Economy

On April 2, President Trump announced that the United States would impose tariffs on all its trading partners. He called it “Liberation Day.” From his perspective, the day that America would be “freed” from being “ripped off” by other countries’ predatory trade practices. The President would go on to tell

Imagine a situation where nearly four cents of every dollar you earn is taken away, charged as a tax, yet contributes nothing. As a citizen, this charge provides no services, no schools, no national defense, no social services; in the words of economist Lacy Hunt, it is simply a "

One of the most fascinating aspects of our current society is the tendency to equate nearly every public policy with the Stock Market. This is more than understandable as many Americans have their future tied up in various financial accounts, from retirement accounts, college education accounts, endowments, and estate planning.

Today, we’ll take a bird’s-eye view of the economy to gain perspective on President Trump’s Economic Policies in light of the Administration’s Budget Proposal, the “Big, Beautiful Bill, now being debated in the US Senate. The first thing to appreciate is that the Federal Government, and

Relatively few investors are day traders, yet most of the technical market indicators are computed daily. This leads to a very myopic perspective — it’s like driving a car with a microscope. You’ll eventually see the oncoming traffic, but it may be after you crash. Today, we’ll look

For over half a century, China has produced items that American consumers want to buy, from early, inexpensive toys and gadgets to today’s high-tech personal computers, smartphones, and advanced equipment and machinery. What made these transactions so distinctive was that China almost always sold these products at a lower

For over 50 years, America has moved its production overseas. It’s been the easy answer to many of our nation’s most pressing issues. Are you concerned about the environment? Are you worried about clean water, clean air, and the many pollutants associated with traditional manufacturing? Move production offshore.

Imagine that I stole $100 and gave it to you. What would economists call this? To answer the question, one must remember that economists are not moralists. They don’t care where the money came from; they only record what happens with it. In this case, economists would note that

In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor force will work for the lowest wage. Robert Kuttner At the height of last year’s Presidential Campaign, then-Senate Majority Leader Chuck Schumer wrote to

Can President Trump manage the economy if it begins to slow? It’s an important question that will likely determine the success or failure of his second term in office. Historically, the federal government has boosted the economy anytime they project a recession ahead. However, President Trump is removing much