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 2021-02-26 05:01 

Economic Policy Journal

Senate Parliamentarian Has Ruled the $15 Minimum Wage Cannot Be Included in President Biden's $1.9 Trillion "Stimulus" Package...

Senate Parliamentarian Elizabeth MacDonoughWell, a small short-term victory, on a technicality, for free exchange. Late Thursday night the Senate parliamentarian ruled that the provision to increase the minimum wage to $15/hour cannot be included in the b...

 2021-02-24 20:00 

Economic Policy Journal

The Very Long List of New York Business Leaders That Support Joe Biden's Mad $1.9 Trillion "Stimulus" Program...

More than 150 New York-based CEOs and other business leaders in a letter to congressional leaders are expressing support for President Biden's $1.9 trillion COVID-19 aid package. The list includes the leaders of top Wall Street law firms, investment b...

 2021-02-24 20:00 

Economic Policy Journal

BREAKING HOT: Entire Federal Reserve Payment System CRASHES...

The United States Federal Reserve wire systems went down completely at around around 11:15 a.m ET, making it impossible for banks and other financial institutions to transfer money.The interruption impacted multiple Fed services, including its pivotal aut...

 2021-02-24 07:53 

Economic Policy Journal

Top Economists Warn That More Mad Money Printing is Coming This Year...

Jay PowellJohn Greenwood, chief economist at Invesco in London, and Steve H. Hanke, a professor of applied economics at Johns Hopkins University, are too polite to put on paper what they must really think of Federal Reserve Chairman Jay Powell's money...

 2021-02-23 05:39 

Economic Policy Journal

What Bill Gates is Really Up To...

Bill Gates is out with a new book, How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need. He is hitting the talk show circuit promoting the book and the idea that the planet is headed for a major climatological disaster that...

 2021-02-22 05:01 

Economic Policy Journal

Prepare for the Coming "Climate Lockdowns"...

AOC with Mariana Mazzucato Do you think it can't get much worse than COVID-19 lockdowns?Think again.An establishment-connected lefty professor says that in "the near future, the world may need to resort to lockdowns again — this time to tack...

 2021-02-21 16:57 

Economic Policy Journal

How Joe Biden's $1.9 Trillion Stimulus Package Could Wreck the Economy...

On "This Week in Economics with Robert Wenzel," Robert Wenzel, editor and publisher of EconomicPolicyJournal.com, takes a look at Joe Biden's stimulus package and explains how it could wreck the economy.You can watch the YouTube version here:O...

 2021-02-21 07:23 

Economic Policy Journal

Venezuela Turns to Privatization After Being Bankrupted by Socialism...

Nicola MaduroBy Jon Miltimore Early in 2007, after winning a second six-year term as president, Hugo Chvez announced his plan to nationalize Venezuela's largest telecommunications company, CANTV, hinting at wider nationalization plans to come."All...

 2021-02-20 18:56 

Economic Policy Journal

Good Place for An Austrian School Student to Infiltrate...

We're hiring again in the US, this time for a one-year fellowship promoting @EconomistRadio's podcasts and audio. It would suit a graduate or someone with a little editorial experience who's ready to take on a full-time role. The closing date ...

 2021-02-20 18:56 

Economic Policy Journal

Sanders Says He's 'Confident' Minimum Wage Increase Will Stay in Coronavirus Package...

Bernie SandersSen. Bernie Sanders (I-Vt.) said Saturday he is "confident" that his proposed jobs killing increase of the minimum wage to $15 per hour will stay in the coronavirus relief package that Democrats are trying to pass via the budget reco...

 2021-02-20 06:32 

Economic Policy Journal

What Cobras Can Teach Us About Incentives...

This is a brilliant video which highlights the problem of central planning, blunt instrument central planning and shallow thinking (2 minutes and 40 seconds).-RW (adsbygoogle = window.adsbygoogle || []).push({});...

 2021-02-19 19:10 

Economic Policy Journal

Former Federal Reserve Governor Warns of Developing Price Inflation...

It seems that only current members of the Federal Reserve Board monetary policy committee, the FOMC, have no fear of developing price inflation. A letter to the editor from H. Robert Heller, who was a member of the Federal Reserve Board of Governors (Augu...

 2021-02-19 19:10 

Economic Policy Journal

Thank You Federal Reserve: Two LeBron James Cards Are Worth $7 Million in Total...

The asset price explosion, which has pushed prices higher in the stock market, home real estate and Bitcoin, has not left behind sports cards.The New York Times reports:Aaron Davis's wife thought it was absurd when he spent $312,000 on a one-of-a-kind...

 2021-02-19 05:44 

Economic Policy Journal

Larry Summers Blasts Bloomberg Columnist Over Developing Price Inflation Comments...

Larry SummersIn a series of tweets, former Treasury Secretary Larry Summers called out Noah Smith for a column he recently wrote.It is only February but Summers says the column may be the most naive column written this year:Summers has a very important po...

 2021-02-18 19:57 

Economic Policy Journal

Bill Gates Goes Gender Equality Woke in Economics...

Bill GatesI have never heard Bill Gates make a sound economic argument.The guy is a complete shallow thinker when it comes to economics but that doesn't mean he is not going to meddle in the field.The Sadie Collective announced today that it is the re...

 2021-02-18 05:21 

Economic Policy Journal

How Did a Cold Freeze Result in Texas Becoming the Venezuela of Supplying Energy to Local Customers?...

Venezuela, home to the world's largest oil reserves, is a case study in how central planning can cause difficult to imagine economic failures.Starved of adequate investment and maintenance under central planning, Venezuelan oil output has declined to ...

 2021-02-17 19:24 

Economic Policy Journal

Unsolicited Tweets About the EPJ Daily Alert...

Subscription to the EPJ daily alert financial newsletter- made a ton of money last year and this year from the daily newsletter advice @WenzelEconomics— Dad Fit (@alec_chevalier) February 17, 2021 Best investment anyone could make EPJ Daily Alert&md...

 2021-02-17 07:38 

Economic Policy Journal

Is the Federal Reserve Monetary Policy Committee a Cult?...

It is utterly remarkable, the lack of any diversity of thought amongst the members of the Federal Open Market Committee, the monetary policy-setting group within the Federal Reserve Board that is composed of Fed governors and the presidents of the Federal...

 2021-02-16 19:55 

Economic Policy Journal

BLOOMBERG NEWS WARNS: Food Price Inflation is About to Get Worse...

Jay PowellFederal Reserve chairman Jay "I don't see any inflation threat" Powell mad money printing will result in his going down in history as the most irresponsible head of the Federal Reserve ever. Yes, Federal Reserve historians will view ...

 2021-02-16 19:55 

Economic Policy Journal

Bitcoin Just Hit $50,000: What is Next?...

Bitcoin is on a tear once more and I am getting many emails asking me to comment.I just recorded a pop-up edition (4 minutes and 33 seconds) of "This Weeks in Economics with Robert Wenzel" where I discuss the factors influencing bitcoin. A podcast...

 2021-02-16 19:55 

Economic Policy Journal

Why There Are Rolling Blackouts in Texas During 10 Degree Weather...

Millions in Texas are without power as a deep freeze has hit the area. Specifically, 4.1 million residentsThe Houston Chronicle was forced to stop producing its print edition after its plant lost power at 2 a.m. In a note to subscribers, the newspaper sai...

 2021-02-16 05:17 

Economic Policy Journal

The Most Important Article You Are Going to See About the Coming Explosion in Price Inflation...

Federal Reserve Board policy meeting Accelerating price inflation is knocking on the door of the United States economy.As I have pointed out before, the Federal Reserve money printing over the last year has been completely irresponsible. Not that any mone...

 2021-02-16 05:17 

Economic Policy Journal

IMAX China Stock Soars 88%...

We have the first good indication of what the post-COVID-19 world is going to look like in China.Imax China Holding Inc. led a rally in Chinese entertainment stocks after data showed box-office revenue hit a record high during the Lunar New Year weekend.I...

 2021-02-15 05:01 

Economic Policy Journal

Johns Hopkins Professor Warns Accelerating Price Inflation is Just Around the Corner...

Steve H. Hanke, Professor of Applied Economics and Founder & Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at the Johns Hopkins University, is warning about coming price inflation.Boy, does Prof. H...

 2021-02-14 16:00 

Economic Policy Journal

The Role of Adam Smith in Launching Marxism...

Don't miss the next episode of "This Week in Economics with Robert Wenzel": The Role of Adam Smith in Launching Marxism. Or you can listen to the podcast version here or on your favorite podcast platform.-RW (adsbygoogle = window.adsbygoogle |...

 2021-02-14 07:10 

Economic Policy Journal

Yellen Calls for Global Out of Control Government Spending...

Secretary of the Treasury Janet Yellen participated in a virtual meeting with G7 finance ministers and central bank governors on Friday.It should come as no surprise that during a speech to the group, she spent a good part of the time urging global offici...

 2021-02-13 07:52 

Economic Policy Journal

Thank You, Federal Reserve: Sports Card Trading and Prices are Exploding...

eBay has just put out a first-ever State of Trading Cards report.According to the report, more than four million more sports and non-sport trading cards were sold in 2020. This was a 142% surge in domestic sales."Never have I seen trading cards show s...

 2021-02-12 19:11 

Economic Policy Journal

CIA Cancels Money Supply Reporting...

Just when money supply growth is exploding at record rates in most countries, the CIA has stopped reporting money supply data. The CIA has redesigned their web site and no longer lists money supply statistics in their World Factbook. — Jameson Lopp ...

 2021-02-12 19:11 

Economic Policy Journal

Treasury Secretary Yellen Signals Heavy Regulation of Cryptocurrencies is Coming...

On Tuesday and Wednesday of this week, a new department inside the Treasury met for the first time, the Financial Sector Innovation Policy Roundtable.The Roundtable consisted of the insider crowd. It brought together policymakers and regulators with conne...

 2021-02-12 05:01 

Economic Policy Journal

As Homegamers Hit Thier Bongs Down in Mom's Basement...

By David A. StockmanWe sometimes wonder what they are smoking down on Wall Street, but today the question might better apply to the homegamers who are apparently hitting their bongs down in mom's basement. We are referring to Wednesday's rip-snort...

 2021-02-11 19:39 

Economic Policy Journal

Biden is Considering Nominating Lisa Cook to Federal Reserve Board...

President Biden is considering nominating Lisa Cook, an economist at Michigan State University, to fill an open seat on the Federal Reserve Board, reports Axios.Cook earned a Ph.D. in economics from the University of California, Berkeley.Her featured pape...

 2021-02-11 19:39 

Economic Policy Journal

U.S. Federal Debt Expected to Exceed Size of Entire U.S. Economy, Before Biden Stimulus Plan is Counted...

The federal government's total debt is expected to exceed the size of the entire American economy this year, a figure that does not take into account President Biden's proposed $1.9 trillion stimulus package, the nonpartisan Congressional Budget O...

 2021-02-11 19:39 

Economic Policy Journal

Alberta Premier Jason Kenney Exposes 'The Great Reset' for What It Is...

his is excellent commentary from Alberta Premier Jason Kenney about the Klaus Schwab 'Great Reset' (4 minutes and 33 seconds). -RW (adsbygoogle = window.adsbygoogle || []).push({});...

 2021-02-11 05:01 

Economic Policy Journal

House Democrats Continue to Push For Jobs Killing Minimum Wage Increase...

On Wednesday, Democratic leaders backed a $15 per hour pay floor, reports CNBC.The federal government last raised the minimum wage to $7.25 an hour in 2009. The Democratic proposal would increase it to $9.50 an hour this year and $11 per hour next year. T...

 2021-02-10 17:47 

Economic Policy Journal

REPORT: Office Occupancy Rates Starting to Increase...

Nationwide, office occupancy is on the increase. Texas leads with 30%+ occupancy rates, but the rest of the country is catching up, reports Commercial Real Estate Direct.According to preliminary data from Kastle Systems, which studies keycard, fob, and Ka...

 2021-02-10 06:53 

Economic Policy Journal

The Big Question: Does Tyler Cowen Think He is Good Looking?...

Tyler CowenTyler Cowen links to a research paper, Do Looks Matter for an Academic Career in Economics?From the abstract: Hmm.Cowen, received his PhD in economics from Harvard University, is an economics professor at George Mason University, where he holds...

 2021-02-09 19:38 

Economic Policy Journal

TODAY IN CRONY AMERICA: Biden and Yellen to Meet with Top CEOs to Talk Stimulus...

Janet Yellen at Biden inaugurationPresident Joe Biden will on Tuesday meet with the chief executives of some of the country's largest businesses in the Oval Office to discuss his $1.9 trillion Covid stimulus plan, reports CNBC.Among those expected to ...

 2021-02-09 19:38 

Economic Policy Journal

This Looks Like Trouble...

Janet YellenThis looks like a high-level crony meeting to me.On today's calendar for Treasury Secretary Janet Yellen:Secretary Yellen will also deliver remarks at the Treasury Department's inaugural U.S. Financial Sector Innovation Policy Roundtab...

 2021-02-09 19:38 

Economic Policy Journal

The Democrats Just Reintroduced a Labor Law that Would Destroy Uber—And It Could Actually Pass This Time...

By Brad PolumboWith control of Congress and the White House, Democrats are making labor policy one of their first priorities. Ironically enough, that's actually bad news for independent contractors and gig economy workers across the country.The legisl...

 2021-02-09 06:16 

Economic Policy Journal

Why Larry Summers is Speaking Out Against Joe Biden's $1.9 Trillion Spending Program...

Larry SummersDavid Warsh, a former Boston Globe columnist and current weekly columnist at his own website, Economic Prinicipals, provides this interesting background story:Some years ago, I set out to write a little book about Harvard University's USA...

 2021-02-08 05:18 

Economic Policy Journal

BREAKING: Democrats to Unveil $3,000-Per-Child Payment...

Senior Democrats on Monday will unveil legislation to provide $3,000 per child to tens of millions of American families, as part of President Biden's $1.9 trillion economic relief package, according to The Washington Post.The 22-page bill to dramatica...

 2021-02-08 05:18 

Economic Policy Journal

The Truth About Trump and Taxes on the Rich...

The idea that when Donald Trump was in the White House he gave big tax breaks to the rich doesn't fit the facts.Erica York at the Tax Foundation (via WSJ) reports:The Internal Revenue Service (IRS) has released data on individual income taxes for tax ...

 2021-02-07 15:14 

Economic Policy Journal

Why Your Wage Increase is Mostly a Joke...

In this edition of "This Week in Economics with Robert Wenzel," the Biden COVID-19 $1.9 Trillion stimulus package is discussed, plus the minimum wage and what a wage increase really means. The podcast version is here. -RW (adsbygoogle = window.ads...

 2021-02-07 06:54 

Economic Policy Journal

Frank Knight on Those Who Are Against Foreign Trade: Stupidity in Economic Ideas...

Frank H. Knight Frank Knight did not suffer fools.This comes via Don Boudreaux:[F]rom page 6 of the original 1960 Harvard University Press edition of Frank Knight's collection of lectures, delivered in 1958 at the University of Virginia, titled Intell...

 2021-02-06 16:16 

Economic Policy Journal

Former Top Trump Economic Adviser to Host Show on Fox Business...

Larry Kudlow, the former director of the White House National Economic Council, will host his own weekday program on Fox Business, the network has announced.In addition to hosting a daily program on FBN, Kudlow will serve as a contributor offering economi...

 2021-02-06 07:06 

Economic Policy Journal

AOC Attack on Larry Summers...

Larry SummersFormer Harvard president and Keynesian economist Larry Summers is out with another Washington Post op-ed warning about the $1.9 trillion Biden "stimulus" package.The key takeaway from the essay:[W]hile there are enormous uncertainties...

 2021-02-06 07:06 

Economic Policy Journal

Police Seize $60 Million Worth of Bitcoin From Man Who Won't Give Up His Password...

In Germany, a man has finished serving a two-year plus stint in prison for covertly installing software on other computers to harness their power to "mine" bitcoin.He is out and his Bitcoin wallet has 1,700 in it from his mining operation. That st...

 2021-02-05 19:40 

Economic Policy Journal

Executive Editor of News for Bloomberg Digital: We Need More Monetary Inflation to Fight Price Inflation...

My head is still spinning.Weisenthal is executive editor of news for Bloomberg Digital, co-anchor of "What'd You Miss?", Bloomberg Television's flagship markets program, as well as Bloomberg's "Odd Lots" podcast.Some of the thi...

 2021-02-05 19:40 

Economic Policy Journal

Senate Passes President Biden's $1.9 Trillion "Stimulus" Plan...

Senate lawmakers gave their support to President Biden's $1.9 trillion stimulus package just before sunrise this morning.Vice President Kamala Harris cast her first tiebreaking vote, and the Senate adopted the resolution along party lines, 51-50, at a...

 2021-02-05 05:01 

Economic Policy Journal

Was the Halting of the Purchase of GameStop Stock a Move Toward Socialism?...

This is a Special Edition of "This Week in Economics with Robert Wenzel" which examines the recent short squeeze of GameStop stock, the halting of buying in the stock by the Robinhood brokerage firm and the circumstances surrounding the situation....

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