Month: November 2024

Portions of Trump’s 2017 tax cut have already sunset, others will expire in 2025. Extending the unexpired sections will cost $5 trillion through 2034 but will have no impact on GDP or inflation as they will simply extend existing policies.…

While the polls were once again disturbingly poor in telling us how voters planned to vote, prediction markets that rely on the wisdom of markets to offer odds on a candidate winning were materially better. The average odds from five…

While VP Harris has a bachelor’s degree in political science and economics, and former president Trump graduated with a degree in economics, you would be hard pressed to know it from their campaigns. Both candidates haven’t just demoted economic principles…

October employment growth was 12,000, the worst gain since 12/20. However, the Boeing strike reduced employment by 46,000 and the hurricanes undoubtedly also hurt. The unemployment rate held steady at 4.1% but only because the labor force declined by 220,000.…

The Friday File: In 2023, Americans spent $2.7 billion eating 5.1 billion servings of instant noodles, good enough for sixth in the world, and a per capita consumption of an impressive 15.2 servings. The U.S. remains well behind #1 China…