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- 3 days ago
- 5 min
Despite Reports of its Demise, Globalization is Alive and Well, But It's Changing a Bit
With the election of Donald Trump and the rise of Populism, again at the beginning of the Covid pandemic, and most recently when Russia's invasion of Ukraine, many political pundits declared the end of globalization, predicting that the new nationalism, Covid-related supply chain issues, and a war in Europe would dramatically reduce international trade and bring on a period of de-globalization and protectionism. Thankfully, those pundits were wrong. After a dip during Covid-e
- Jan 19
- 3 min
New Studies Demonstrate The Importance of Immigration to America's Economy
Immigrants are vital to America's economic success. There is a mountain of research to prove it and two recent studies underscore why it's true. One of the central arguments made by those that want to reduce legal immigration is that the individuals who come to the United States take the jobs of native-born Americans. The argument is based on the notion that there are a set number of jobs in the economy and that every job taken by an immigrant reduces the number available to
- Oct 30, 2022
- 3 min
GOP Plans to Cut Social Security & Medicare & Give Tax Breaks to Corporations Won't Reduce Inflation
Republicans across the nation are hammering Democratic candidates on the current rate of inflation, using the tagline "reckless spending" and insinuating that the bipartisan infrastructure bill and President Joe Biden's Inflation Reduction legislation somehow caused the problem by increasing the budget deficit. It's true that the Inflation Reduction Act won't reduce inflation much in the short term but it will save money for Americans struggling with higher prices by lessenin
- Aug 12, 2022
- 2 min
New Reports: Wholesale Prices Decline & Retail Inflation Drops to Zero in July as Gas Prices Tumble
According to three new reports this week, inflation at the wholesale and retail levels both declined in July as gas prices tumbled and retailers cut prices to move backlogged inventory. Axios: "Consumer prices were unchanged in July [compared to June], as plunging prices for gasoline dragged the Consumer Price Index [CPI] down to zero. Core inflation, which excludes energy and food, rose only 0.3%, below what analysts expected." The July figures lowered the annual rate of inf
- Aug 5, 2022
- 2 min
Gas Prices Continue to Fall Rapidly - Thanks Joe!
Gas prices at the pump have declined for 7 straight weeks and energy experts believe they could fall further as the summer driving season comes to a close. The median price has now fallen below $4 a gallon and the average price has declined by 86 cents since June. The headline, of course, is a bit of sarcasm. As we have explained before, the President wasn't responsible for price increases in the Spring and he can't claim credit for decreasing prices now. It's simple market e
- Jul 15, 2022
- 2 min
Boris is Gone, But His Brexit Legacy Remains to Punish the British People
Electing populist, narcissistic, scandal-prone morons has a steep price tag as Americans learned with Donald Trump. To be fair, Boris Johnson is a lot smarter than Donald Trump, but they both had a tendency to play fast and loose with the truth concerning even the most consequential issues facing their nations. Boris handled the pandemic much better than Trump and his support for Ukraine has been exemplary. However, he will always be remembered as the cheerleader and architec
