Before Trump’s re-election in November 2024, progressive commentators often advocated higher US tariffs to achieve three overlapping goals: improve jobs and wages for workers; boost the manufacturing sector; and reduce…
Category:
Economy
-
-
An initial step that has been bandied about of late has been engineering a dollar retrenchment. Even with a weaker dollar, profound challenges will be found in the rebuilding of…
-
Economists have extensively analyzed Trump’s latest trade war, examining both the Econ 101 effects of tariffs and the more underrated consequences of policy uncertainty. But there’s another critical angle worth…
-
An initial step that has been bandied about of late has been engineering a dollar retrenchment. Even with a weaker dollar, profound challenges will be found in the rebuilding of…
-
Economists have extensively analyzed Trump’s latest trade war, examining both the Econ 101 effects of tariffs and the more underrated consequences of policy uncertainty. But there’s another critical angle worth…
-
The professional forecasters were right: inflation remained elevated in February. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at an annualized…
-
The professional forecasters were right: inflation remained elevated in February. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at an annualized…
-
Federal Reserve Z.1 data show that the net worth of the household and nonprofit sector (HNPS) reached a new record of $168.8 trillion in 2024Q3, eclipsing the previous record of…
-
It is no secret that many of the nation’s largest and most prestigious law firms went woke. For years, they have publicly championed left-wing social causes, fired conservatives for representing…
-
Economy
New State-Level GDP and Personal Income Figures Show Where Activity Is Picking Up — And Falling Back
On Friday, the Bureau of Economic Analysis released preliminary figures for GDP and personal income by state for last year. I prefer using personal income over GDP for comparing state…