2023: You Wanted Endless Stimulus, You Got Stagflation.
Unfortunately, when governments all over the world decided to “spend now and deal with the consequences later” in 2020, they also sowed the seeds of a 2008-style problem.
Unfortunately, when governments all over the world decided to “spend now and deal with the consequences later” in 2020, they also sowed the seeds of a 2008-style problem.
Relatively free trade and capital mobilization have greatly raised living standards in recent years. Yet those that call themselves globalists are less interested in trade than in unipolar political power, pushing violent, disastrous schemes.
Federal protectionism and bailouts makes it easier for US airlines to survive terrible service, such as mass cancellations or when Southwest imposed a private mask mandate and threw families off flights.
Americans typically are told that private enterprise wastes resources while government preserves them. Economic truths turn that canard upside down.
Central bankers follow inflation "target" in their pursuit of "price stability." Not surprisingly, they usually miss their targets -- quite badly -- and we now are living one of those moments.
Because police protection of students is inadequate, Temple University of Philadelphia has hired private police to help keep students safer from crime.
Despite worries that foreign "competitors" will surpass economic production in the United States, innovation and entrepreneurship are still important here. For now.
Dr. Peter Klein joins Jeff and Bob to explain the huge disconnect between supply and demand for labor in post-COVID America.
While behavioral economics claims to be an effective way of measuring individual economic behavior, it actually sets back authentic economic analysis.