The Fed says that “full employment . . . means every worker looking for a job can find one” Lies, damned lies, and statistics

From The Wall Street Journal: ‘Still a Question Mark’ Around Full Employment, Fed’s Brainard Says Too soon to declare victory on labor market’s recovery from recession despite recent improvements, Fed Governor Brainard says By David Harrison | Updated May 22, 2017 9:17 p.m. ET It is too soon to declare victory on the labor market’s …

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New manufacturing in the United States

From The Wall Street Journal: The Mill That Right-to-Work Built An entrepreneur is bringing manufacturing jobs back to Kentucky—without protectionism. By Allysia Finley | May 19, 2017 7:01 p.m. ET In April the CEO of Braidy Industries, Craig Bouchard, announced his company would build a $1.3 billion aluminum mill in Ashland, Ky., creating 550 jobs. …

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Finding jobs for America’s ‘forgotten people’

From CNNMoney: Trump’s tall task: Finding jobs for America’s ‘forgotten people’ by Heather Long | @byHeatherLong | May 3, 2017: 11:13 AM ET President Trump has had one consistent theme from the first day he entered the race for the White House: “Jobs, jobs, jobs.” He thinks a lot of Americans urgently need work. That’s …

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Simplifying taxes

From The Washington Post One tax change that should be made — and certainly won’t be By George F. Will | Opinion writer | April 28, 2017 Attempting comprehensive tax reform is like trying to tug many bones from the clamped jaws of many mastiffs. Every provision of the code — now approaching 4 million …

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Utter insanity in the stock market

Today’s big headline: Tesla is worth more than Ford — and GM is in sight by Paul R. La Monica | April 3, 2017: 3:32 PM ET Move over, Ford. Tesla is now the second most valuable car company in America. Tesla’s stock surged nearly 6% on Monday to an all-time high after the maker …

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This is why Donald Trump is President: the economic isolation of the Federal Reserve

From CNNMoney: Fed official: U.S. economy finally back to normal by Heather Long | @byHeatherLong | March 29, 2017: 2:42 PM ET Congratulations, America. The economy is finally back to normal.That’s what John Williams, the head of the Federal Reserve Bank of San Francisco, declared Wednesday. “The data have spoken, and the message is clear: …

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The Fed and its economic biases

We have frequently noted how poorly the Federal Reserve has done on its economic prognostications. Now, The Wall Street Journal catches up with us: The Fed Is Stuck in the Past With Its Forecasts of the Future Recent economic forecasts that have missed the mark suggest a flaw in the central bank’s approach By James …

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The problem of remittances

From CNNMoney: I send money home to Mexico to support my family by Patrick Gillespie | March 20, 2017: 12:16 PM ET Dalia Maldonado is considered a life saver by her family and friends in Mexico. She paid for her father Francisco’s knee surgeries. She pitched in $400 for her friend Esmeralda’s leukemia treatment. And …

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Why the enforcement of immigration laws should please the left

From eater.com, a food and restaurant site: How Immigration Raids Destroy the Lives of Food Workers Comparing the tactics of Trump’s administration to the Bush era by Tove Danovich | March 16, 2017, 2:02pm EDT On February 22, 2017, exactly 55 unauthorized workers1 went missing from Mississippi restaurants after Immigration and Customs Enforcement agents (ICE) …

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The February unemployment figures

From The Wall Street Journal: In Office, Trump Changes His Tune on Job Growth Numbers He Once Denounced Democrat Party chief says ‘Thanks, Obama!’ By Daniel Nasaw | March 10, 2017 | 12:44 pm ET President Donald Trump and his allies on Friday cheered a report that the U.S. economy had created 235,000 jobs in …

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