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.

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.

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...

The US is no longer the big dog in women’s soccer.

By: Stephen Miran – nationalreview.com – August 3, 2023 Federal-government debt that exceeds 100 percent of GDP is wildly irresponsible. THIS week’s downgrade of the United States by Fitch Ratings is both absolutely merited and totally absurd. It’s absurd because ratings are fundamentally about default risk and the United States has no foreign currency debt, and it has a central...

The Heritage Foundation ranks economic freedom across the globe. The United States once ranked No. 4 in the world, but we’ve been in decline. This year, as my new video explains, we’re 25th.  

Among designers showcased by Target in the Pride collection is Abprallen, a British, LGBTQ brand whose other works include Satanic slogans and drawings of skulls and skeletons.

Let me tell you how it will be There’s one for you, nineteen for me ‘Cause I’m the taxman Yeah, I’m the taxman These are the opening lyrics of the 1966 Beatles song “Taxman,” written by George Harrison. Why did he write it? Here’s my hypothesis. Source: We Need Another George Harrison

Traditional political wrangling over the debt ceiling is going nowhere. What about the gimmicks?

President Joe Biden and the media are excited about something new: a Central Bank Digital Currency, or CBDC. It’s a currency like Bitcoin, except controlled by the federal government.