The Federal Reserve’s Survey of Consumer Expectations foresees inflation returning to “pre-tariff” levels. As I have mentioned, the rising costs were a mere...
PRIVATE BLOG – Trump’s Big Beautiful Bill Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more,...
Bloomberg and the other Fake News outlets that hate Trump and want more EQUALITY, following the very same philosophies as Stalin imposed in Russia. All we hear is...
I repeatedly warned that the headlines would blame Trump tariffs for the incoming inflationary wave. Jerome Powell stated that “uncertainty is unusually...
The consumer price index rose by 0.1% in May, bringing the annual rate of inflation to 2.4%. Excluding food and energy, the core CPI came in respectively at 0.1%...
The US economy contracted by 0.2% from January through March of 2025. This is the second Q1 estimate provided by the US Commerce Department, with a third on the way...
California routinely selects groups of minimum wage workers and decides that their skill set is now worth tenfold. The state in general increased the minimum wage...
QUESTION: What is your view of Frank Knight’s view of risk versus uncertainty? HL ANSWER: Frank Knight was an influential economist and founder of the Chicago...
Moody’s Investor Service downgraded the United States’ credit rating from a top-tier rating of AAA to AA1 due to rising government debt. Fitch Ratings lowered...
