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Opinion

Yellen wrong again. Recession is inevitable and may be here now
A couple of weeks ago, Secretary of the Treasury Janet Yellen admitted she was wrong last year when she said…
Read More » Fed raises rates by 75 basis points. Here comes stagflation.
After more than a year of delay, the Federal Reserve finally looks like it is serious about reducing inflation. The…
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Opinion

An Easy-to-understand Explanation for High Inflation and How to Fix It
Inflation has soared to a 40-year high, reaching 8.6 percent last month. While economists and government officials have given numerous…
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Money & The Economy

Inflation Soars to 8.6%. The Worst is Yet to Come.
The Bureau of Labor Statistics just released the Consumer Price Index (CPI) for May. Consumer prices increased a whopping 1%. That raises…
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Money & The Economy

Yellen Wrong on so Many Things
Secretary of the Treasury Janet Yellen has been on a media apology tour admitting that she was wrong last year when she…
Read More » Individual responsibility versus social responsibility
Regarding the economy, one of the basic philosophical differences between the Liberals and Conservatives concerns responsibility. Conservatives favor individual responsibility,…
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Opinion

Biden is wrong again: A recession is inevitable and so is stagflation
President Biden has recently made a one-word statement that explains his understanding of the economy today and where he…
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Money & The Economy
Target and Walmart Earnings Signal Coming Recession
Both Target and Walmart, two of the nation’s largest retailers, released their financial data for their first quarter. Both had large decreases…
Read More » Biden vs. Bezos -Higher taxes on the wealthy will make inflation worse
Recently, in the back-and-forth exchange between the Biden Administration and Amazon CEO Jeff Bezos, Biden said he wants to raise…
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Money & The Economy

Inflation Pauses — But Will Get Even Hotter This Summer
The Bureau of Labor Statistics released the inflation report for the month of April on its Consumer Price Index (CPI), showing it…
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Money & The Economy
The 1.7 million workers hired in the first quarter produced negative output
Initially, the number released for economic activity in the first quarter of this year did not make sense. Total employment…
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Opinion
Fed Action, Once Again, Way Too Little & Way Too Late
At its May 4 meeting, the Fed decided to raise the Federal Funds rate by half a percentage point, or 50 basis…
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Opinion

What! A free-market economist who supports tariffs?
Free market economists have always favored free trade. That means there are no quotas or tariffs imposed by any country…
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Opinion

Welcome to the Biden Stagflation
The Bureau of Economic Analysis just released its estimate for GDP growth in the first quarter of 2022. Real GDP declined at an…
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Opinion

Price Gouging is a Myth
President Biden as well as other Democrats in Congress say that the increase in the price of gasoline is due to oil…
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