There is no good reason for the Federal Reserve to raise interest rates right now

From The Wall Street Journal: Fed Rate Rise Could Come ‘Relatively Soon’ as Data Point to Stronger Economy Fed Chairwoman Janet Yellen tells Congress the economy is making ‘very good progress’ amid some of the best government data in decades on housing, jobless claims and inflation By Kate Davidson | Updated Nov. 17, 2016 9:57 …

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The brilliant economist who designed the failed 2009 stimulus plan tells us that Donald Trump’s economic plans are going to fail

From The Washington Post: Trump can’t repeal the laws of economics By Lawrence Summers1 | November 14 at 1:00 PM Following a brief market plunge, the president-elect’s speech last Tuesday night was more conciliatory than many expected and emphasized his commitment to infrastructure investment. Investors have, on balance, concluded that the combination of a shift …

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One way to start draining the swamp

From Investor’s Business Daily: Good News: 35% Of Government Workers Might Quit If Trump Wins Editorial | November 1, 2016 A new survey finds that more than a third of federal workers are threatening to quit their jobs should Donald Trump prevail in the presidential election. If only that were true. A survey of federal …

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Both Donald Trump and Hillary Clinton want to pile on more and more debt

For those of us who have been thoroughly critical of President Obama’s profligate spending and piling on of debt, intellectual consistency requires that we be concerned about both Donald Trump’s and Hillary Clinton’s plans to pile on even more. Sadly, the Republican candidate is even worse than the Democrat on this: GOP think tank: Trump’s …

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Yes, this has been the worst economic recovery since World War II

From Heather Long, pretty much my favorite writer on CNNMoney: Yes, this is the slowest U.S. recovery since WWII by Heather Long and Tami Luhby | @CNNMoney | October 5, 2016: 7:44 AM ET Donald Trump is fond of saying Americans are living through the worst recovery in modern times. He blames President Obama for …

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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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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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