The Greatest Risk to Americans Is the Federal Government, Not Bank Failures
Constraints on Educational Freedom Have Dems Fleeing the Party
Inflation: What It Is, Why It’s Bad, and How to Fix It
Mounting U.S. Debt and Misguided Foreign Policy Risk a Dollar Doomsday
DC’s Insatiable Urge to Splurge
U.S. Housing Became Much More Affordable Over The Last 40 Years
Normalize U.S. Economy
U.S. stock prices have just reached record highs, erasing the losses since the previous 2007 peak. But the U.S. economy as measured by the labor-force participation rate, which captures the percentage of working-age people in the labor force, has just dropped to a new 34-year low of 63.3 percent. Since the Great Depression, recessions have always been followed by strong Read More ›
How to Forecast the Economy
Knowing that I am an economist, friends and acquaintances frequently ask me, “What is going to happen with the economy?” If I say with great assurance, “Inflation will rise 0.3 percent, unemployment will fall 0.6 percent, and economic growth will increase by 3.2 percent,” they will walk away happy, believing they know something others do not. Or, I can be Read More ›
Defeating Deflation
Deflation is upon us. Put another way, the U.S. economy is now experiencing a sustained reduction in the general level of prices. Last month, the Producer Price Index posted its biggest decline on record, 1.6%, and the Consumer Price Index fell by 0.3%. All of the major commodity price indices are down by 11% to 20% for the year. Many Read More ›