Arthur Laffer: 'I made a vow that I would never, ever work for a government again’
 05/08/24 12:00AM - This is part of a series ‘Economists Exchange’, featuring conversations between top FT commentators and leading economists The economist on the mis-steps of the Fed over interest rates and the markets. Few economists have a curve named after themselves. One of the exceptions, Arthur Laffer, is best known for the moment in 1974 when he drew a …more…
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James Lynch: Judge Indefinitely Postpones Trump’s Classified Documents Trial
 05/07/24 05:41PM - Former president Donald Trump's criminal trial in Florida for allegedly mishandling classified documents is being postponed indefinitely. Trump-appointed judge Aileen Cannon ordered a new pretrial schedule for motions and discovery Tuesday afternoon after the classified documents case was originally scheduled to go to trial later this month. …more…
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Ed Yardeni: Monster Trucks With Monster Bills
 05/07/24 02:15PM - Since just before the pandemic during January 2020 through March of this year, the CPI indexes for new autos, auto maintenance & repairs, and auto insurance are up 21.0%, 34.8%, and 44.6% (chart). These all exceed the 20.6% increase in the headline CPI over this period. Why?Americans are buying lots more expensive light trucks than passenger …more…
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Robert Bryce: What The Media Won’t Tell You About The Energy Transition
 05/07/24 09:52AM - The hype, and the reality, about the energy transition in 10 charts. Over the past few days, I’ve searched the NewsBank archive for uses of “energy transition.” One of the earliest uses of that now-ubiquitous phrase occurred in the Christian Science Monitor in 1981. In a dispatch from Nairobi, a reporter named Richard Critchfield explained …more…
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Stanley Druckenmiller: "Bidenomics: If I Were A Professor, I'd Give Them An 'F'
 05/07/24 08:30AM - Investor Stanley Druckenmiller on Bidenomics: "If I were a professor, I'd give them an 'F'." pic.twitter.com/WfsU4ecO6y– Squawk Box (@SquawkCNBC) May 7, 2024 Billionaire investor Stanley Druckenmiller on Tuesday blasted the Treasury and Federal Reserve for failing to slow inflation and said his overall grade of "Bidenomics" would be "F" during …more…
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Peter Morici: The Fed should let Treasury yields rise and end its obsession with lower rates
 05/07/24 07:05AM - Higher interest rates are actually healthy for stocks and the economy. For too long, U.S. Federal Reserve policymakers have focused on when interest rates could be lowered to avoid a recession. Instead, economic growth and stock values over the long term would be better supported by letting markets take rates higher. The consensus among …more…
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Stephen Moses and Brian Blase: Letting Heirs Bilk Medicaid Is Bad Policy
05/07/24 06:30AM - So why stop recovering those funds for the truly needy? More than a dozen members of the House of Representatives have introduced legislation that would increase federal Medicaid spending by ending estate recoveries. The proposal, which was discussed at an Energy and Commerce Committee legislative hearing on April 30, would let individuals …more…
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Judy Shelton: Getting Monetary Policy Back on Track
 05/07/24 06:00AM - A book that offers up the weighty observations of leading economists, academics, and policymakers on the highly topical subject of monetary policy should rightfully be a runaway bestseller. The trick, though, is to make the discussion not only relevant for readers, but engaging and motivating. While Americans are plenty focused on …more…
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Robert Woodson: DEI Has Failed. It’s Time for Something Better
05/06/24 06:30AM - Real victories are possible when we focus on solutions instead of grievances. What comes after diversity, equity, and inclusion ? Hundreds of DEI programs are now falling out of favor across America. Far too many of those leading efforts to correct course have been satisfied with simply rolling back problematic policies and legislation. …more…
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Ed Yardeni: The Economic Week Ahead
05/05/24 05:59PM - It's slim pickings this week on the US economic front. The news is mostly about credit conditions. Then again, earnings reporting season isn't over. And, we can always count on the members of the Federal Open Mouth Committee to make headlines now that their blackout period is over. Here is what we can expect from this week's credit …more…
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John Tamny: Write It Down: Historians Will Conclude 2021-Present Was Not Inflation
 05/05/24 10:00AM - "You have to reroute all of our coffee immediately." Those were the words of Michael Haft, co-founder of Washington, D.C.-based Compass Coffee. It gets its coffee beans from the Port of Baltimore. Of course, to say that Compass gets its shipments of beans from north of D.C. simplifies what is complicated and brilliant by many, many miles. As …more…
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Komal Sri-Kumar: Fed: Nonchalance Has Benefits!
 05/04/24 09:14AM - Powell Presser Shows Little Concern on Inflation Uptick. There are two main ways of confronting adverse developments. The first is to face them frontally and deal with the consequences. The second is to act as if nothing significant happened. Federal Reserve Chairman Jerome Powell's press conference Wednesday was a classic case of the …more…
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