Trump received 18 written offers from countries on trade, won’t allow ‘rushed deals,’ top econ adviser says
The Trump administration has so far received 18 “written offers” from the Foreign Trade Minister this week, according to a top White House economic adviser. Kevin Hassett, director of the National Economic Council, praised the rapid progress, emphasizing that the Trump administration has not “hasted” to get those deals across the finish line. “It’s going […]
Top Trump econ adviser says White House is studying ways to fire Powell
President Trump’s top economic adviser told reporters Friday that the White House is looking for ways to fire Federal Reserve Chairman Jerome Powell despite the legal guardrail he is in his position. Kevin Hassett, chairman of the White House National Economic Council, has retreated from previous concerns about Powell’s firing, saying the White House is […]
Fmr Reagan Economist Blasts Unemployment Spike As ‘Bad Policies’ Result, Argues Trump’s Econ Plan Could Revive Growth
Former Reagan administration economist Art Laffer said on Fox Business on Monday that rising unemployment is the result of “bad policy” and touted the potential for former President Donald Trump's economic plan to restore economic growth. After announcing a 50-point cut in the federal funds rate last week, Federal Reserve Chairman Jerome Powell said one […]
Econ professor advances past Dem primary to face GOP opponent in MN 8th House district
Jen Schultz won the Minnesota 8th District Democratic Primary on Tuesday night, defeating Democratic-Farmer-Labor Party candidate John Manter. She will advance to the general election to face off against Republican incumbent Rep. Pete Stauber. The Cook Political Report ranks the 8th District as “solidly” Republican territory. Munter of Worba was a native of Albion, New […]
‘It’s Just Not’: Fox News Anchors Take Turns Pressing Biden Econ Adviser On Inflation
Fox News anchors John Roberts and Sandra Smith took turns pressing the Biden administration’s chief economic adviser Jared Bernstein on inflation. Biden told Yahoo Finance on May 14 that inflation “was at 9%” when he took office, a false claim he has repeated as recently as May 8 and April 10. Smith and Roberts jumped […]
Biden’s Chief Econ Advisor Struggles To Explain Theory Underpinning ‘Bidenomics,’ Mass Spending
Editors’ Note: At Prickly Pear, we noted the influence of Modern Monetary Theory early on. It is dangerous, it is foolish, it is very inflationary. Worse than not knowing how to explain it is the adoption of these policies in Bidenonmics. The government either crowds out private borrowers by excessive borrowing, or it pays for […]
‘I Don’t Get It’: Biden’s Chief Econ Advisor Struggles To Explain Theory Underpinning ‘Bidenomics,’ Mass Spending
Biden chief economic adviser Jared Bernstein struggled to explain modern monetary theory underpinning “Bidenomics” and mass spending in a newly released documentary. Bernstein stuttered and pondered as he attempted to explain why the U.S. government borrows money when it is capable of printing its own currency. “Like you said, they print the dollars. So why, […]