By: Ryan McMaken Money supply growth fell again in December, falling even further into negative territory after turning negative in November for the first time in twenty-eight years. December’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. During the thirteen months between April 2020 and April […]
Uh, CNN? MSNBC? Joe Biden claims he cut ‘the debt’ by $1.7 trillion in his first two years
President Joe Biden has a flair for lying. It is his special talent. The latest fib occurred a few days ago when he told the audience at a Democratic National Committee (DNC) fundraiser that his administration cut “the debt” by $1.7 trillion in his first two years in office. That’s right. “The debt.” “The two […]
Robert Reich or Wrong? Tax Cuts Did Not Fuel Debt Explosion
By: Andrew Moran The US is embroiled in another political theater of the absurd. This time it is the debt ceiling: Republicans are politely asking to enact spending reforms, Democrats are demanding to raise it, and former Labor Secretary Robert Reich is blaming everything on tax cuts. Like fellow Keynesian economist Paul Krugman, Reich is on […]
Joe Biden: ‘More than half the women in my administration are women’
So, did President Joe Biden make a blunder, or is he saying that half the women in his administration are women and the other half are mentally ill people who think they are women? Biden: "More than half the women in my administration are women." pic.twitter.com/v0dPOE5iiG — Greg Price (@greg_price11) February 2, 2023
A look at this week’s labor data ahead of key January NFP report
Here is a look at the labor numbers before the January jobs report from the Bureau of Labor Statistics (BLS): Employment Cost Index (ECI) Q4: +1 percent ADP Employment Change: +106,000 JOLTs Job Openings: 11.012 million JOLTs Job Quits: 4.087 million Institute for Supply Management’s (ISM) Manufacturing Employment: 50.6, down from 50.8 Job Cuts: 102,943 […]