How do you operate a national economy, let alone the global economy, on a commodity so small that an errant box fan could conceivably wipe out an individual's wealth?
Donald Trump whined about the Federal Reserve doing what it has to do to cut off rising inflation rates...
The fact that so many Americans are not participating in the labor force today, a problem that exploded under Obama, so he bears responsibility, is the single largest problem facing America today, and Trump and his supporters never talk about it.
Americans should remain skeptical of the rosy picture painted by the latest jobs report, because fundamental problems in the economy remain.
There are a lot of things that look good in the last few quarters, and growth remains solid, particularly if the 3.5% preliminary GDP growth rate holds through revisions, but there are still some nagging doubts that won't go away.
While the economy continues to churn along even into 2018, well beyond what I had predicted, two recent events indicate that the gravy train may finally be coming to a long overdue halt.
The Trumplican's argument as to why labor force participation hasn't increased? It's too hard, because Baby Boomers.
[T]here's no more reason to believe that arbitrarily raising the minimum wage will elevate the poor to economic security than throwing them off of a building will teach them to fly.
Once upon a short while ago, Republicans feigned acceptance of these principles as properly basic, but now it seems they professed these beliefs in vain.
This "great" America was a myth. A lie. A fabrication. There was nothing about America that made it "great". It was something that was missing: competition.
The Republican pundit class is lying right into our faces, pouring falsehoods and delusions right onto the heads of the tens of millions of Americans so desperate to believe in the infallibility of their political movement that they believe everything that they're told.
[D]espite the bump in the stock market from the positive preliminary jobs numbers, it's important to keep in mind the greater perspective.
If only Venezuela were freed of the dogmatic delusions of their Marxist leadership, the solution to the economic crisis would be obvious, though not painless.
By all objective measures, the economy generated fewer jobs in 2017 than the previous 3 years. This isn't political punditry, it's merely a statement of fact.
If there's any chance of a civil political discourse at all, it's critical for conservatives and progressives to be on the same page as far as the definitions of the very terms we are debating.
The latest helping of government data on jobs and the economy are remarkably rosy, but there are more than a few dark clouds surrounding the silver linings.
As we look toward the end of the year and the 4th Quarter, the change in political leadership could change the economic landscape, depending on how quickly the Congress and White House can enact whatever policy they plan on pushing forward.
With the election upcoming, we've no choice but to wait and see if the bubble economy bursts before or after the election.
Coupled with a broad base slow down in production and construction, we still appear on track for a recession starting in 3rd quarter or 4th quarter 2016, though it does not appear to be a traditional recession.