MicroGroks
It is because a modern economy is so complex that nobody can know all the facts that it could not effectively be guided by a central plan but must be conducted on the basis of decentralization of decisions.
President Trump secured the Republican Party Nomination for President last night. And in classic Trumpian style, before he said a word, he spun the left up like he always does. As the crowd chants four more years, he says, “If you really want to make them crazy, say 12 more years.”
…but this graphic is worth breaking out, especially since there are some people trying to claim that the U.S. response has been uniquely bad because #OrangeManBad. The U.S. has done much better than its peer and near-peer nations at limiting economic damage, and it’s done so without maintaining a higher death rate — in fact, …
Data Point – OrangeManBad didn’t do too badly on the economy Read More »
Democrat Senator Kamala Harris won the Biden veepstakes and immediately began to spread misinformation about President Trump and the administration.
And so it finally begins? Emphasis mine, reformatted: ‘U.S. Gets a Debt Warning From Fitch as Stimulus Battle Rages.’ (Bloomberg) One of the world’s major credit-rating companies fired a warning shot regarding the U.S.’s worsening public finances on Friday…
What happens if Biden wins the presidency? Let’s think about the situation. For the first 3 years of Trump’s presidency, the stock market was rising and the economy was growing. This masks many of the factors driving a sense of hopelessness in the country. Many Americans and the nation itself have unpayable debt.
Democrats are not fans of free and open markets. They love meddling. Licensing that restricts access and creates cartels, regulations that limit opportunity, and jobs that demand tithing to their union-boss political allies. They also think they know what every starting hour of labor in every occupation is worth. They don’t.
Reformatted: Retail sales skyrocketing by 18% in May as states began to reopen their economies. Economists projected that retail sales would increase 5.2% for June. Retail sales increased 7.5% in June, the U.S. Census Bureau reported on Thursday. retail and food services sales for June were $524.3 billion, which is not only a 7.5% increase …
Longtime US Senator from Alabama and former Trump AG Jeff Sessions wanted to go back to the Senate. Mr. Trump, unhappy with his performance as AG, backed a challenger. Yesterday that guy, Auburn University’s head football coach Tommy Tuberville, won that primary.
As was pointed out by Randall in the GranitGrok Group, there is a rebound happening on Wall Street: Look at the March time frame and remember back a bit (doesn’t feel like it’s been years instead of just four short months?) and how the mainstream press was POUNDING in self-righteous silliness of how Trump’s economy …
