On Oct. 26, the Treasury Department announced the deficit for fiscal 2019 was $984 billion, a seven-year high and a 28% increase over 2018.
In a national election, the odds of any one individual’s vote changing the outcome is close to nil.
The distinction between stocks and flows is important in economic and business analysis.
The biggest driver of the cost over the four-year period is unrealized lifetime earnings of those who died from the drugs, followed by health care costs.
If a legally sanctioned private arrangement consistently relegates some “workers” to receive compensation that is much less than their marginal revenue product, expect major conflict.
What if Bohanon had been allowed to invest his Social Security payments in common stocks?
The defining characteristic of socialism is collective ownership of property, particularly in productive resources of land, labor and capital.
Shareholders vs. stakeholders? A distinction without a difference?
Even the most horrendous human tragedies can have a silver lining—that is, if government policies don’t get in the way.
Could President Trump’s decision to escalate trade tensions with China cost him re-election? If history is any guide, it probably will.
Since at least the time of John Maynard Keynes, if not earlier, economic pundits have been looking for a “golden” economic signal that predicts economic downturns.
Any tariff the United States imposes on foreign imports can be offset by interventions in the currency market.
The budget deal signed into law by President Trump spotlights the federal government’s fiscal irresponsibility.
Bloomberg analyzed the contribution to gross domestic product by industry and government in all 50 states to create the diversity index. Indiana’s GDP is most dependent on manufacturing and least dependent on government.
Pick your poison: dysfunctional incentives for those who receive benefits or massive budget-busting programs.
With more than 20 candidates for president and perhaps more in the offing, lots of wacky policy proposals to redistribute income are bound to emerge.
Investors now predict a 100% chance that the Federal Reserve will lower its interest rate target at its next meeting on July 31. The impending interest rate cut is a reversal of the Fed’s recent policy stance.
Among the foreign-born residing in the United States, the labor-force participation rate is 65.8%. For the native-born population, the labor-force participation rate is lower: 62.9%.
Extending overtime pay to millions of Americans who aren’t currently eligible will burden millions of American businesses. But workers probably stand to lose the most.
The president just awarded 78-year-old economist Arthur Laffer the Presidential Medal of Freedom. Some call the namesake of the so-called Laffer curve a kook and a fake; others see him as a hero.