Sep 13, 2021
For 55 of the last 59 years, the federal government has spent more money than the revenue it has raised. The resulting annual deficit was financed by selling long-term bonds, usually with 10 or 20 year maturities.
Sep 3, 2021
While the jobs numbers for August were a disappointment, that's no reason to have the government increase its taxing and spending plans.
Aug 23, 2021
This week, the Federal Reserve (Fed) will meet for its annual symposium at Jackson Hole, Wyoming. This symposium is sponsored by the Federal Reserve Bank of Kansas City, which has held this event since 1978. The Fed usually doesn't set or change any policy during this time,...
Aug 11, 2021
The federal government has been on a two-year spending spree. Last year, it spent $3 trillion more than it collected in revenue. This year it will spend another $3 trillion more than its revenue. This adds to the public debt, which will hit $30 trillion by year end. Is that...
Aug 5, 2021
While debate continues on the infrastructure bill currently before the Senate, it looks like some version of the bill will pass. Supporters should be able to convince at least 60 of their colleagues to vote in favor. That will be all 50 Democratic Senators and at least 10...
Jul 26, 2021
During his recent CNN town hall President Biden claimed that his multi-trillion dollar infrastructure spending packages will "reduce inflation." Unfortunately not only is that false, but in the short term, that spending will make inflation worse.
Jul 15, 2021
The Bureau of Labor Statistics announced that consumer prices increased by a whopping .9% in June. That means since June 2020 prices have increased by 5.4%, That's the largest annual increase in more than a decade.Worse yet, most of the increase incurred between January 1...
Jul 8, 2021
The Bureau of Labor Statistics (BLS) recently announced that 850,000 jobs were created in June. The unemployment rate was 5.9%. This figure is very encouraging since the jobs report from the prior two months was so poor.Originally, economists had hoped that by June the...