Joe Biden is gaslighting America on the economy. His administration is trying to oversell what has underperformed for several reasons: First, the economy is the one issue that affects most Americans most significantly. Second, Biden is doing worse on virtually…
The first 2024 Wall Street Journal front page headline set a euphoric economic outlook for the coming new year: “Optimism Flows on Wall Street, Fueled by Economy, Rise of AI.” With the “S&P 500 within 0.6% of a record high,”…
The year 2023 is now over, marking the first year after China ended its Covid lockdown. However, the Chinese economy did not experience the robust recovery predicted by many at the beginning of the year for the post-pandemic era; instead,…
China’s economy is struggling post–COVID-19. Growth is slower than expected, demographic trends are negative, youth unemployment is high, overbuilding has created a housing crisis, and government indebtedness is ballooning. These are only a few of the symptoms ailing the country,…
Limitless: The Federal Reserve Takes on a New Age of Crisis By Jeanna Smialek Alfred A. Knopf, 374 pages, $30 The Federal Reserve System, the United States central banking system, was established in conjunction with the Federal Reserve Act, which…
Don’t worry if you get confused reading accounts of the new Social Security Trustees Report. On one hand, you have some articles reporting that this document shows that Social Security will be insolvent in less than 15 years. Others prompt…
In March, inflation surged to 8.5 percent over a yearlong period — the highest in more than 40 years. The Federal Reserve’s reign of easy money unleashed the scourge. While enormously destructive, inflation isn’t complicated. It’s caused by too much money…
Among the many costs of COVID-related panic has been the diminution of global economic freedom. According to the Heritage Foundation’s illuminating 2022 Index of Economic Freedom, the response of governments to COVID “wreaked havoc on the world economy.” The study…
There’s no shortage of explanations offered for the ongoing worker shortage — a shortage that has left our nation with more than 11 million unfilled jobs. Some blame delayed or early retirements. Others point to unreliable access to school and…
