– by Steve Roth Originally posted at Wealth Economics If you think human well-being matters, yeah. If there’s one armchair economic truism that I give high credence to, it’s declining marginal utility. The first ice-cream cone you eat on a hot sunny day delivers a lot of utility. The second, significantly less so. (With ice-cream cones, you pretty […]

This is a much longer report than the three charts I am showing below. Charts 3, 5, and 8 get to the issues at hand. At least, I believe so. To me, I do not believe there is any politics involved in deciding whether healthcare is important. It is important and should be readily available […]

Democrats believe Trump’s Tariff Policies resulted in the loss of jobs in manufacturing. Democrats also estimate a reduction in manufacturing investment growth by an average of 13 percent per year. Joint Economic Committee – Minority Party. “Uncertainty From Trump’s Tariffs Derails U.S. Manufacturing in Both the Short and Long Term,” WASHINGTON – The Joint Economic […]

As a professor of biochemistry, I’ve always been puzzled by the equation of red meat with dietary protein. Setting aside the fact that fish, crab, shrimp and lobster are as rich in protein as red meat and poultry, what do people think plants are made of? There’s protein in nuts, fruits and vegetables, too. “Meat […]

– by New Deal democrat Today I want to step back from the daily data and give you my Big Picture overview of the economy, particularly because Friday’s inflation report has materially changed an important component. To begin with, as I have been saying off and on for months, the economy has been essentially flat, and […]

and not because of AI. A person who taught classes on building homes, buildings, etc., I always wanted to do what he was doing in planning housing and structures. It was not in the cards back in 68 and I ended up in the Marine Corps as enlisted. Did my time and got out in […]

“it leaves entire communities worse off.” and for that matter countries are worse off if the United States closing the doors to immigration whether legal or illegal. There is always a path to citizenship. The nation does need population growth to sustain its productivity even with robotics in place. “The nation is aging. By 2040, […]

Until now, the Islamic Republic of Iran has eschewed the manufacture of nuclear weapons, ostensibly based on a fatwa by Ayatollah Ali Khameni. Since Khameni’s assassination by Israel and his replacement by his son, it’s not clear that Iran will continue to observe that fatwa. “What gives Khamenei’s death a particular doctrinal significance is that […]

EconoFact Weekend Reading: Guns vs. Butter Programs The phrase “Guns vs. Butter” is used to illustrate the choice a government must make between spending on the military and spending on social programs. President Trump’s recently released 2027 budget proposal tilts towards guns and away from butter. It calls for a 44 percent increase in defense spending, boosting it to $1.5 trillion, while reducing non-defense spending by 10%. […]

 – by New Deal democrat While inflation and interest rates took a whack at some of the data, most of the financial-related series (like the yield curve in the bond market and credit conditions) remain very positive. And consumer spending, likely by the uppermost income groups, actually posted one of its very best YoY comparisons in […]