The Democrats’ War on Economic Abundance
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
Tag: Economic Conditions
The Inflation Reduction Act Is an Economic Disaster
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
Comparing the Economies of All Countries on Earth in 2021
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
The U.S. Economy Is Melting Down in June 2022
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
What Can the Democrats Do About Joe Biden?
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
Why Republicans Would Be Better at Governing Than Progressive Democrats
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
The State of the U.S. Economy, November 2021
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
The U.S. Economy, April 2021
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 Are Wrong: Income Inequality in the U.S. Is Not Increasing!
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
Why the U.S. Will Bitterly Regret Not Reelecting Donald Trump
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
Comparing Economies of All Countries on Earth in 2019
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
Coronavirus Lockdowns and the U.S. Economy, April 2020
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: U.S. Economy and Stock Markets, August 2019
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
Modern Monetary Theory Madness
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
Growing U.S. Economy Continues to Sizzle!
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
Has the Democratic Party Lost Its Edge?
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
U.S. Economy and Stock Markets, March 2018
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
The Economic Decay of the West
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
American Economic Conditions Building Up Steam!
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
Progressive Mendacity on Tax Reform
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
U.S. Economy and Stock Markets, November 2017
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
Do U.S. Companies Need Tax Cuts?
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
Major Problems for the Democratic Party
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
New York: Another Great Progressive Embarrassment
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
Another Great Progressive Disaster: California
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
The Progressive Disaster That Is Illinois
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
The Rot Goes Deep in the Democratic Party
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
U.S. Economy and Stock Markets, May 2017
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
U.S. Economy and Stock Markets, February 2017
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
Federal Expenditure and Revenue Realities
Rep. Kevin Brady (R-Texas), Chairman of the House Ways and Means Committee. Brady’s controversial plan for “border adjustment” taxes are being fiercely opposed. Wikimedia Commons / Office of Congressman Kevin … Read More