Democrats used to be the party with drop-off voters. That has flipped.
inflation
Posted inEconomic Policy
Why the Full Employment Created by Bidenomics Should Be Celebrated
The economy has many problems. But the labor market hasn’t been doing this well in many decades.
Posted inTAP
Does Jay Powell Want to Elect Trump?
Today on TAP: Most of the sources of inflation are either the result of the Fed’s own policy, or have nothing to do with domestic demand, such as the rising price of oil.
Posted inTAP
The Economy: Steady as She Goes
Today on TAP: The Fed needs to understand that this economy defies its models. It should begin to cut rates, and get ready for a whole other kind of inflation driven by climate change.
Posted inEconomic Policy
This Economy Is Breaking All the Rules—and Thriving
A COVID-driven recession with temporary inflation is now followed by a strong recovery that follows no standard models.
Posted inEconomic Policy
It’s Natural That People Feel Bad About the Economy Right Now
Look past the headline numbers and the story begins to emerge. Whether Biden’s strategy can outlast this rough patch is another question.
Posted inEconomic Policy
Jay Powell’s Federal Reserve: Protection for Bankers, Pain for Everyone Else
Continuing interest rate hikes as the Black unemployment rate starts to tick up reveal a misunderstanding of monetary policy history.
Posted inEnergy and the Environment
After Securing State Contracts, Wind Developers Demand Subsidies and Higher Rates
Facing inflation and permitting hurdles, wind developers are turning around to ask for more cash. The immediate headwinds may conceal longer-term problems in wind energy.
Posted inTAP
Ambassador Yellen
Today on TAP: Her trip to China softened rhetoric but changed nothing.
Posted inEconomic Policy
Biden’s Unheralded War on Poverty
By creating a full-employment economy, Biden enabled millions of low-wage workers to raise their pay.
