U.S. Economy

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Economic Progress and Economic Decay: North versus South

Bureaucracy and RegulationCronyism and CorporatismLawU.S. Economy

Blog1 hour ago

While high-quality automobiles and other manufactured goods are being produced in the Southeast, northeastern states like New York are falling behind, thanks to progressive governance.

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Renewables and EVs in the Grip of Lesseps Syndrome

SocialismStrategyU.S. Economy

Blog12/02/2022

The so-called green energy strategy is no strategy at all. Instead, it is an attempt to cripple the energy industries in vain hopes that renewables will magically cover the energy shortfall.

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Who Has Better Ethics, the Social Security System or Bernie Madoff?

Big GovernmentEconomic FreedomU.S. Economy

Blog12/02/2022

Nearly everyone has heard of Bernie Madoff and rightly associates his name with financial fraud. Yet, the Social Security system is built on a Ponzi scheme similar to what Madoff created.

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Who Really Owns Big Digital Tech?

Big GovernmentBureaucracy and RegulationCronyism and CorporatismU.S. Economy

Blog11/30/2022

Is Big Tech a government creation—as the American Conservative recently claimed—or is it the result of entrepreneurs employing a mechanism created for noncommercial uses? It is both, writes Michael Rectenwald.

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Money Supply Growth in October Fell to a 39-Month Low. A Recession Is Now Almost Guaranteed.

U.S. Economy

Blog11/29/2022

Money supply growth slowed even more in October, and is now back to levels we last saw during the repo liquidity crunch of 2019, and in the days right before the 2007–09 recession. 

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Can a Deeply Unserious America Fix Its Economy?

Big GovernmentCentral BanksU.S. EconomyBusiness CyclesPolitical Theory

Blog11/22/2022

A serious political discussion at the federal level would center on structural problems of war and peace, debt and the dollar, and entitlements. But America in 2022 is a deeply unserious country.

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The Housing Boom Is Already Over. The Housing Shortage Will Continue.

U.S. Economy

Blog11/17/2022

One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage.  That hasn't happened.

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The Number of Employed Workers Fell in October and Price Inflation Continues to Outpace Wages

U.S. EconomyU.S. History

Blog11/04/2022

The jobs data is worse than the latest headlines suggest, and workers are staring at falling real wages, declining savings, and mounting debt. We can thank the Fed. 

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Are Seasonally Adjusted Economic Data Useful?

Big GovernmentStrategyU.S. Economy

Blog10/27/2022

Government economists "seasonally adjust" data in order to better respond with policy recommendations to deal with business cycles. The problem is that government causes the cycles.

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Without Easy Money from the Fed, Home Prices Will Keep Falling

U.S. Economy

Blog10/26/2022

Home price growth of the sort we've seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows.

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