Key Fed measure shows prices rose just 0.3% in May
Inflation pressures eased slightly in May as consumer spending slowed considerably, according to a Commerce Department report released Friday. The personal consumption expenditures price index, a number closely watched by the Federal Reserve, increased 0.3% for the month when excluding food and energy, a number that was in line with the Dow Jones estimate. So-called […]
The Left is Moving to Rig All Elections Everywhere
The LEFT is now totally out of control. Fearing that they may lose against Trump and that their BS charges are so obviously political, they are now looking to charge Trump with inside trading to make him a normal type of criminal, even though this is still all politically motivated. In London, they have closed […]
Why Do We Rescue When All Hope Is Lost?
The saga of the lost OceanGate Titan submarine dominated media attention for a week in mid-June. With only five days of breathable air aboard, the world held its breath wondering if the wealthy Titanic adventurers would be saved in time. We have since learned that the underwater vehicle lost contact with its surface craft and […]
Economic Models, Mental Illness, and Consistency
There has been a long running debate going on between Bryan Caplan and Scott Alexander on how to understand mental illness. Caplan argues that mental illness doesn’t really exist. Very briefly, Caplan uses the distinction between budget constraints and preferences in consumer choice theory to analyze the behavior of the “mentally ill.” A key component […]
First-quarter economic growth was actually 2%, up from 1.3% first reported in major GDP revision
The U.S. economy showed much stronger-than-expected growth in the first quarter than previously thought, according to a big upward revision Thursday from the Commerce Department. Gross domestic product increased at a 2% annualized pace for the January-through-March period, up from the previous estimate of 1.3% and ahead of the 1.4% Dow Jones consensus forecast. This […]
