Two weeks ago, the Census Bureau released it’s real median income numbers for 2022, with real income falling a shocking 2.3% from 2021 to 2022. Yet the Biden Administration and its promoters continue to be amazed that Americans really don’t understand how good things are with Bidenomics! Consider Nobel Laureate Paul Krugman (hat tip to […]
Archives
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Ohio Inflationary Blues
26 Sep 2023
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The headline is perhaps unfair to Mr. Biden; there is a lot of nuance we could and should consider to last week’s report on the the 1QTR gross domestic product initial release of -1.4%. As the BEA notes in its release: In the first quarter, an increase in COVID-19 cases related to the Omicron variant […]
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Last week’s agreement on an infrastructure bill, followed almost immediately by a Biden backtrack, and then a Biden Saturday somersault is almost enough to make your head spin. It’s hard to imagine a more incompetent response to the deal, and it is only going to make it harder to get anything across the finish line. […]
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The Perfect Time to De-Tariff
24 May 2021
The other day I read a Wall Street Journal piece about EU tariffs on U.S. goods that (thankfully) never came to be. It reminded me about the Trump administration’s departure from U.S. policy for the last few decades which generally aimed to increase free trade. The Biden administration has yet to make any strong changes […]
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Deutsche Bank recently conducted a study and proposed a new tax. Whenever you tax something, you get less of it. If you subsidize something, you get more of it. Deutsche’s central desire is to tax people working from home (WFH) to redistribute that money to people who cannot work from home along with reducing the […]
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The Trump Administration continues to flounder in deciding what is needed to keep the economy going in the midst of the ongoing pandemic. Do we give everybody a check? How about a payroll tax cut? The difficulty arises from the very nature of this crisis and the abject misunderstanding of economics that macroeconomic theorizing has […]
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If it’s indeed “the economy stupid,” its hard for me to see anything that derails his reelection, and that likely convincingly (especially if the nominee is Elizabeth Warren or Bernie Sanders). The yawning drama of the impeachment may have something to say about it of course. But I doubt it. The predetermined impeachment is simply […]
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We are at historically unprecedented times. Consider these facts: There are over $9T worth of government securities that are yielding negative nominal interest rates. That’s right, people are giving governments trillions of dollars with a guaranteed negative return. Hmmm. Many unicorns are losing money but still getting premium IPO prices. Lyft lost nearly $1B last […]
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Weekly Sage #19: Irving Fisher
15 Mar 2019
The Weekly Sage hopes to regularly bring brief profiles of key contributors to thought and faith before a Christian audience for historical education and awareness of valuable resources. Irving Fisher “We have seen that all wealth and property imply prospective services or ‘desirable events.’ It is the desirability of these future expected services which gives […]
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The Weekly Sage hopes to regularly bring brief profiles of key contributors to thought and faith before a Christian audience for historical education and awareness of valuable resources. Sometimes history brings together a special combination of resources and people that form a center of intellectual influence. The Weekly Sage will occasionally consider such “Schools” together. […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach