Economics
The United States and the European Union have reached a trade deal that includes a 15% tariff ceiling on most EU goods entering the US, while also eliminating tariffs on certain US goods entering the EU. The EU has also committed to purchasing $750 billion in US...
According to the current administration, there are over 20 million illegal immigrants in the US. The median age of this population is 38, and only about 0.5% are over 55 years old. Most estimates of this population peg the rate at closer to 12 million, and those same...
WHAT WILL THE US GOVERNMENT DO WITH THESE COLLECTED TARIFFS? The tariffs paid by the US Import Companies will amount to hundreds of billions of dollars. This is money paid by US companies directly to the US government. Those US companies will either lose money by...
What would you do? Assume you own a company that manufactures products overseas. You may even own the factory, have invested millions of dollars in the building and equipment. You make products that customers import to the US for sales to US consumers. You may be...
NATIONALISM VS GLOBALISM In the previous notes I have attempted to describe how inflation is measured, how companies react to price increases, causing increased inflation, and how the inflation in the US relates to the inflation in the EU and the world in general....
As I have said, I am not an economist, just an observer and my simplification of how inflation works was intended to put us all on the same page as a basis for this note. I have spoken to two eminent economists whose views are not necessarily the same, but who have...
In my last essay I discussed how increased costs result in increased prices and how those increases in prices are measured by “inflation”. In this note I want to bring us all to the same page on how the inflation measured over the prior year results in increased...
INFLATION GAP (PART 1) This is the first in a group of essays on inflation.I am not an economist, just an observer, and I hope that those of you who are economists will correct my errors and forgive my impertinence. What I have been looking at is the relationship...
Discovery is finding out something that already exists, but that was unknown.Invention is taking what is known and creating something that has not existed before. For example, while looking for a new route to China, Columbus discovered America; or Newton discovering...
Both the Democrats and the Republicans Know Better BOTTOM LINE Politicians are motivated by how their voters perceive them. It matters that their public statements reinforce their closely cultivated political image. Deviation from that posture is seen as “selling...
DEAL OR NO DEAL? NOTE: I wrote this post over the weekend. I think it is relevant to note the events announced this morning. I am happy to hear that negotiations with China have resulted in a 90-day pause on the excessive tariffs, dropping our tariff rate to...