Category Archives: Bureau of Economic Analysis
More Encouraging News on Inflation Means the Fed Should Pause…
The Biden administration has pulled off a remarkable two-step—at once, beating inflation while expanding employment. In both cases, policy decisions…Continue reading
Why Don’t Americans Recognize that Inflation is Down and Incomes…
My late boss, Senator Daniel Patrick Moynihan, a sage and successful politician, once told me that in politics, “If you…Continue reading
The Debt Ceiling, Austerity, and the Economic Challenges Haunting President…
The latest reports on real growth and personal incomes issued last week by the Bureau of Economic Analysis (BEA) include…Continue reading
Hey, Folks, We’re Not in a Recession
Rules of thumb are often misleading. Biden administration critics have seized on an axiom that two consecutive quarters of negative…Continue reading
Conventional Wisdom is Wrong: Americans Are Better Off Even AFTER…
According to conventional wisdom, inflation has left most Americans poorer. It’s an odd view, given that the number of people…Continue reading
Post-Pandemic, a Strong Expansion Needs Less Personal Saving or More…
For two generations, economists and other custodians of financial propriety have chastised Americans for not saving enough. Getting the public…Continue reading
$900 Billion in COVID Spending for Everyone Is Just What…
Both progressives and conservatives criticized the three major COVID-19 relief laws enacted over the last 12 months for giving away…Continue reading
Continuing Job Losses in Swing States May Seal Trump’s Fate
As Donald Trump sees it, “We are leading the World in Economic Recovery.” Yet, less than two weeks before election…Continue reading
Is Trump Playing a Long Game to Stay Out of…
Donald Trump has a serious dilemma. If Joe Biden loses in November, he can go home and settle in as…Continue reading
Donald Trump’s Big Lies about What He Has Done for…
Donald Trump and his operatives haven’t figured out how to go after Kamala Harris. Now that Joe Biden has named…Continue reading