Relevant and even prescient commentary on news, politics and the economy.

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Wealth and Income

economic recovery across different sectors, industries, and groups of people in the economy. Other letter-shaped descriptors of economic recessions and recoveries (e.g. L-shaped, V-shaped, U-shaped, W-shaped), describe the path of economy-wide macroeconomic aggregate variables…

International Trade and the U.S.

Explaining the impact of International Trade. Does International Trade Hurt the United States? Econofact In my opinion, International Trade does not hurt the United States. It does expand our economic

Trump Tariffs, Who Pays?

…but these caveats are well understood and for the most part don’t apply to the tariffs imposed by the Trump 47 administration. Once tariffs became a centerpiece of Trump’s economic

A Different Look at GDP and Inflation

…calendar quarter of each president’s inauguration is allotted to the previous administration. I’ve labeled the quadrants as follows, and indicated the frequency of data points populating each quadrant. Here are…