Economics
Articles
December 5th, 2023
hand-holding-one-dollar-bill-as-other-end-of-bill-desinigrates
Since money-printing went into permanent high gear after the dotcom crash in 2000, the top 1% of households have gained $20 million each in inflation-adjusted net worth. Likewise, the top 0.1% or 131,000 households at the tippy top of the economic ladder have gained $88 million each in inflation-adjusted net worth.
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Articles
December 1st, 2023
Bill Mahr Greg Gutfeld split
For the last few generations, Western civilization has been under attack. But recently, there were some excellent defenses of it made by Bill Maher (earlier this month) and by Greg Gutfeld in his program on Fox News Channel last Friday. Gutfeld said: “So let’s talk about the death of Western civilization. It’s in trouble, people.…
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Articles
December 1st, 2023
pedestrians with shopping bags - shoppers
You must be lonely. The media say loneliness is everywhere in America. A Los Angeles Times columnist says, “There’s a mass loneliness crisis going on.”
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Articles
November 29th, 2023
Mom with empty wallet - just coins
In a romantic relationship, one cannot generally influence his partner’s emotions with rational argument. Feelings are unmediated, unruly, and mostly instinctual things. The same may be said for our…
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Articles
November 2nd, 2023
full grocery cart in NY supermarket
President Joe Biden says 24 million Americans “suffer from food insecurity!” News anchors were shocked that there is “food insecurity in the richest country in the world!” ABC hosts turned “insecurity” into “hunger.”
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Articles
October 24th, 2023
hundred dollars on the printing rollers
By: John Greenwood and Steve H. Hanke – wsj.com – October 22, 2023 Early in the pandemic, the volume of U.S. dollars in circulation soared. For two years starting in March 2020, the M2 money supply—a measure of the cash and checkable deposits in circulation plus savings deposits and other easily convertible assets—grew at an unprecedented annualized rate of 16.5%. That...
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Articles
October 9th, 2023
venezuela-poverty
By: Bjorn Lomborg – wsj.com – October 6, 2023 Well-off nations seem to have forgotten that while they’re no longer plagued by poverty-related ills such as hunger and illiteracy, most people in the world still are. Increasingly, the Biden administration and leaders of other high-income countries are putting climate policy ahead of these core development issues. When the World Bank...
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Articles
October 6th, 2023
IPI logo
Economists have long recognized a phenomenon known as the “wealth effect.” When “households become richer as a result of a rise in asset values, such as corporate stock prices or home values, they spend more and stimulate the broader economy.” Americans at all income levels experienced the wealth effect during the Trump years. “Bidenomics” has brought the wealth effect to a screeching halt, which is one big reason why President Biden’s polling numbers are so low.
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Articles
August 18th, 2023
King Joe - Joe Biden with crown
As President Joe Biden travels the country to promote Bidenomics, let’s see if he highlights one area where he is the undisputed leader when compared to other presidents: the exploding federal deficit.
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Articles
August 10th, 2023
By: Noah Rothman – nationalreview.com – August 9, 2023 In June, the Biden White House pushed all its chips in on a big gamble. The administration took full ownership of the economic status quo with which most Americans were deeply dissatisfied, branding it a product of “Bidenomics.” The administration assumed that conditions would continue to improve into 2024 to such an extent...
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