President Donald Trump’s recent tariffs on steel and aluminum have dominated the news cycle. For the most part, Democrats and unions are in favor, while Republicans, conservatives, libertarians, and the financial experts are opposed. Where does Peter Schiff, who has railed against trade deficits in the past, stand? He thinks the import levies will place […]
Archives for March 2018
Robert Reich Gets These 7 Economics ‘Fundamentals’ Very Wrong
By: William Anderson Nearly 40 years ago, Lawrence Reed published “Seven Fallacies of Economics” in The Freeman in which he noted that much of what the public believes about economics is fallacious because most people fail to understand simple opportunity cost. Given the current trends in political economy, it is a sad certainty that most if not […]
Random Friday: The Donald meets Little Rocket Man, February jobs report, steel
News Story of the Day: so, after unnecessary back and forth exchanges, President Donald Trump has announced that he will meet with North Korean dictator Kim Jong-un by May. Good for him! More from the Associated Press: North Korean dictator Kim Jong Un and President Donald Trump plan to meet in May for nuclear disarmament […]
BANKRUPT: The End of Cheap Debt Will Bring a Wave of Bankruptcies
By: Daniel Lacalle The end of the era of cheap money highlights the risk of “Enron-style” bankruptcies in many sectors, including renewable energy. With the path of three rate hikes in the United States in 2018 confirmed by the Federal Reserve and a nervous equity market, the challenges are more evident than ever. The past eight […]
Poll: Most Americans expect a recession by 2019
The typical economic expansion is about eight years. The current expansion is going on 10 years. But with consumer sentiment surging, the national economy adding 235,000 jobs in February, and financial institutions still forecasting growth, Americans fear a recession within the next year. According to a new Marketplace-Edison Research Poll, most Americans (59 percent) anticipate […]