Commentary It was another month of devaluation of the dollar for Americans, another month of stealth taxation through monetary debasement. This one matters not only because they show that “very bad” is not getting better. It reveals that nothing the Fed is doing is yet working genuinely to tame the disaster. The dollar’s purchasing power…
Beijing: The Population of China Starting to Decrease
August 8, 2022
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Analysisbirth rateChinaChina Business & EconomyChinese Regimefertility rateOpinionpopulation declinereporters
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News Analysis The Chinese regime declared on Aug. 1 that China’s population has begun to decline, and the problems of aging and low birthrate have become worse. This is the first time that Beijing has announced its population is in a phase of negative growth since the Chinese Communist Party (CCP) took power in 1949….
The Jobs Hoax
August 8, 2022
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AnalysisBusiness & MarketsBusiness Columnistsinflationlabor participationOpinionrecessionU.S. economyunemployment rate
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Commentary It took the better part of the weekend to unravel the truth behind the headlines that Biden presides over a job-creation machine. Looking at the details beneath the big claims paints a frightening picture not of a growing and enterprising economy but rather the opposite. What we find is a picture of an increasingly…
Education Is in Shambles
August 5, 2022
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AnalysisBusiness & MarketsBusiness ColumnistseducationHomeschoolinglockdownsmandatesmandatory maskingOpinionpublic schoolsschool closuressocial distancing
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Commentary The single most bizarre aspect of the pandemic policy response was the shutting of schools, public and private. One country never did that—Sweden—and the results were fabulous: zero deaths and zero educational losses. That this was the right choice should have been obvious from the beginning. COVID was never a serious threat to kids,…
Here Is What Stagflation Looks Like
August 4, 2022
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Analysisconsumer spendingCOVIDCOVID-19household debtinflationlockdownsOpinionstagflationU.S. economy
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Commentary Yes, we have some stagflation. Subsequent to the pre-COVID peak in Q4 2019, real final sales of domestic product have slowed to a crawl, rising by just0.73 percent per annum during the last 2.5 years. We much prefer this measure over real GDP because it removes the abrupt inventory swings from quarter to quarter, which…
The Commotion About Carried Interest Tax
Commentary A government spending deal formulated by Senate Democrats could finally lead to increasing the tax rate on so-called carried interest income. It’s a capital gains tax applied to an arcane concept—irrelevant to 99 percent of taxpayers—that has been debated in the halls of Congress for more than a decade. Taxing carried interest at the…
US Government: The Corrupt Bank That Cannot Fail
August 4, 2022
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administrative stateAnalysisbureaucracyBusiness & MarketsBusiness ColumnistsDeep StateinflationInflation Reduction ActOpinionrecession
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Commentary Most of us barely paid attention last week when Congress, entirely under the control of one party, passed two huge pieces of legislation with a price tag of $730 billion. We get the headlines—transition to green energy and support chip manufacturing—but not the details simply because they are too voluminous. Members of Congress do…
‘Inflation Reduction Act’ Is Euphemism for Big Government Socialism, Higher Prices
August 3, 2022
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AnalysisChuck SchumerdepressioninflationInflation Reduction ActIRSJoe Manchinminimum taxesOpinionprice controlsrecessionstagflationtax hikeU.S. economy
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Commentary In the midst of a recession, with inflation eating away an average of $6,800 in purchasing power from the incomes of families with two workers, the so-called Inflation Reduction Act would impose tax increases, manipulative federal subsidies, and price controls on every American family. The bill would deepen the growing recession, continue to depress…
Labor Markets Are Fragile and Beginning to Break
August 3, 2022
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AnalysisBusiness & MarketsBusiness Columnistsinflationlabor marketslabor participationOpinionrecessionU.S. economyunemployment rate
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Commentary The Biden administration’s main talking point against the existence of recession is the unemployment rate. Sadly, a “rate” never hired or paid anyone. In the real world, there are signs of growing strains once you disaggregate the data by income expectations, gender, and other factors. There is no shortage of jobs available in lower-wage…
The Lockdowns Kicked Off This Depression
August 2, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsdepressioninflationInflation Reduction Actlabor participationlockdownsOpinionprosperityrecessionstagflationU.S. economyunemployment rate
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Commentary If you were on vacation last week, good for you. You missed one of Congress’s greatest-ever scams. They just approved some $750 billion (do these numbers even mean anything anymore?) to “transition” us from fossil fuels and coal over to reliance on the wind and sun, and also to subsidize a bunch of chip…
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