The Statist Peril Of Techno-Asset Inflation
The positive supply shock emanating from the technological revolution bears down on goods and services prices.
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.
Social Trust Is A Superpower
Social trust is essential to the quality of our lives, how society functions, and nearly everything else
The Telephone And The Brief Episode Of “Imperfect” Competition (1894–1906)
There is a common myth that “public utilities,” including the telephone, were so-called “natural monopolies"
Trump Raises Threat Of 50% Tariffs On Canadian Autos
He accused Canada of taking advantage of the United States and said its tariff policies have harmed American farmers.
Fabianism’s Quiet Revolution
Founded in Britain in 1884, the Society rejected the gamble of violent revolution without abandoning radical long-term aims.
What Is Trump’s New Financial Offensive Against Iran
Treasury Secretary Scott Bessent said the new campaign would target Iran’s economic lifelines and countries or entities helping Tehran move petroleum and finances.
US-Canada Trade Fight Deepens As Tariffs Hit Key Consumer Goods
Businesses now face the choice of absorbing higher costs, finding alternative suppliers or limiting imports
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.
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.