Commentary Many economists believe that during an economic slump, government should run large budget deficits in order to keep the economy going with increases in government outlays, with the consequent budget deficit giving individuals more disposable money. This, in turn, will result in an increase in consumer spending that will lift the economy’s gross domestic…
COVID-19: Assessing the Madness in Year 3
Commentary On the morning of Wednesday, May 4, I woke up feeling the onset of illness. My eyes burned and my muscles ached. As someone who had not been ill for more than a decade, I knew there was a problem, and I wondered if I had caught COVID-19 after avoiding it ever since its…
Biden’s Inflation Agenda: Build Back More Expensive
May 31, 2022
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billionairesBusiness & EconomyBusiness ColumnistsinflationOpinionPresident BidenThinking About China
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Commentary The Biden administration’s plans to reduce inflation will make it worse even though it has accurately identified inflation as the greatest threat facing the United States. “The President’s top economic priority is tackling inflation and reducing costs for American families,” according to a White House statement released on May 10. In 2021, the budget…
Fearful Elites Shield Globalization From Democracy
Are ordinary people served or threatened by globalization? The term itself, of course, means different things depending on who is using it. But the form of globalization that has provoked populist-oriented passions in both hemispheres in recent years has at its heart the determination to suppress people’s exercise of the powers of representative government. If,…
Recession Cometh
Commentary The housing market in the United States is practically in a state of collapse. In April, the sales of new homes fell by 16 percent. At the same time, prices soared to a new staggering record of $570,000, way above the pre-pandemic level of around $390,000. That’s an increase of over 46 percent in…
Add Barnes and Noble Booksellers to the Woke Club
May 27, 2022
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Barnes and NobleBusiness & EconomyBusiness ColumnistsLGBTQOpinionThinking About ChinaViewpointswoke corporations
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Commentary Woke corporations risk losing business by focusing on social policies that detract from business growth. When will woke corporations ever learn that woke policies offend significant portions of their customer bases? Will stockholders finally be fed up with resultant stock losses due to the implementation of woke policies that turn off customers? Woke policies…
Courting Policy Failure
Commentary European Central Bank (ECB) President Christine Lagarde seems even less aware than Federal Reserve (Fed) Chairman Jerome Powell. Both face pressure to deal with intense inflations—8.3 percent in the last year in the United States and 7.5 percent in the eurozone. But since the necessary response risks recession, Powell has moved timidly, and Lagarde…
It’s Not Just the USA: The Economic Instability Is Global
Commentary The actions of the authorities in developed countries, essentially an extension of the Keynesian economic policy discourse, have brought their economies into disrepute. These actions consist of immense stimulus and virtually unfunded government indexation of voter income in the face of expected impoverishment amid COVID, lockdowns, and other global problems. The government is making…
The Russo-Ukrainian War: A New Opportunity for Demagogues to Destroy Freedoms at Home
Commentary Politicians thoroughly enjoy times of war. Periods of bellicosity are when the most power-hungry members of the political class indulge in their most depraved political fantasies. The Russo-Ukrainian War has been no exception to this trend. Since World War II, Western politicians have taken advantage of the largest conventional military conflict on European soil…
Why the Sun Belt is Becoming An Economic Powerhouse
Commentary Americans are on the move. Before the pandemic, many Americans had already relocated in search of career opportunities and better quality of life. However, once the reality of working from home set in, millions more decided to see what other states had to offer. This redistribution of population, in which warm-weather states—with the exception…
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