Revising NYT History on Democrats Losing the Working Class
The New York Times had a lengthy piece giving a story on how the Democrats lost the support of working-class voters over the last three decades. The essence of the argument is that working-class voters...
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Stock Market and Budget Projections: Do the Numbers Add Up?
It’s been a while since we’ve had Mr. Arithmetic here, but with Donald Trump coming back to the White House, we may need him around. The immediate reason for consulting his expertise is the projections...
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Best Bet for 2025: Stronger Trade Ties Between Europe and China
One development for 2025 that can be seen clearly in the crystal ball is improving trade ties between China and Europe. The reason this is a virtual certainty is Donald Trump is doing everything he can...
View ArticleThe New York Times Doesn’t Know About the Affordable Care Act
That is the only possible conclusion from this NYT column on the difficulty that people in the restaurant industry face getting health care insurance. The piece literally does not mention the...
View ArticleSenator Chris Coons and the Cult of Patent Monopolies
Last week, Delaware Senator Chris Coons, the chair of the Senate Subcommittee on Intellectual Property, made an assertion about the nature of patents that is flat out wrong. Senator Coons said: “OUR...
View ArticleA Quick Note on Trade and Inequality
Oren Cass, the head economist of Compass, had a column in the New York Times today touting Donald Trump’s proposed tariffs. The gist of the piece is that “free trade” has not worked out as economists’...
View ArticleTrump Wants to Make Us Pay More for Oil and Gas
That is the implication of his latest threatened taxes on imports. Trump issued his threat on Truth Social, where he said that he would raise our taxes on the goods we import from Europe, unless...
View ArticleFixing the Media and Campaign Spending by the Rich
Virtually everyone, except Elon Musk, agrees that the rich have too much political power these days. When a single individual can put tens or even hundreds of millions of dollars behind their favored...
View ArticleGovernment-Granted Patent Monopolies Lead to Corruption #47,284
The New York Times ran an important investigative piece on how the opioid manufacturers gave kickbacks to pharmacy benefit managers (PBMs) to push their drugs, even in cases where they knew they could...
View ArticleBitcoin Won’t Put Food on the Table
Bitcoin also won’t put gas in your car or provide medical care for your family. To be clear, I mean this literally. I realize people have made millions and billions speculating in Bitcoin. They can use...
View ArticleHealth Insurance Killing: Economics Does Have Something to Say
I’m not one to generally tout the wisdom of the economics discipline, but it actually does offer some useful insights into the likely motive for the murder of Brian Thompson, the CEO of United...
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Corporate Income Tax Collections Rise When They Are Not Voluntary
As Donald Trump prepares to embark on another round of MAGA tax cuts it is worth a quick review of the corporate side of the last one, and the Biden administration’s efforts to reverse the revenue...
View ArticleFour Big Flaws in Trump’s Threat to China Over the Dollar
Last week Donald Trump made a bizarre threat on his Truth Social site that he would impose 100 percent taxes on the imports (tariffs) from any country that doesn’t take a pledge to not move away from...
View ArticleContrary to What the Washington Post Tells Readers, China is Doing a Huge...
The Washington Post had a bizarre article last week in which it questioned whether China was doing much to combat global warming. While the piece noted China’s efforts to portray itself as a world...
View ArticleCapitalism and Democracy: The Market is Far More Flexible than Christopher...
New York Times columnist Christopher Caldwell devoted his Thanksgiving piece to describing the German sociologist Wolfgang Streeck’s views on capitalism and democracy. I have not read much of...
View ArticleRFK Jr., Physicians’ Pay Schedules, and the Elites’ Big Lie
Robert F. Kennedy Jr. is known first and foremost for his anti-vaccine crusades. However, he has also been saying some things that make sense. When Donald Trump first announced him as his pick for...
View ArticleThe Mainstream Media’s Big Lie Never Stops
Eduardo Porter joined the chorus of people telling us that the inequality of the last four decades was just the result of the free market in his Washington Post column. As Porter puts it: “A paper last...
View ArticleCNN Tells Harris Not to Talk About the Economy
CNN has been at the forefront in pushing the Biden bad economy story in defiance of the data. It had two of my six favorite untruths about the Biden economy. In one case, it told people about a...
View ArticleRFK Jr. Is a Whacked-Out Crank, but He Is Right About the Pharmaceutical...
Robert F. Kennedy Jr.’s main claim to fame, apart from his ancestry, is from saying crazy things about vaccines. As has been well-documented, vaccines have not led to autism or killed thousands of...
View ArticleCBS Is Still Lying to People on Inflation
Virtually all economists saw the October Consumer Price Index report this week as providing positive news on inflation. The overall inflation rate for October was just 0.2 percent, while the core rate...
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