Well, this week, they both spouted off nonsense, and while one was ridiculed, the other was taken seriously. Mr. Curry, for some unknown reason, decided to opine that the moon landing was fake–a product of Hollywood fantasy. For those of us that have had the privilege of hearing from Astronauts that landed on the moon, […]
Archives
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What do NBA superstar Stephen Curry and EPI Chief Economist Robert Scott have in common?
13 Dec 2018
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General Motors and the Lordstown Plant Closure
03 Dec 2018
“It was the best of times, it was the worst of times…” So begins the classic line from Dickens’ A Tale of Two Cities. Dickens continues with contrasts such as “it was the spring of hope, it was the winter of despair,” which only adds to the feeling of simultaneous joy and heartache. Such is […]
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Market Volatility Returns–the end of the Boom?
21 Nov 2018
The index of stock market volatility (one measure of market fear) has risen in the past week, concurrent with large absolute point swings (although relatively low on a percentage basis). Markets are not as volatile as they were in October, but clearly there are uncertain times ahead, and markets generally like certainty. There are so […]
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I had the opportunity to meet a young student thinking about the economics major a few days ago, and he mentioned that he hoped to go to the UN to help the poor after graduation with development economics. We talked about the major, but I suggested he think about how the poor are most likely […]
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As we close in this year’s mid-term elections, we hear a lot of claims that are fairly outrageous on both sides, but at least the Democrats are being honest: they want to increase taxes. If elected, they would like to raise capital gains taxes, corporate taxes, small business taxes, and more. Yet being honest on […]
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Trump enemy #1: The Fed?
22 Oct 2018
“I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy,” the president said after walking off Air Force One in Erie, Pennsylvania for a rally. Mr. Trump called the Federal Reserve his biggest threat last week, as the Fed continues its path toward interest rate normalization. […]
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Hat Tip to David French over at National Review. But its worth listing here too. You probably have heard that Mrs. Clinton says Democrats shouldn’t be civil to Republicans, since they (R’s) are trying to destroy everything that D’s believe in. Eric Holder, in a campaign rally, suggested Mrs. Obama’s famous call, “they go low, […]
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I was asked a few posts ago if Mr. Trump could do anything right economically that we’d agree with. Well, Mr. Trump continues to make it hard, because he constantly proves the point he’s in favor of business, not markets in general. Going into election 2018, Mr. Trump feels the need to help protect Republican […]
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The Corrupting Influence of Mr. Trump
04 Oct 2018
Like many of our readers (and Americans generally), I like many of the President’s policies, and I like some aspects of his behavior. His willingness to break the mold and stir the pot a different way is in many respects positive–challenging alliances with blunt talk, being willing to challenge sacrosanct but corrupt international institutions, refusing […]
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Who’s “Protected” By Tariffs?
01 Oct 2018
This afternoon I’m prepping for our Intermediate Microeconomics class, and I’m re-reading Hazlitt’s Economics in One Lesson. I choose to assign this book because in the complexities of economic theory that a standard Intermediate Microeconomics course entails, we must not lose sight of the essence of economics, seeing the unseen. Thus today’s chapter is in the title, […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach