The conventional wisdom about inflation needs a course correction. Here’s why: The Bureau of Labor Statistics reports that the wages…. . . Read More
Welcome to Crony Capitalism 2.0, brought to America by the Trump administration and the COVID-19 pandemic. Washington’s current approach to rescue the economy has made investors in stocks and bonds whole, even as incomes fall for most Americans. Now, only…. . . Read More
Donald Trump may have normalized cognitive dissonance for many of his supporters and some young people. But wishing away the pandemic does not affect reality. The May data on personal incomes released last week by the Bureau of Economic Analysis…. . . Read More
The Bureau of Labor Statistics (BLS) surprised the markets and most economists Friday with an announcement that the unemployment rate fell from 14.7 percent in April to 13.3 percent in May. President Donald Trump had the temerity to boast that…. . . Read More
It is not surprising that the Trump administration’s top economist promised this week that huge, historic gains in jobs and growth are coming in a few months. He is not alone. Even some Democratic economists think that economic growth and…. . . Read More
April’s 14.7 percent unemployment rate, announced by the Labor Department last Friday, is awful by any standard. The official tally shows that unemployment increased by 15,938,000 people last month—to 23,078,000 overall—resulting in the highest jobless rate since the Great Depression.…. . . Read More
Most of the economic carnage we see Americans suffer today is the result of measures that federal, state, and local governments have had to adopt to stem the spread of COVID-19—the social distancing, social isolation, and closing of borders and…. . . Read More
The Trump administration has failed miserably to test and track the initial spread of Covid-19 infections, as South Kora did. Its failure has brought terrible suffering to thousands of Americans and enormous economic costs. That’s why dramatic measures are necessary…. . . Read More
The future shape of the economic crisis driven by the federal government’s inadequate response to the coronavirus pandemic is coming into focus. The widespread social isolation that has sent both the demand for and production of goods and services into…. . . Read More
Joe Biden, Trade & Border Security
April 7, 2019
Rob Shapiro on Trump’s choice of Fast Food CEO for
December 9, 2016
The Greek Election and Pull-Back from Austerity
November 8, 2015Paul Stockton on security clearance problems on CBS 60
November 8, 2015
The Greek Election and Pull-Back from Austerity
January 26, 2015
Romney No Longer Has a Tax Plan
October 4, 2014
The Politics and Economics of Obama’s New Climate Policy
July 3, 2014
Is Economy Ready for Taper Step Back?
June 20, 2014
‘Families’ Plummeting Wealth Reflects ‘Deep Mess’ Americans Face
June 12, 2014
Looking ahead to President Obama\’s economic policy in his second term in office
January 22, 2014The Economics of the Fiscal Cliff
January 1, 2014