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News
Buddy, Can You Spare 1.5 Trillion Rubles?
3+ hour ago (598+ words) "Hey, buddy — lend me $10,000 today, and I'll pay you $1,686 a year for ten years, then give you the $10,000 back, too." "Hey, where you going? You can't walk away from a deal like this!" Except that's exactly what happened last week…...
Labor Market Dynamics: Shortages and Economic Implications
1+ week, 17+ hour ago (688+ words) The labor market is experiencing unprecedented dynamics as various industries grapple with ongoing labor shortages. From hospitality to manufacturing, businesses are struggling to find workers, a situation that is reshaping not only wages but also productivity, economic growth, and even…...
May Jobs Report Crushes Expectations. Democrats Most Hurt.
1+ mon, 2+ week ago (439+ words) Friday's May jobs report landed like a gut punch to every Democrat who thought he could run on the economy this midterm cycle. The Bureau of Labor Statistics reported 172,000 jobs added in May 2026, more than double the 85,000 economists had forecast....
Trump Celebrates Jobs Report for Mother’s Day
2+ mon, 1+ week ago (374+ words) In a rather amusing social media post, President Donald Trump issued a Mother’s Day message that focused on the new positive jobs report. The expected job growth for April 2026 was +65,000. But the actual growth was 115,000 added, an important win for…...
Congratulations, America! The National Debt is Now More Than 100% of the Gross Domestic Product
2+ mon, 2+ week ago (681+ words) Those are all wonderful examples of America's exceptional nature. Here's another one: Only twice in American history has the national debt equaled or surpassed the gross domestic product (GDP). Once, in the immediate aftermath of World War II, and again…...
Iran on the Verge of Historic Economic Collapse. Will It Lead to Peace?
2+ mon, 2+ week ago (718+ words) Iran's economy has passed the point of no return, and there is now no avoiding a historic economic collapse. The raw numbers tell some of the story. Food inflation is at 104% per month. Iranians have lost 90% of their purchasing power....
Beef Prices Are Still High, and There’s No Quick Relief Ahead
2+ mon, 2+ week ago (788+ words) Looking at the cost of beef in the food store, my wife, who is by far more attractive each day she blesses my life (contractual obligation met), tells me that a pound of tofu is $3.00. I was smart enough to…...
Jerome Powell Isn’t Quietly Leaving the Fed
2+ mon, 3+ week ago (874+ words) Federal Reserve Chairman Jerome Powell announced that he'll remain on the Board of Governors after he's replaced as chairman by Kevin Warsh. His announcement came after the Fed declared it will not lower interest rates. Powell's appointment to the board…...
The Triumph of Economic Freedom?
2+ mon, 4+ week ago (601+ words) Prices rise. People blame capitalism. President Donald Trump wants to cap credit card interest rates. My socialist mayor wants to freeze rents. Elizabeth Warren wants politicians to decide what prices are "excessive." So I was surprised to see economist Donald…...
HUGE March Jobs Report Leaves Democrats Speechless
3+ mon, 2+ week ago (521+ words) The so-called experts didn’t just miss the mark on March jobs numbers; they got steamrolled by reality. Economists predicted a weak 59,000 jobs. The actual number came in at a stunning 178,000. Talk about getting it completely wrong. And it’s the latest…...