There aren’t many delightful things that came out of Q1 2025, but one of them was the very peculiar claim that the US administration would get ninety deals done in ninety days. It’s funny because that’s not how trade negotiations work.
Reviewing exit polling from the 2024 election, it’s clear that one reason Trump was elected was to address inflation. Unfortunately for all those voters, most of the current administration’s policies will raise inflation. Let’s explore how.
It’s nearly May 2025, and the White House is demanding that Federal Reserve Chair Jerome Powell “cut rates.” It’s confusingly funny because the Chair can’t actually do that. Let me explain why.
Reading through the reporting in the media and comments on social media, one can’t help but get the sense that there’s a lot of confusion behind terms like deficits, debt, and trade deficits. Let’s disambiguate!
Stephen Miran, a contributor to Trump’s anti-trade strategy, seems to misunderstand the current account deficit. A modest proposal to really address our trade imbalance.
For decades conventional wisdom has been that the US is bereft of manufacturing, Loads of folks claim “We no longer make things,” but is that really the case?
Is healthcare actually a chronically low productivity industry? Or are we looking at a strange accounting artifact, perhaps one that does not value not being dead.