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 […]
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The Biden Administration has finally accepted some blame for the ongoing inflation that they helped fuel, and like a good soldier, Janet Yellen has taken the spear for her boss, President Biden. President Biden was obviously anxious to make good on a progressive agenda after his inauguration, pushing his major spending bills, and he pushed […]
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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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In response to higher gas prices, Elizabeth Warren is proposing a windfall profit tax on large oil companies, whose “greed” is exploiting an international crisis. Economics has this nasty little way of bringing reality into the conversation, as supply and demand will both have their day. Progressive hostility to fossil fuels, which has accelerated during […]