Economy

The Big Risk Awaiting the New Federal Reserve Chair

The Big Risk Awaiting the New Federal Reserve Chair

If your bank account dropped from $100,000 to $80,000, would you be inclined to spend more or less? Would it matter if the drop happened all at once, or over 16 months? This is the predicament in which Federal Reserve Chairman front-runner candidate Jerome Powell...

Can President Trump’s Tax Cuts Stimulate the Economy?

Can President Trump’s Tax Cuts Stimulate the Economy?

President Trump’s tax proposal has four goals: (1) to “make the tax code simpler,” (2) to “give employees a raise” by reducing their income taxes, (3) to “level the playing field” by cutting taxes on American companies, and (4) to provide incentives for businesses to...

Don’t Overreact to Skyrocketing Consumer Confidence

Don’t Overreact to Skyrocketing Consumer Confidence

The last time consumer confidence got as high as it was this March was in December 2000, during the tail-end of the dot-com boom. Back then, though, it took only three months from that great reading for the U.S. to enter a recession. Actions Speak Louder Than Words...

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