economy

There are probably many reasons why disability claims are going up, but Covid-19 may be one of them.

Words have meaning, and definitions can become ambiguous and 'slippery.' Language naturally evolves as words change over time, but frequently a key meaning is lost and there is no longer a single term to define a notion. This has been the case with the term 'inflation,' a prevalent one.

Keynesian programs hurt the things they were meant to help. The United States is the best example of this. A few years ago, in 2021, I talked to Judy Shelton. She told me that the recovery would be much better without the stimulus package, and she was right. Massive government spending and creating more money have hurt the economy and made people poorer.

When they spend tax money, politicians love to say that they are 'investing' in the economy. But how do they know that their 'investments' are meeting customers' most important needs?

Economics is all about the value of missed chances.

Some claim that this is not a tax because of definitional difficulties, yet it seems appropriate to term it a tax when government action transfers wealth from a group of people to themselves.

Minimum wages hurt the economy, though there are different ways to measure how much damage they do. It would be better not to have any minimum wages.

A serious political discussion at the federal level would center on structural problems of war and peace, debt and the dollar, and entitlements. But America in 2022 is a deeply unserious country.

Prices tell us important things about how our economy is doing.