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ECONOMICS

Take Your Foot off the Gas

Estimated Reading Time: 4 minutes

In 1991, a year after his controversial firing as men’s basketball coach at North Carolina State University, Jim Valvano published a book titled They Gave Me a Lifetime Contract, and Then They Declared Me Dead. It’s a great title. The past few weeks’ convergence of energy and environmental news reminded me of the irony of […]

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The Stock Market Hesitates at Important Resistance Just Before FED Meeting

Estimated Reading Time: 3 minutes

Various financial markets will be focused this week on the February 1st, meeting of the Federal Reserve Board. This comes on the heels of an unusual number of other central banks conducting meetings. The meeting itself and the commentary come at a critical inflection point for the stock market. The markets since the turn of the year […]

The US Consumer Has Cracked: Discover Plunges After “Shocking” Charge-Off Forecast

Estimated Reading Time: 2 minutes

One week ago we looked at the latest consumer credit data where we found not one but two flashing red alerts: First, the total amount of credit card debt hit a new all time high, which however was to be expected from one of the most consistently increasing series across all US economic data, and […]

This is How Much the Federal Government Makes from Gun Sales in Arizona

Estimated Reading Time: < 1 minute

America’s gun industry is booming. Over 11.3 million firearms were manufactured in the United States in 2020, more than double the 5.6 million produced in 2010, and nearly triple the 3.9 million guns manufactured in 2000, according to the Bureau of Alcohol, Tobacco, Firearms, and Explosives. Surging demand for firearms has been a boon not […]

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First Small Modular Reactor Gets Certification From Nuclear Regulatory Commission

Estimated Reading Time: < 1 minute

The Nuclear Regulatory Commission announced the first-ever certification Friday of a small modular reactor design, a big step in the process of developing a new generation of new and more flexible nuclear reactors. The NRC approved the reactor design from NuScale Power, making it the first SMR design to be certified by the regulator and […]

Poll: Americans Say Economy is in Trouble

Estimated Reading Time: < 1 minute

Americans think the U.S. economy is in trouble, according to a new poll. Released by CBS News and YouGov, the poll found that 64% of those surveyed said the national economy is doing “fairly bad” or “very bad.” The survey found 56% disapprove of the job Joe Biden is doing as president. Those two figures […]

Study Shows Government’s Family Leave Mandates Have Thwarted Women’s Wage Gains

Estimated Reading Time: 4 minutes

Men and women alike should be able to take time off from work for family and medical needs without the risk of losing their jobs. Unfortunately, when policymakers turn something that should be voluntarily offered by employers into a rigid legal mandate, unintended consequences ensue. In the case of family and medical leave laws in […]

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MMT Is Dead. It Must Now Be Buried for Good

Estimated Reading Time: 4 minutes

In the late 1960s Milton Friedman clarified his famous quip by stating that “In one sense, we are all Keynesians now; in another, nobody is any longer a Keynesian.” In the first part, we are all Keynesians because the government’s out of control spending has forced us to be. In the latter sense, we are […]

Our National Debt Crisis – Let’s Begin by Throwing Big Bird Off The Cliff

Estimated Reading Time: 3 minutes

The initial sparring and positioning over the debt limit have begun and not surprisingly, the Democrats are pulling out their past winning arguments that have kept any of the huge entitlement programs off limit to any kind of reform. The past arguments can be summarized as “pushing Granny off the cliff”, a theme derived from […]

Op-Ed: Social Security’s impending bankruptcy doesn’t resonate with voters, yet

Estimated Reading Time: 3 minutes

I am not a constitutional lawyer, but I see nearly zero chance that funding Social Security out of the general fund would be allowed for any significant length of time. It is at best a fool’s errand to hold out hope that Congress will be able to float the program’s imbalances out of the general […]