In an article summarizing the economic policies of Tim Walz and Scott Jensen — candidates in tomorrow’s gubernatorial election — Dave Orrick writes for the Pioneer Press: The Federal Reserve…
On Friday, the Bureau of Labor Statistics (BLS) released data showing that the United States economy added 261,000 jobs in October. Some, such as Treasury Secretary Janet Yellen, saw this…
Last week I submitted an op-ed to two of the state’s major opinion platforms correcting some of the egregiously false statements made recently about Minnesota’s economy. Both declined to run…
Yesterday, President Biden said: Each of these is misleading. I should preface this by saying that, to some extent, that depends on what period you are referring to. As Figure…
DFL Chair Ken Martin tweeted today: He appears to be quoting an article by Robert J. Shapiro in the Washington Monthly which states: Bureau of Economic Analysis (BEA) data tells…
Inflation came in at 0.0% in July, prompting President Biden to tweet: Alas, in August it ticked up to 0.1%, although some of Minnesota’s media still tried to tell you…
Last week, U.S. News reported: ‘Stocks Slump on Fears About Rates, Recession After Jobs Data‘. Was it bad data? No, quite the contrary: Good news on the economy remains bad…
Last week’s jobs report estimated that Nonfarm payrolls increased 263,000 for the month, compared with the Dow Jones estimate of 275,000. This prompted the usual round of celebrations from people…
Last week, at the unveiling of his official White House portrait, President Obama said to President Biden: Thanks to your decency and strength, maybe most of all, thanks to your…
Last month, President Biden responded to the July inflation data – which showed the Consumer Price Index (CPI) flat over the month – by tweeting: Data released by the Bureau…
Last week, President Biden gave a speech outside Independence National Historical Park in Philadelphia, where he said “Donald Trump and the MAGA Republicans represent an extremism that threatens the very…
In the year to June, the Consumer Price Index increased by 9.1%, “the largest 12-month increase since the period ending November 1981.” Back then, the rate was declining from its…
Earlier this month, CNBC reported: Hiring in July was far better than expected, defying multiple other signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported…
The Gross Domestic Product of the United States shrank in real terms for the first two quarters of this year. Very often, that would be called a recession, but not,…
This week I’ve debunked some popular explanations for America’s current bout of inflation and explained what the real cause is: the Federal Reserve’s massive expansion of the money relative to…
Yesterday I looked at popular explanations for America’s current inflationary woes and explained why they weren’t, in fact, its causes. So what did cause it? As I wrote last October,…