Trump / Economics
As we all get out the bowls of snacks at 8 pm tonight to settle down and watch a civilization get obliterated on live TV, we might want to consider what a “deal” to avoid it would have looked like. More importantly, we should ask the question, “Would you make a deal...
COULD TARIFFS REPLACE THE INCOME TAX? In 1913 the 16th Amendment to the Constitution was passed, allowing for Congress to establish an income tax. Immediately, a bill was passed and enacted with a Progressive Tax, leveling higher rates on those who could better...
NOT AS STRONG AS YOU THINK YOU ARE Maybe you were in business, and you decided that you could raise your price because your product was market-dominant. Perhaps that strategy backfired; your customers felt alienated and decided to go to another supplier anyway, and...
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...
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...