Tax cuts are on the agenda in this year’s gubernatorial election. Some are touting this as a way to leave money in people’s pockets to help them cope with the current…
Last week, at the unveiling of his official White House portrait, President Obama said to President Biden: Thanks to your decency and strength, maybe most of all, thanks to your faith…
Among the working population, only a tiny segment can be considered poor. This is because the population of people in poverty mainly consists of adults who are not in the…
Last month, President Biden responded to the July inflation data – which showed the Consumer Price Index (CPI) flat over the month – by tweeting: Data released by the Bureau of…
In the year to June, the Consumer Price Index increased by 9.1%, “the largest 12-month increase since the period ending November 1981.” Back then, the rate was declining from its…
Earlier this month, CNBC reported: Hiring in July was far better than expected, defying multiple other signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported…
The Gross Domestic Product of the United States shrank in real terms for the first two quarters of this year. Very often, that would be called a recession, but not,…
According to CNBC, The Department of Education announced Tuesday that it will cancel nearly $4 billion worth of federal student loans for 208,000 borrowers defrauded by a popular for-profit institution. All remaining students…
Yesterday I looked at popular explanations for America’s current inflationary woes and explained why they weren’t, in fact, its causes. So what did cause it? As I wrote last October,…
In the year to June, the Consumer Price Index rose by 8.5%. What caused this? Let us first eliminate some answers by looking at what didn’t cause this. As I wrote…
According to the Bureau of Labor Statistics, price levels were unchanged in July after rising 1.3 percent in June. And over the year, prices were up 8.5 percent, down from June’s…
In June, the Bureau of Labor Statistics (BLS) announced that the Consumer Price Index (CPI) had risen by 8.6 percent in the year to May. This was “the largest 12-month increase since…
On Friday, CBS News reported: Senate Dems announce they have the votes to pass Inflation Reduction Act Today, CBS News reports: Senate passes Democrats’ sweeping climate, health and tax bill,…
At a time when researchers are arguing about how to define a recession, things just got even more interesting. According to the Bureau of Labor Statistics (BLS) Total nonfarm payroll…
As the White House continues to argue we aren’t in a recession, and with the National Bureau of Economic Research not providing an authoritative answer on the topic, the debate…
Seems to be the question on a lot of people’s minds. Earlier today, the Bureau of Economic Analysis (BEA) released GDP data for the second quarter of this year. And…