Hillary Clinton goes off the deep end

Hillary Clinton goes off the deep end: During a video conference of the Laborers’ International Union of North America, she asked, “Why aren’t I 50 points ahead?” Could it be because she is a loathsome, dishonest human being? The Democrats have long claimed to be for the working man of this country, but the Democrats’ …

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Why Federal Reserve policy is failing They don't succeed because they can't succeed

We said yesterday that it’s better if the government quits trying to ‘direct’ the economy. Today, from The Wall Street Journal: Central Bank Tools Are Losing Their Edge Central banks have shown the will to hit their growth and inflation targets. But do they have the way? By Greg Ip | September 21, 2016 7:52 …

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Sometimes it’s better to just leave things alone

Yeah, I believe this one! Janet Yellen fired back at @realDonaldTrump today. “We do NOT take politics into account in our decisions” https://t.co/sBFameaDcp pic.twitter.com/1WscjqsZGL — Heather Long (@byHeatherLong) September 21, 2016 And another one from Heather Long, who’s fast becoming one of my favorite economic reporters: Why didn’t Fed raise rates? Here’s what Yellen says: …

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Economics 101: When more low-skilled refugees are accepted, more low-skilled Americans see their wages decrease

We asked previously why we should bring in 110,000 Syrian refugees when we already have a too-high U-6 unemployment rate. Now this from The Wall Street Journal: What Happens to Wages When Refugees Arrive? More Than You Might Think An influx of refugees can hurt the economic prospects of natives with similar skills, but benefit …

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Maybe this is how a socialist country fights obesity?

From The Washington Post: In a hungry Venezuela, buying too much food can get you arrested The Washington Post | Mariana Zuñiga, Nick Miroff | September 15, 2016 BARQUISIMETO, Venezuela – The hunt for food started at 4 a.m., when Alexis Camascaro woke up to get in line outside the supermarket. By the time he …

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Why bring in 110,000 refugees when we can’t take care of all of our own people?

We have previously noted that the ‘official’ U-3 unemployment rate of 4.9% is really a bogus statistic, and that the U-6 unemployment rate of 9.7% is a far more accurate indicator. In August of 2016, the “participation rate”1 in the labor force was 62.8% of the eligible population; that was lower than any August of …

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CNNMoney says that “The general public has ‘extremely little factual knowledge’ about the job market and labor force” The truth is that the public have a better understanding of the economy than our learned economists

From CNNMoney: Most Americans think unemployment is a lot higher than 5% Americans think the economy is in far worse shape than it is. by Heather Long | @byHeatherLong | September 6, 2016: 2:28 PM ET The U.S. unemployment rate is only 4.9%, but 57% of Americans believe it’s a lot higher than that, according …

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The case for Carly Fiorina

From Paul Mirengoff on Powerline: A case for Carly Fiorina Our friend Dave Begley has been running the rule over the Republican presidential field as it passes through Council Bluffs, Iowa and other venues not far from Omaha, Nebraska where Dave resides. We are proud to have featured his excellent reports on Power Line. Now, …

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#CarlyFiorina and Zero-Based Budgeting

We noted yesterday one way that the Congress can get the budget under control and reduce spending. Another is zero-based budgeting, which is supported by Republican candidates Carly Fiorina and Jeb Bush and former candidate Rick Perry. Zero-based budgeting is a simple concept in theory, but a difficult one in practice: it requires each federal …

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