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
Tag: Taxes
Concerns effects of taxes
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
What We Will Fight Over In the 2020 Campaign
It has only been a few months since the end of the 2018 U.S. campaign season. Nevertheless, we can already see what we will fight over in the 2020 campaign. … Read More
Curious, Erroneous Progressive Ideas About Taxes
Differing views about taxes generate much of the anger between the American Left and Right. Progressives, insisting government should be the major tool for solving social and economic problems, look … 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
Taxes and Hauser’s Law
Hauser’s Curve Image Credit: Wikimedia commons/Sugar-Baby-Love With a Republican tax bill having passed both houses of Congress and certain to be signed by the President, taxes … Read More
Even More Lies Progressives Tell To Themselves!
A progressive regarding the world. Be careful what you buy from him! (c) Can Stock Photo / ezumeimages In my last essay I was only able to cover two of … 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 Republican Party
The U.S. Senate voting NO on repeal of Obamacare on July 27, 2017. Screenshot of ABC News coverage. Everywhere the leaders of the two major American political parties look, insuperable … Read More
The Ideological Balkanization of the United States
The red state – blue state division of the United States as revealed by the presidential results of the past four presidential elections. Wikimedia Commons / Angr This week The … Read More
How Is Donald Trump Doing Economically in June 2017?
The time evolution of the Atlanta Federal Reserve Bank’s GDPNow forecast for the second quarter of 2017. Image and Data Credit: Atlanta Federal Reserve District Bank / Center for Quantitative … Read More
More Historical Lessons From Europe
GDP per capita in Europe in 2014. According to the World Bank, the U.S. GDP per capita in the same year was $54,540. Wikimedia Commons In this post, I will continue my … Read More
The Proposed Border Adjustment Tax
Incoming and outgoing international trade in San Francisco Bay Wikimedia Commons / National Oceanic and Atmospheric Administration Arguments over U.S. tax policies are moving toward a controversial tax proposal around … Read More
The Divisive Issue of Foreign Trade
Container shipping has revolutionized foreign trade by greatly reducing costs of transportation by ship, rail, and truck. Wikimedia Commons / Hafiz343 I have written several times about why foreign trade … 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
The Trump Era Begins
President Donald J. Trump delivering his inaugural address, January 20, 2017 Screenshot of ABC News broadcast Uncompromising. That was the major tone of Donald Trump’s inaugural address on the west … Read More
The Federal Government’s Projected Bankruptcy
Which Way Can We go! (c) Can Stock Photo / svanhorn There is no doubt about it! Unless the federal government drastically reduces mandatory entitlement expenditures in the near future, … Read More
Trump’s Antidote to the Progressive Infection
The first three progressive presidents: Theodore Roosevelt, William Howard Taft, and Woodrow Wilson Photo Credits: Wikimedia Commons / Pach Brothers , Wikimedia Commons / George Grantham Bain , and Wikimedia Commons / Harris … Read More
President Trump Faces a Divided People
Donald Trump giving his victory speech early this morning YouTube / RT.com Donald J. Trump’s victory yesterday to become the President-elect of the United States is a fitting surprise for … Read More
How a Bursting Stock Market Bubble Will Hurt Everyone
OOPS! A Bear! (c) Can Stock Photo Approximately eight years ago, progressives were screaming that capitalists had with their avaricious, dishonest and selfish behavior thrown us into another Great Depression. … Read More
Does Trump Have a Chance?
Screen shot from last night’s final Presidential Debate As aired by C-SPAN Donald J. Trump is certainly not an articulate man, a weakness that is especially troubling for an aspirant … Read More
Why Isn’t the US Economy Booming?
A wartime factory worker in 1940s Fort Worth, Texas Wikimedia Commons/Library of Congress, Prints and Photographs Division On opening up my online edition of the Wall Street Journal this morning, … Read More
The Consequences of a Hillary Clinton Presidency
Imagine Hillary Clinton here. The Oval Office during the administration of William Jefferson Clinton Wikimedia Commons/National Archives and Records Administration I hate to say it, but it sure looks like … Read More
Hillary and The Donald On the Economy
Our sad choices: Hillary Clinton and Donald Trump Photo Credits Left to Right: WikiMedia Commons/Voice of America, Wikimedia Commons/Michael Vadon On the day when Hillary Clinton and Donald Trump are … Read More
Economic Optimism Fading
The Wall Street Journal considers these three declining indicators as indicative of continuing economic stagnation. Wall Street Journal/Federal Reserve District Bank of St. Louis The Wall Street Journal has just … Read More
Hillary and The Donald: What a Choice!
Which to Choose? Photo Credits: CNN.com and CNN.com The choices we have for president, while … Read More
Why Is There Economic Optimism?
The Bulls Are Charging! Photo Credit: Charging Bull — NYC via photopin (license)/ Sam Valadi Every now and then, I experience a modicum of doubt about my pessimistic picture of the economy. … Read More
If Hillary Clinton Were President …
Hillary Clinton speaking at the Brown & Black Presidential Forum in Des Moines, Iowa on January 11, 2016 Wikimedia Commons/Arthur Skidmore Given how the bombastic Donald is increasingly sabotaging his own … Read More