The Federal Reserve is a fraud that doesn’t seem to know what inflation actually is

Why is Jerome Powell talking about keeping interest rates high in the face of a potentially slowing economy when he’s spent the last three years trying to slow the economy to fight inflation? “We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,” Federal Reserve Chairman Jerome Powell said… Continue reading The Federal Reserve is a fraud that doesn’t seem to know what inflation actually is

Biden’s budget is as demented as he is

“This poor kid is down a hundred-foot vessel, chimney, scraping the hydrogen bubbles off of the inside,” the President told the Special Counsel.  “And he was wearing the wrong pants, wrong jeans, and he—a spark caught fire...and he lost part of his penis and one of his testicles and he was 23 years old.”  This… Continue reading Biden’s budget is as demented as he is

The “vibecession,” the truth about the economy, and the resilience of the American dream

Like Bidenomics before it, the vibecession rests on two false assumptions, first that the economy is either the best ever or the worst ever, and second that declining inflation means declining prices. Besides, if the economy is so good, why is everyone saying the American dream is dead? Following the failure of “Bidenomics” to change people’s… Continue reading The “vibecession,” the truth about the economy, and the resilience of the American dream

Biden’s celebration of inflation was woefully premature and dramatically out of touch

While the White House was celebrating passage of the Inflation Reduction Act complete with a musical guest, inflation itself continued to ravage the economy and the Dow plunged 1,200 points.  Out of touch barely begins to describe the handling of the looming stagflationary spiral.  The experts missed it 40 years ago and they are missing… Continue reading Biden’s celebration of inflation was woefully premature and dramatically out of touch

Joe Manchin: Slayer of planets and Democrat dreams all over again

Some shows are better in reruns, so it was last week when Senator Joe Manchin stood alone against his own party once again, stopping the insanity of increasing taxes and regulations in a period of rampant inflation and slowing economic growth.  Both are the precise opposite of what economics demands, but Democrats are increasingly unmoored… Continue reading Joe Manchin: Slayer of planets and Democrat dreams all over again

Everyone knows the economy sucks except Joe Biden

In the face of obvious economic turmoil and a shrinking economy that affects every American, the President has adopted a novel strategy:  Tell everyone the economy is awesome and he’s doing a great job anyway, and then scream about all the supposed lies being told about why he messed it up in the first place. … Continue reading Everyone knows the economy sucks except Joe Biden