Pennies Have Been Abandoned. Now What Will Be Done With Nickels?
Also, people seeing that the metal content of their pennies is worth more than the face value are deciding that it is better to store pennies in a jar than to spend them.
Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
MMT: A Political Movement without Serious Defenders
What is interesting here is not Kelton failing her academic responsibility, but the failure of the whole MMT movement to defend chartalism, a core tenet of their framework, from my peer-reviewed take-down.
US Weekly Jobless Claims Dip In Latest Week
Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 206,000 for the week ended Aug. 15 from the prior week’s upwardly revised 212,000, the Labor Department said on Thursday
Ohio Gas Prices Continue To Rise
At the same time, prices are rising across the country, topping $4 a gallon for the national average, also more than a dollar from a year ago.
Survey: Gen Zers Use Investment Money For Sports Gambling
“So many young people [are] investing and really losing enormous sums of money on what is ultimately a con,” lamented Les Bernal, national director of Stop Predatory Gambling on “Washington Watch.”
Bessent: Treasury Buyback Could Exceed Announced $4 Billion
Bessent said the department intends to “make a market” in longer-term securities, where yields have recently climbed sharply.
Trump Warns Iran’s Backers Of ‘Tremendous’ Economic Consequences
Trump said the United States would target oil smuggling, currency transfers, cash networks, ship registries and front companies
The Seen And The Unseen Cost Of A Government Grocery Discount
The lower price at the register is the visible part of the policy—what every shopper sees, every time, at checkout. But Hazlitt’s method requires looking past the immediate effect to the less obvious one.
Amazon To Expand Drone Deliveries To Nearly 500 US Cities
The expansion comes nearly 13 years after founder Jeff Bezos first unveiled the drone delivery concept.
Jamaica’s Reparations Campaign Is A Waste Of A Good Government
The petition is the work of Jamaica’s National Council on Reparations, and is taken seriously by the Jamaican government.
Keynes Before He Became A Keynesian
As president, Madison had a turn at bat with his War of 1812. Incentives change when a person becomes a state agent.
US National Debt Surpasses $40 Trillion For First Time
The debt has roughly doubled from about $19.95 trillion in 2017, with both the Trump and Biden administrations overseeing significant increases.
Why The Fed Should Not Accommodate Increases In The Demand For Money
In this way of thinking, the free market, by failing to provide enough gold, will cause money supply shortages. This, in turn, runs the risk of destabilizing the economy.
The Innovation Mirage: Why DeepSeek and Kimi 3 Do Not Settle the Question of Chinese Technological Supremacy
The instinct to treat each headline release as proof of a broader technological ascent is understandable.