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,…
In the year to June, the Consumer Price Index rose by 8.5%. What caused this? Let us first eliminate some answers by looking at what didn’t cause this. As I…
In June, the Bureau of Labor Statistics (BLS) announced that the Consumer Price Index (CPI) had risen by 8.6 percent in the year to May. This was “the largest 12-month increase since…
On Friday, CBS News reported: Senate Dems announce they have the votes to pass Inflation Reduction Act Today, CBS News reports: Senate passes Democrats’ sweeping climate, health and tax bill,…
Corporate taxes are some of the more popular taxes there are. Last year, Morning Consult found that: “Sixty-five percent of registered voters said they strongly or somewhat support funding Biden’s…
Senator Joe Manchin and Senate Majority Leader Chuck Schumer announced a climate, health care, and tax package last week. CBS News reports that the bill: …calls for $369 billion for…
The Bureau of Economic Analysis (BEA) has released figures for Gross Domestic Product (GDP) by state for the first quarter of 2021: Real gross domestic product (GDP) decreased in 46…
Last year, the President Biden celebrated and took credit for the fact that your Independence Day cookout would cost, on average, 16 cents less than it did in 2020: Since…
He superficially understands the “why” but has it all backward on the “what now.” A Pew Research poll last month found that 70% of Americans view inflation as a very big problem…
Two weeks ago, I wrote about how Minnesotans’ per capita Personal Incomes were falling in real terms. The Bureau of Economic Analysis (BEA) released data today for the first quarter…
Writing about the April inflation figures last month, I noted that “gas prices have been ticking up again recently… and this will be reflected in next month’s CPI numbers.” That…
Louis D. Johnston, a Professor of Economics at College of Saint Benedict | Saint John’s University, wrote a column for MinnPost back in December titled: ‘An overlooked piece of good…