Several years ago, I wrote a post indicating that somewhere between 20% and 50% of all homes in the U.S. are underinsured against flooding, wildfires, severe storms and other disasters associated with climate change. Roughly 13% of American homes are completely uninsured, and...
The year 2025 is surprising many seers because we have enjoyed moderate economic growth despite all of the headwinds created by wars, tariffs, sticky inflation, uncertainty regarding immigration, and so on. However, lurking below the surface is an interesting phenomenon that is of...
Many people have voiced concern over the years that the Consumer Price Index or CPI understates the inflation they are actually experiencing. This concern is supported by a forthcoming book titled The Mismeasurement of America: How Outdated Government Statistics Mask the Economic Struggle...
My recent white paper The Most Important Topic in Economics discussed the interplay between population and productivity growth in determining our economic future. I pointed out that the number of annual births in the U.S. currently exceeds the number of deaths slightly, but...
To counteract inflation which peaked at an annual rate of 9% in June of 2022, the Fed increased short term interest rates eleven times between March of 2022 and July of 2023. As inflation began to moderate, it made the first of three...
Many economists believed the surge in interest rates in 2022 through 2024 would lead to a recession, and the current tug of war on tariffs is sparking renewed predictions of an imminent business downturn. The following chart depicts the Conference Board’s two primary...
