ECONOMICS

Authored by Alexander William Salter via The American Institute for Economic Research,

The Federal Reserve has a 2-percent inflation target. Central bankers are supposed to conduct monetary policy such that the long-run trajectory of the price level follows a 2-percent growth path. Most policy-focused macroeconomists think this is a reasonable way to achieve price stability and predictability without running the risk of deflation. But some economists want the Fed’s inflation (more…)

by Clarissa Hawes of FreightWaves

About 2,000 truck drivers, warehouse and dock workers, and office personnel of Humble, Texas-based U.S. Logistics Solutions (USLS), formerly Forward Air Solutions, say they were blindsided late Thursday when they were notified via conference calls or by text messages that the company was ceasing operations and that they would not receive paychecks Friday.

Eric Culberson, former president of USLS, confirmed the closure in a LinkedIn post on (more…)

Authored by Daniel Lacalle,

Deficit spending is not a growth tool. It is the recipe for stagnation.

The latest Congressional Budget Office (CBO) budget and economic outlook estimates show the extent of the challenges of the United States fiscal nightmare.

The CBO expects a budget deficit of $1.9 trillion in 2024, a year of alleged robust economic growth and record tax receipts. They expect revenues to reach $4.9 trillion, or 17.2 percent of GDP, in 2024, which will rise to 18.0 (more…)