Politicians often have a narrative that is, shall we say, inconsistent with reality. Especially on economic matters. Joe Biden repeatedly told us that there was no inflation. And then that it was transient. And then he had defeated it, much better than all the other countries! See it was a global phenomenon, nothing to see […]
Archives
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Up, Up and Away! My beautiful, My beautiful (inflationary) balloon! And the bond market meltdown.
19 May 2026
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Two quick notes on Trumponomics today. Mr. Trump’s tariffs have been a political loser for the majority of the country since they raise prices (in some goods significantly) at a time when rising prices is the key issue for Americans. This week the Trump administration announced plans to roll back it’s tariffs on imported beef […]
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Mr. Trump’s failed political entrepreneurship. Why Trump 2.0 appears that peak Trump has passed.
22 Nov 2025
A big focus area for me in my day job as dean of the business school is to prepare our students for leadership in the market. This includes a large focus on entrepreneurship and innovation. One of the key lessons we push early on is the idea of listening to the market, following Eric Reis’s […]
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For Ms. Harris, “it’s not the economy stupid”
04 Sep 2024
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 […]
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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 […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach