Category Archives: Politics

The Tariff Wars–Part II

Financial FAQs “Trump has called “tariff” the fourth most beautiful word in the dictionary behind “God”, “love” and “religion.” CNN FREDdebt/GDP On Saturday, President Trump, just 11 days into his second term, said he will impose a 25 percent tariff … Continue reading

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Why Inflation Still a Problem?

Financial FAQs The Fed’s preferred inflation gauge, Personal Consumption Expenditures Index (PCE) isn’t declining because consumers continue to spend more than they earn. Why? BEA.gov Such spending gave a boost to retail sales and so made holiday shoppers happier. But … Continue reading

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Trump, the Lucky Loser

Answering Kennedy’s Call “Born to a rich father who made him the beneficiary of his own highly lucrative investments, Trump received the equivalent of more than $500 million today via means that required no business expertise whatsoever.” Random House In … Continue reading

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No Art of the Deal – Part II

Answering Kennedy’s Call “It’s 100 days into the Trump Presidency and looking more and more like President Trump is no more effective at running the country than his business interests. His book, The Art of the Deal was meant to tout his … Continue reading

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Why the Tariffs Debate?

Popular Economics Weekly “For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS). Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while … 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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Americans Still Fully Employed!

Popular Economics Weekly Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in health care, government, and social assistance. Retail … Continue reading

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Greater Threats = Slower Growth

Answering Kennedy’s Call “Fostering a culture of fear and ignorance is not the way to run a political party, or country, if it would ever come to that.” Popular Economics Reuters/January 6 I said in 2014 when writing in Huffington … Continue reading

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Bidenomics Works–Part II

Financial FAQs A large fraction of voters do suffer from economic illiteracy. Indeed, it is fair to say that an ample majority do not understand the basics of how markets work. They are especially confused about labor and international markets. … Continue reading

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Record Inequality = Record Debt

Answering Kennedy’s Call “Never spend money before you have earned it.” Thomas Jefferson Thomas Jefferson may not be the best person to quote on the dangers of debt—His slaves weren’t freed upon his death because his estate owed too many … Continue reading

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