ECONOMICS

Via David Stockman's Contra Corner

Jerome Powell is not completely the blithering idiot he seems. Actually, playing the role of chairman of our monetary central planning agency would have done that to anyone— even Einstein.

After all, we are talking about monetary Mission Impossible here. There is an infinitely complex and opaque $26 trillion economy in America, which is deeply and intricately interwoven with a $105 trillion global GDP. As such, the US economy operates far, (more…)

Southwest Airlines is receiving a mix of praise and scorn over a policy giving obese passengers free seats to hold their overabundant girth. Basic economics suggests that it will result in healthy passengers subsidizing the humungous. Worse, some thin passengers will get booted from flights to make room. 

Southwest didn't announce its "Customer of Size" policy with fanfare. Rather, it came to wide public attention after fat TikTokkers started educating each other on how to (more…)

An economist who focuses on consumer spending has issued a dire warning about the U.S. economy in the coming year.

"Since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, to be exact," economist Harry Dent told Fox Business on Dec. 19. "This is off the charts, 100 percent artificial, which means we're in a dangerous state.

"I think 2024 is going to be the biggest single crash year we'll (more…)