Category Archives: Keynesian economics

Why the Shock and Awe?

Financial FAQs “White House aide Peter Navarro said Sunday that he expects President Donald Trump’s tariffs to bring in $6 trillion in revenue in the next decade, which could amount to the largest tax hike in US history. CNN The … Continue reading

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No Art of the Deal

Answering Kennedy’s Call ‘Insanity is doing the same thing over and over again and expecting different results,’ Einstein? Huffington Post Insane behavior could describe the actions that President-elect Trump is promising to implement after January 20. He has said he wants … Continue reading

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Why Another Gilded Age?

Financial FAQs “I remember ’29 very well … the drugged and happy faces of people who built paper fortunes on stocks they couldn’t possibly have paid for. … In our little town bank presidents and track workers rushed to pay … Continue reading

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How Do We Fix Inflation?

Financial FAQs I said last week that: “Many of us remember when a gallon of gas was less the $2, or a quart of milk less than $1, or housing was last affordable in the 1970s. I remember the inflation … Continue reading

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Bidenomics Works–Part II

Popular Economics Weekly Calculated Risk September’s unemployment rate remained at 4.1 percent but reported just 12,000 new payroll jobs due to the hurricanes and Boeing aircraft strike of 30,000 machinists. Total nonfarm payroll employment was essentially unchanged in October (+12,000), … Continue reading

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Equality Is Good for Everyone!

Answering Kennedy’s Call Vice Presidential candidate Kamala Harris made a promise at this year’s Democratic Convention. She would create programs that give every American the opportunity to better themselves. “I see an America where we hold fast to the fearless … Continue reading

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Consumers Keep Shopping

Financial FAQs It’s no secret why the US economy is still growing and fully employed. Consumers have kept spending, and such activity accounts for two-thirds of US economic activity these days. So, it’s extremely important to track how long consumers will … Continue reading

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Let’s Make America More Equal Again!–Part 2

Answering Kennedy’s Call Piketty-Saez Why did our income inequality begin to worsen in 1980, as can be seen from the above graph? The Arab-OPEC oil embargo of 1973 was the first indication that Big Business under the newly created Business … Continue reading

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Plenty of Available Jobs!

Financial FAQs As a precursor to July’s unemployment report, the Labor Department’s JOLTS report that measures the number of job openings—jobs waiting to be filled—has just come out. The number of openings is still the highest in decades, per the … Continue reading

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Q2 Economic Growth Is…?

Financial FAQs Estimates of 2024 second quarter economic growth have been all over the map, but I will attempt to separate the wheat from the chaff, so to speak. Firstly, GDP growth is mostly dependent on consumer spending, which makes … Continue reading

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