1641. Personal Income Decreased 0.4% in May; Spending Decreased 0.1%
Bill McBride discusses the decrease in personal income and spending in May 2025, along with inflation trends and their implications for economic growth.
your daily dose of economic commentary
Bill McBride discusses the decrease in personal income and spending in May 2025, along with inflation trends and their implications for economic growth.
An argument that the Industrial Revolution marked a significant transformation in human life, contrasting past expectations of a technological Singularity with current productivity trends and future possibilities.
An argument that ending tax incentives for solar developers could jeopardize the growth of the American solar manufacturing industry.
Joe Hernandez discusses the debate over privatizing air traffic control in the U.S. and its implications for the aviation industry.
An argument that explores the impact of population growth on climate change, legal decisions regarding AI, and the current state of the bond market.
An announcement is made regarding a trade agreement between the U.S. and China, with expectations for a similar deal with India.
Scott Sumner discusses his differing views on monetary policy compared to John Cochrane, particularly regarding the effects of fiscal and monetary actions on inflation and employment.
David Henderson discusses Don Boudreaux's insights on free trade, economic history, and the impact of trade deficits during a recent talk he attended.
The post discusses the death of a notable former White House press secretary who transitioned into a celebrated television journalist.
Huo Jingnan discusses how people turned to AI for information during the Iran-Israel conflict but found limited factual content.
Edward J. Lopez discusses the implications of the Kelo v. City of New London ruling on eminent domain and suggests regulatory reforms to prevent abuse while preserving legitimate uses.
Timothy Taylor discusses Austan Goolsbee's insights on monetary policy, data analysis, and challenges in the housing market as president of the Chicago Fed.
Joshua Gans discusses the challenges of AI-generated content, particularly the prevalence of disinformation and the need for effective filtering mechanisms to maintain trust in information.
Paul Krugman discusses the implications of Mamdani's election victory and critiques the political elite's response, emphasizing issues of accountability and affordability in New York City.
Stephen Fowler discusses President Trump's income sources, including real estate, hospitality, and branding, highlighting his financial disclosures and campaign-related earnings.
The post discusses current inflation-adjusted house prices and their comparison to past peaks, emphasizing the importance of real price analysis in the housing market.
An argument that policies promoting sustainable aviation fuel from used cooking oil create unintended consequences, suggesting a carbon tax would be a more effective solution.
The author shares experiences from travels in Italy and plans for Switzerland, reflecting on personal connections, teaching, and the challenges of travel logistics with family.
Greg Rosalsky discusses the potential implications of Republicans' proposed work requirements for Medicaid, questioning their necessity and possible effects on the social safety net.
David Folkenflik discusses Kari Lake's Congressional testimony attacking the Voice of America and the implications of her actions on national interests.