promoting the Iron Law of Wages. First promulgated by Thomas Malthus and David Ricardo in the early 19th century, the Iron Law is touted by the … Read More
Already, many who voted for Joe Biden for President of the United States are exhibiting buyer’s remorse. Some in the Bernie Sanders wing of the Democratic Party regret supporting Biden’s … Read More
In June, 2016 and September, 2018, I wrote posts that compared the economies of all countries on Earth for which data was available. My purpose was to examine which of … Read More
The worldwide pandemic of COVID-19 has replaced the trade war with China as the dominant influence on the U.S. economy. Coronavirus lockdowns are destroying the economy. Not that the pandemic … Read More
Trade war with China has created great corporate uncertainties about the international supply chains of U.S. companies. These uncertainties have caused American companies to pull back from investments to produce … Read More
American progressives have a real problem. Somehow, they must figure out how to finance the huge new social programs they would like to impose on us. Lately, a number of … Read More
Time evolution of the Atlanta Federal Reserve’s GDPNow estimate for Q2 GDP growth, as of May 31, 2018. Federal Reserve Bank of Atlanta / GDPNow The plot above emphasizes again … Read More
Democratic Party workers watching the presidential election returns in shock on the night of November 8, 2016. Photo Credit: AP / Matt Rourke For a very long time, progressives have … Read More
Percent change in personal income excluding current transfer payments. The red line is the linear trend over the last two years of Obama’s administration, while the green line is the … Read More
Romans during the Decadence by Thomas Couture. Is the West retracing the steps of the ancient Romans? Wikimedia Commons / Thomas Couture (1815-1879) I often get the feeling my fellow … Read More
The Bulls of the market are getting set to charge! Photo Credit: Charging Bull — NYC via photopin (license)/ Sam Valadi The first estimate for fourth quarter 2017 U.S. GDP growth, released … Read More
Vice President Mike Pence, as President of the Senate, announces final passage of the Tax Cut and Jobs Act in the Senate, 51-48. Screen shot of Right Side Broadcasting Network … Read More
US real GDP growth from Q1 2009 to Q3 2017. The green line is a linear fit to the GDP over the three years from Q1 2014 to Q1 2017. … Read More
Plot of annual Real U.S. GDP per capita growth in percent averaged over ten year periods. This is the major reason why huge U.S. corporate tax cuts are needed! The … Read More
Sen. Chuck Schumer (D-NY), together with Democratic Senate and House leaders, announcing their “Better Deal” at Berryville, VA on July 24, 2017. Screenshot from Newsy coverage. Having taken a quick … Read More
Lady Liberty in New York harbor looking outwards from New York. Is she welcoming the world to New York, or pointing the direction to greater freedom for New Yorkers? Wikimedia … Read More
Cumulative net migration to and from California to other states from 2004 to 2013. The Sacramento Bee An even greater disaster for American progressivism than the state of Illinois is … Read More
Illinois Speaker of the House Michael Madigan speaking to press about the status of the state budget on June 22, 2017 during a special legislative session called by GOP … Read More
Democratic Party workers watching the presidential election returns in shock on the night of November 8, 2016. Photo Credit: AP / Matt Rourke One might expect such a lurid title … Read More
Alas! Real GDP growth is still trending downwards. Data and Image credit: St. Louis Federal Reserve District Bank / FRED It is now time to take our periodic look at … Read More
Real U.S. Per capita GDP in chained 2009 dollars (blue curve) and its percent change year over year (maroon curve). The thick green line is a linear fit of the … Read More
