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August 8, 2025
Revise the Messenger
The Bureau of Labor Statistics (BLS) reported out the latest employment numbers on Friday, August 1, finding that nonfarm establishments added just 73,000 jobs in July compared with June. That was a…
August 1, 2025
Trump’s tariff deadline: Six experts weigh in
Trump’s trade deals have been surprising in their one-sidedness, in favor of the United States. The president’s supporters have painted this in a positive light. But it likely reflects two…
July 24, 2025
Divorce In Decline: About 40% Of Today’s Marriages Will End In Divorce
We’ve all heard the mantra that half of all marriages end in divorce. This idea often gets peddled as a way of dissuading young adults from tying the knot. If…
July 2, 2025
Have You Heard the Good News?
A quick look at some recent headlines shows that we have problems. The nation sharply and angrily divided along political lines. Rioters in the streets of Los Angeles. A destructive…
June 5, 2025
The One Thing Both Parties Agree On: More Deficits and Debt
The House of Representatives recently passed by a single vote Republicans’ “One Big Beautiful Bill” that reflects President Donald Trump’s tax and spending agenda, and GOP senators are now working to put their…
May 7, 2025
Did ‘China Shock’ Throw Millions of Americans Out of Work?
In a Wall Street Journal op-ed Monday, Treasury Secretary Scott Bessent claimed that “3.7 million Americans lost their jobs” due to the “China Shock”—the increased import competition occurring after China was granted membership…
April 24, 2025
Musk’s High-Tech Polygamy Is a Dead End
Elon Musk told a conference in Saudi Arabia last year that his listeners “should view the birthrate as the single biggest problem [we] need to solve. If you don’t make new humans,…
April 3, 2025
Trump’s Tariffs Are a Historic Tax Hike
If implemented, the tariffs announced yesterday by President Trump would constitute the largest tax increase since the 1968 levies to fund the Vietnam War. The details will matter, but my back-of-the-envelope calculation…
February 20, 2025
The American Dream Is Not a Coin Flip, and Wages Have Not Stagnated
In my last column, I showed that Americans’ assessments of the economy have tracked the official unemployment rate well over the long run. That is important because it suggests that both…
January 22, 2025
How the Trump Administration Can Hit Its Growth Target
By setting an ambitious 3% growth target, US Treasury Secretary nominee Scott Bessent has provided the Trump administration a North Star to follow in devising its economic policies. The task…