Do people want central bank digital currencies, better known as CBDCs? Countries that have experimented with or launched digital versions of their respective currencies have witnessed little fanfare for these endeavors. Put simply, they are not appealing to the general public. Yet governments are still foisting them onto their populations, perhaps because they might be […]

The Congressional Budget Office (CBO) updated its 2024-2034 economic and budget outlook. The report was not pretty for Uncle Sam. For more episodes, click here.

Will former President Donald Trump return the US tax code to where it was before 1913? The presumptive Republican presidential nominee briefly floated the idea of putting the kibosh on the income tax and replacing it with a tariff. While an unlikely public policy proposal, it does generate exciting possibilities for the United States economy […]

Is it time to stop worrying about the war on cash and begin paying with your face? Over the past decade, the movement toward a cashless society has been gaining steam. In a climate hyping all things artificial intelligence, this world could be coming close to being realized. The War on Cash – Eyeballs, Faces, […]

The US auto loan market could be the next notable financial crisis in the economy. So, how bad are things?

The US labor market has been described as red hot, but reality paints a different picture. For more episodes, click here.

Have former President Donald Trump’s financial burdens been resolved? The markets, the political arena, and his legal adversaries paid attention to Wall Street this last week. It was not to see if the Dow Jones Industrial Average would close above 40,000 or if cocoa prices would reach $9,000 per metric ton. Instead, many were waiting […]

Unsurprisingly, the Federal Reserve kept 23-year-high interest rates unchanged at the March Federal Open Market Committee (FOMC) policy meeting. What was notable from the latest powwow of monetary authorities was central bank chief Jerome Powell confirming that his associates will cut rates three times this year, come hell or high water. But while the Fed […]

Is it the 1980s all over again? The US could be bracing for another round of inflation.

The White House has unveiled its election-year budget proposal. The price tag? $7.3 trillion. President Joe Biden’s wish list attempts to convince voters that Bidenomics, not Trumponomics, is the answer to America’s economic challenges. For now, it is a framework that will not be implemented in its entire form. Instead, the blueprint will face Republican […]

President Joe Biden and his administration have repeatedly stated that Bidenomics is about building the economy from the middle out and the bottom up. The Federal Reserve insists that the US economy is doing well and the post-pandemic climate is great. A glance at the treasure trove of data suggests that this accurately represents the […]

Last year, Big Tech and finance were the chief sectors culling their workforce numbers. While this persists in the beginning of 2024, media layoffs have now become one of the top storylines in the US labor market so far this year. Some of the world’s biggest media brands are slashing their payrolls in an effort […]

White House Press Secretary Karine Jean-Pierre recently blamed Russian President Vladimir Putin for inflation in the US. Much like blaming the border crisis on Republicans despite years of Trump wrangling to “Build That Wall,” this effort to project American inflation onto Putin’s shoulders rings hollow. Examining this false claim exposes greater truths – Biden policies, […]

After the pandemic-era inflation bombs went off, from the CARES Act to the American Rescue Plan to the Federal Reserve’s multi-trillion-dollar stimulus and relief measures, flames engulfed the US economy. The economic landscape began dousing the fire after the consumer price index (CPI) reached 9.1% in June 2022. Nearly two years later, the inflationary disaster’s […]

As the first anniversary of the banking meltdown looms, the US is on the brink of experiencing another bank failure. This time, meet New York Community Bank, a regional institution proving that the challenges that gripped the financial system in March 2023 have yet to vanish. Could the nation witness the downfall of another entity? […]

The US economy is booming – or so the headline gross domestic product (GDP) data for the fourth quarter makes it seem. Everyone thinks the fat lady of the soft landing is singing, from President Joe Biden to Treasury Secretary Janet Yellen to the financial markets. As is typically the case with government data, however, […]

Do tax cuts really result in debt and deficits? It’s time to debunk the myth.

Happy Festivus! It’s a time for all families to come together at the aluminum pole, airing their grievances and engaging in feats of strength. It is also that special day of the year when Sen. Rand Paul (R-KY) provides taxpayers with the gift of his ninth annual Festivus Report, highlighting all of the government waste […]

President Joe Biden has ostensibly abandoned “Bidenomics,” a term used to describe his economic doctrine.

a suit to recover those taxes, and is expected to reveal how the Court will treat a wealth tax – recently touted on President Biden’s X account.

What is going on with the US economy these days? For the second time this year, the United States has been slapped with a credit downgrade. The first occurred this past summer when Fitch Ratings blindsided the financial markets and the White House by cutting the long-term foreign-currency issue default rating from AAA to AA+, […]

President Joe Biden and his administration have warned taxpayers of trillion-dollar deficits over the next decade. But while guaranteeing budget shortfalls is a chief tenet of Bidenomics, determining how to fund these gaps has become much more complicated in recent months. The Treasury Department had a eureka moment to cover the widening deficit: Borrow more. […]

Economics and politicians go together like peanut butter and sardines or saltines and blueberry jelly. Therefore, it’s hard to lament Vice President Kamala Harris and her blatant disregard for the facts on some elementary information. In an interview with CBS’ 60 Minutes on Oct. 29, the vice president made some head-scratching claims that anyone with […]

Is steel a critical component to the US economy? For decades, the United States had been one of the biggest markets for production and exports of the raw material. However, the days of men in their overalls carrying a lunch pail to the factory to manufacture steel are long gone. In recent years, the domestic […]