White House press briefings are often tedious affairs, but sometimes a reporter will ask a question so inane that it provides comic relief. On Jan. 29, for example, the Washington Examiner’s Christian Datoc put this howler to Press Secretary Karoline…
During Thursday night’s debate between Presidents Biden and Trump many questions related to the state of the economy and economic policy were broached. Conspicuously absent from the debate, however, were any questions or even a mention of the largest economic…
Government overspending, an activity the Biden administration has taken to a new level, has sent the country into an inflationary spiral. Through trillions of dollars in COVID-19 relief programs, infrastructure spending, vote-buying student loan forgiveness programs, and a political “Build…
President Biden and the corporate media are growing increasingly frustrated by the failure of Americans to accept their assurances that the economy is in good shape. They insist that there is an inexplicable disconnect between the public’s gloomy perception of…
Washington Post columnist Megan McArdle recently wrote that the best argument made in favor of limiting the size of the stimulus during the Great Recession — part of a larger conversation about austerity — was one of ethos. “We weren’t…
Repeat after me, class: Growth does NOT cause inflation. Write it on the blackboard 100 times. For decades, the economics profession has been trying to tell us all just the opposite. They keep shoveling out the dumbest economic concept of…
With the close of the U.S. Treasury’s fiscal year on September 30, 2023, there came an important update (provided by the Heritage Foundation) on the U.S. Treasury budget for the prior fiscal year. A brief summary of the update is…
Countless financial soothsayers and Wall Street wizards were once members of a curious cult. Their doctrine? The unshakable belief that interest rates had managed to find something resembling the fabled Fountain of Youth, leaving their numbers eternally low and never…
Last week, Donald Trump volunteered that he would not reappoint Jerome Powell as chairman of the Federal Reserve. This seems a defensible point. His reasons, at least from a conservative perspective, find no defense. “I felt that he was not…
