Can Consumer Surveys Tell Us Where the Economy Is Headed?

In order to gain insight into the future state of an economy, many economists refer to a variety of consumer and business surveys. Randomly selected consumers and businessmen are asked to provide their views about where the economy is heading. Thus, if a survey shows that the majority of the surveyed express optimism it is regarded as good news for the economy. Conversely, if the majority of the surveyed are pessimistic it is taken as a bad omen for future economic activity.

Without the Federal Government, Who Will Regulate Dog Meat?

The federal government is running a massive deficit right now. American wages are stagnant. The US is involved in multiple costly wars with no apparent objective. And the president raises taxes on Americans at will through his tariff policy.

But fortunately the Congress is getting down to what is really important. Federalizing laws banning the sale of cat and dog meat.

What to Do Until Privatization Comes?

Free-market advocates are clear about what should be done about government services and operations: they should be privatized.

While there is considerable confusion about how the process should be accomplished, the goal is crystal-clear. But apart from trying to speed up privatization, and also forcing that process indirectly by slashing the budgets of government agencies, what is supposed to be done in the meantime? Here, free-marketeers have scarcely begun to think about the problem, and much of that thinking is impossibly muddled.

No, Robots Cannot Replace Us

Automation seems to be a never-ending source of fear-mongering. Judging from the commentary, robots will “replace us” and cause large-scale unemployment. With the entry of artificial intelligence (AI), and robots that make robots, the value of human beings as productive forces in the economy is simply zero. People then become value-less consumers, only “mouths to feed” while production is carried out by machines.

Barack Obama’s Return Just Reminds Us How He Fueled American Distrust

Former president Barack Obama is back. He kicked off a series of campaign appearances last week with a blistering attack on the Trump administration and said the Republican Party had “embraced a rising absolutism.” President Donald Trump deserves plenty of harsh criticism, but Obama’s indictment is akin to the kid who killed his parents and then sought mercy from the judge because he was an orphan.