How a garbage-strewn rail yard in downtown Los Angeles portends doom for America. A dysfunctional Union Pacific rail yard filled with discarded packages and abandoned cargo epitomizes the nation’s current…
March 2021 saw the passage of the $1.9 trillion American Rescue Plan (ARP). At the time, the Biden administration touted a study by Moody’s Analytics, which: “…projects that the President’s…
Today, the Bureau of Labor Statistics (BLS) announced that inflation rose by 7.0 percent in the year to November. This is the fastest annual rate of increase since June 1982. Stripping…
The American Rescue Plan, enacted in March 2021, extended previous measures that expanded eligibility for Unemployment Insurance (UI) benefits to workers who are typically ineligible for state UI programs (Pandemic…
The Bureau of Labor Statistics (BLS) released its inflation numbers for November this morning and they did not make for happy reading over breakfast. The Consumer Price Index (CPI) rose…
Today, the Bureau of Economic Analysis released data for Gross Domestic Product (GDP) for Minnesota’s counties for 2020. We now have this data going back to 2001, so we can…
Last week, I recounted the Biden administration’s shifting stance on inflation, from ‘non-existent’ through ‘good thing’ to ‘conspiracy by evil businesses.’ The pivot away from celebrating inflation as sign of…
As you’ve filled your tank recently, you might have seen one of those stickers of President Biden pointing to the price, saying “I did that”. Time was when this joke…
Back in July, President Biden said that “no serious economist” was worried about “unchecked inflation.” In October, with inflation still stubbornly high and rising, White House Press Secretary Jen Psaki…
Back in July, I had a column in the Duluth News Tribune about how federal government tariffs on Canadian lumber would serve to make housing less affordable. I noted that…
In addition to paying more for Thanksgiving food, Americans will have a harder time finding products. According to the Wallstreet Journal, Supplies of food and household items are 4% to…
Earlier today, the Bureau of Labor Statistics (BLS) released the newest update on inflation for the month of October. According to the new numbers, over-the-year inflation, i.e., October 2020 to…
I wrote recently that slashed growth forecasts showed that inflation isn’t rising because the economy is booming. Members of the Biden administration have blamed rising consumer prices on the economy’s…
One of the biggest decisions that parents have to make is how to raise their young kids. While it may not look like it, there is a lot of variation…
Last week, the Financial Times reported: The pace of US consumer price growth pushed higher in September, hovering at a 13-year high as inflationary pressures drove up the cost of…
The Atlanta Fed’s GDPNow tracker downgraded its forecast for Q3 GDP growth again: it has now dropped from 6 percent at the end of July to 1.3 percent now. Then came the…