Sep 25, 2023
Once again, the Fed has eased up on its restrictive monetary policy too soon. Late last year the Fed stopped its 75-basis point interest rate increases. Now they stopped all increases. That will contribute to the excess demand and will lead to higher inflation rates.
Sep 15, 2023
The United Auto Workers have begun to strike all three of the major domestic automobile producers.
Sep 12, 2023
On Wednesday, the Consumer Price Index for August will be released. It will show a significant increase in inflation, perhaps taking the 12-month number up to nearly 4%. That will result in the Fed raising interest rates when it meets next week.
Sep 5, 2023
The Federal Reserve's Open Market Committee will meet again later this month. The popular belief is that the Fed will not raise interest rates.
Aug 29, 2023
Recently, candidate for the Republican Presidential nomination Nikki Haley suggested that the retirement age be raised. Currently an individual must be 65 years old to receive Medicare and 67 to receive Social Security.
Aug 22, 2023
Vivek Ramaswamy, the candidate running for the Presidential nomination from the Republican Party, has suggested switching the current progressive federal income tax system, to a flat tax or single rate system.
Aug 18, 2023
This past week as he marked the one-year anniversary of the Inflation Reduction Act, President Biden said that his economic policies known as "Bidenomics" are working.
Aug 15, 2023
It appears that some in Washington just don't understand the basic economics of the health care industry.