Over at the far left Salon, Joe Tauke suggests Ms. Harris should focus on anything but the economy. In Tauke’s argument, despite all the evidence of a superior economy under Biden/Harris, voters simply don’t believe it: Yet when it comes to economic matters, all the momentum in the world apparently means nothing. Last month, the […]
Archives
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For Ms. Harris, “it’s not the economy stupid”
04 Sep 2024
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The #1 issue this election is still “it’s the economy stupid.” And as we’ve noted since before the inflation really got going, this is one of the issues that can override the rationale ignorance of most voters. Neither spin, nor media deflection saying “you’re wrong, the economy is really great” is going to be effective. […]
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According to wide reporting, Kamela Harris will propose legislation to eliminate “price gouging” by greedy businesses as her key economic policy. Price controls of any sort are always bad, and this is so bad I’m wondering if even Nobel Laureate leftist Paul Krugman will try to justify it (or will he just pick up his […]
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Over 15 years ago I published an op-ed on how businesses have to respond to inflation. I think it bears repeating today so I’ll put it here on BATG as well. Obviously Bidenomics has crushed these old numbers; you can’t get a fast food meal for under $9 in most places now. For you younger […]
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Yesterday I returned again to the theme of bad economics that Mr. Trump and Mr. Biden share, lamenting on their economic nationalism (which is really pure special interest politics at the expense of the rest of us). But don’t think I’m drawing an equivalence between the two: Mr. Biden is a deliberate obfuscator of the […]
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Today’s afternoon headlines include, “Popular 30-year mortgage rate races toward 8% after hitting a high not seen since late 2000“, “Something is breaking in financial markets” “Dow Falls 431 Points as Bond Yields Climb“. We had a pretty nasty end of September, and October is starting us to the downside. The Dow has now given […]
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Brief Beef With The Fed
12 Dec 2022
For several months, we’ve witnessed the Fed discuss the need to orchestrate a, “soft landing,” for the economy. Attempting to orchestrate an easy descent from this inflationary high; however, I believe the entire goal displays a flawed understanding of economics. Despite that, Mr. Powell still possesses a rational reason to attempt the impossible. To start […]
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BATG Economic Update
03 Oct 2022
We haven’t had an update on the economy in a bit, so this post will share some of the data I’m finding interesting, which I believe is telling us where the market is going. Last week the price of the ten year US Treasury Bond fell, leading to a yield of over 4%, a level […]
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Student Loan “Forgiveness”–pure pillage
25 Aug 2022
We’ve talked earlier about the student loan forgiveness, which is really the “stick it to the working joe” executive decision. Most of those paying the costs of this program did not receive the benefit of the loans, yet they’ll have to foot the bill. Indeed, the education received by those who took the loans will, […]
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Recession!?
01 Aug 2022
Fellow Berean Matt Beal touched on the 2nd Qtr GDP Growth (negative) last week, and I thought I’d add to the discussion. But because I’m particularly lazy (and the ramp up to the new semester is consuming me), I encourage you to listen to a radio interview I had with Columbus Ohio’s WTVN radio late […]