I was talking with some fellow students of economics. We started discussing the 0.2% drop in estimates of Q1 GDP growth, but that quickly morphed into a discussion on politics. With a bunch of economic nerds and with a rich assortment of economic datapoints, why were we talking about politics? As we talked through that, … Continue reading A Bloodless War
The Flinchum FileThoughtful Economic Analysis and Existential Opinions
Zuckerberg is founder and CEO of tech giant, Facebook. To my knowledge, nobody ever accused him of being a nice guy. Still, he was man enough to recognize the intrusion and interference of Russia into both our 2016 election and 2018 election. In May, he convened a meeting in Menlo Park of executives from all … Continue reading President Zuckerberg
The opening salvo in this trade war was the immediate rejection of the Trans-Pacific Partnership (TPP), which I wrote then was a mistake. The Administration looked only at the raw commercial aspect of the TPP, ignoring its wider significance, especially the economic containment of China. It was a clear rejection of geo-politics as part of … Continue reading Paging Pandora
James Davison Hunter is a brilliant sociologist at the University of Virginia. As he is an excellent but prolific writer, I have barely begun reading everything he has produced. But, my thinking has already started to evolve. There are military wars, and there are culture wars. Military wars are usually caused by tribal conflicts or … Continue reading Sociological Wisdom ??
Was it a huntsman or a playerThat made you pay the costThat now assumes relaxed positionsAnd prostitutes your loss?Were you tortured by your own thirstIn those pleasures that you seekThat made you Tom the curiousThat makes you James the weak? And you claim you got something goingSomething you call uniqueBut I’ve seen your self-pity showingAs … Continue reading “Crucify Your Mind”
When was the last time you went to: www.usdebtclock.org Go, go look at it now. There are lots of numbers, all rising rapidly. Today, focus on two of them in particular. First, in the upper left, find the national debt, which is now over $21 TRILLION. Second, near the center, find the Gross Domestic Product, … Continue reading > 100 %
I hate to sound like a broken record, but . . . the Index of Leading Economic Indicators (LEI) was up again last month. This traditionally means there is no recession on the 12-18 month time horizon. Our economy being propelled by new manufacturing orders, consumer expectations, stock prices, and capital goods. But, there is … Continue reading Our Growth “Governor”
Long ago, when I was living in Texas, I read a short book, whose name is now long lost inside my memory. It speculated on how America would be different if Hitler had won World War II. Not surprisingly, it described a dystopian America as merely a state of the Ayran Nation. There would be … Continue reading Spread Too Thin ?
While it is painful to watch the vulnerable children along our southern border, it is at least visible. Less visible is mistreatment of another vulnerable population, i..e., the elderly. It doesn’t happen to large groups but to one lonely invisible individual after another. But, did you know that you can be fined between $500 and … Continue reading Invisible and Vulnerable
It was in Billings, Montana on May 26th, 2016, when the President promised:“We’re going to win. We’re going to win so much. We’re going to win at trade, we’re going to win at the border. We’re going to win so much, you’re going to be so sick and tired of winning, you’re going to come … Continue reading At Any Cost
As 2018 dawned, it looked like we were enjoying synchronized global growth. The U.S. had led the world out of the recession and now looked forward to the increasing growth in Europe and Asia. But that didn’t happen. Instead, the U.S. has gotten stronger, while the others fell further behind. For example, the Chinese central … Continue reading Disappointment
Republicans abuse Supply-side economics, which argues that a tax cut increases the budget deficit in the short run but decreases the deficit in the long run. They are hostage to the baseless belief that all tax cuts are beneficial at all times. Republicans are not aware that a tax cut will not cure the common … Continue reading Suicide Mission ?
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