Category Archives: Policy

The Plan Is, There Is No Plan

None, nada, just more Potemkin noise, the hallmark of this administration, coupled with massive gaslighting.  It’s up to the Governors now to get it right and land the plane. The Trump campaign strategy now seems to be keep whiping up the … Continue reading

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It’s Time For Capitalists To Help Save Capitalism

It looks the lock down in much of the country is going to last a bit longer than expected.  Small businesses account for a large portion of U.S. GDP and employ almost half the U.S. workforce.   Most of these companies … Continue reading

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Creative Destruction 3.0 Meets Roaring ’20s 2.0

Creative destruction refers to the incessant product and process innovation mechanism by which new production units replace outdated ones. It was coined by Joseph Schumpeter (1942), who considered it ‘the essential fact about capitalism’. The process of Schumpeterian creative destruction … Continue reading

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When 50 Percent Of U.S. Households Were Insolvent

Not that long ago, by the way. My good friend, David Jones, sent over some new data this past weekend.  We have been busy. Our First Take Not a lot of prose tonight as we will let the data and … Continue reading

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Midterm Political Economy Rorschach Test

President Trump and President Obama were in a big pissing match over the weekend on who should get credit for the current healthy economy. Take our Rorschach Test by viewing the inkblots economic charts and you decide.   Then take the … Continue reading

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Why ‘Deaths of Despair’ May Be a Warning Sign for America

I do worry about a world where the rich get to write the rules which the rest of us have to obey……We might be on the edge of a precipice. – Angus Deaton  Must view.  Confirms our view of a … Continue reading

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Tweet of the Day: Italy’s Impossible Trinity

"Italy lives through a euro-zone impossible trinity: you cannot be in the euro, honour your public debt, and have a broadly stagnant economy." @terzibus quoting @FrancescoPapad1 on #ItalianElections & economy #ElezioniPolitiche2018 #elezioni2018 >> https://t.co/t7NzHE3Gyp pic.twitter.com/3oUAMydS8D — Bruegel (@Bruegel_org) March 4, … Continue reading

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POTD: DoJ Flipping Off The President?

It is heating up, folks.  Keep it on your radar. Scoop: Besieged Sessions dines with Rosenstein If Donald Trump finally follows through on his rage and fires Jeff Sessions, the image with this story will be printed in history books. Tonight … Continue reading

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Semiannual Monetary Policy Report to the Congress

February 27, 2018 Semiannual Monetary Policy Report to the Congress Chairman Jerome H. Powell Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. Chairman Hensarling, Ranking Member Waters, and members of the Committee, I am pleased to … Continue reading

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