U.S. Economy

2021 was the year of binge spending. 2022 is likely to be a hangover.

In this episode, Ryan McMaken and Tho Bishop dive into the politics of inflation.

Friday's jobs report was weak, but the most alarming datapoint is that real wages are plummeting.

Friday's jobs report was weak, but the most alarming datapoint is that real wages are plummeting.

Twenty twenty-one was the year of binge spending. Twenty twenty-two is likely to be a hangover.

In order to demand goods and services individuals must produce something useful first. Hence, supply drives demand and not the other way around. 

Colorado and Washington State have shown governors in the Northeast and Mid-Atlantic how they've been missing out on collecting taxes from cannabis sales.

Joe Biden thinks that unless there's widespread government intervention in the economy, economic inequality "brews and ferments political discord and basic revolutions."

If evil corporations are to blame for rising prices in 2021, as Elizabeth Warren says, I imagine that they were magnanimous and generous corporations when there was low or no inflation, right?

During November, average hourly earnings increased 4.8 percent, year over year. But with inflation at 6.9 percent, earnings aren’t keeping up. Meanwhile, the Fed will do little for fear of spooking Wall Street.