Category Archives: Keynesian economics

Are Consumers Happy, Will Continue to Spend?

Financial FAQs I mentioned last week the big question remains, with March’s initial estimate of Q1 GDP growth, will consumers continue to maintain their share of consumption and continue to boost economic growth? Today’s release of February and March Personal … Continue reading

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First Quarter GDP Growth Beats Estimates

Popular Economics Weekly Surprise, surprise, first quarter GDP growth beat the estimates of economists and pundits, but it wasn’t for the usual reasons. Spending at the state and local level jumped 3.9 percent after a 1.3 percent drop in the … Continue reading

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Laffernomics and Tomorrow’s GDP Estimate

Financial FAQs The decline of so-called Laffernomics, an economic theory first proposed by conservative economist Arthur Laffer in 1974, posited in so many words that lower tax rates of the wealthiest, in particular, would increase overall tax revenues as well … Continue reading

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Part II—What’s Wrong With Capitalism?

Financial FAQs Pete Buttigieg, Mayor of South Bend, Indiana and Presidential candidate, said to NBC’s Chuck Todd, “of course I’m a capitalist and America is a capitalist society, but it’s got to be democratic capitalism,” per the NYTimes’ Michael Tomasky. … Continue reading

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What’s Wrong With Capitalism?

Financial FAQs Winston Churchill once said, “No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of government except all those other forms that have been tried from time to … Continue reading

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Ignore the Bad News-Goldilocks Is Back!

Financial FAQs Why has the Fed stopped raising their interest rates? Because this is the lowest inflation rate for ‘core’ consumption expenditures in three decades, as this FRED graph from 1980 onward portrays. fred stlouisfed.org. “We are almost 10 years … Continue reading

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This Is Not a Recession!

Financial FAQs fred stlouisfed.org. There is no ‘looming’ recession about to happen, in spite of the warnings from pundits; none of whom are reputable economists to date. For instance, Trump’s new pick for the Federal Reserve Board is not a … Continue reading

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