Highlights Figure 1: Real Average Weekly Earnings Declined Year-Over-Year for 26 Months Before Being Up in Four but Fell Again Last Month and Remain Down 5% Since January 2021 Overview Labor Market The Bureau of Labor Statistics recently released its…

The federal budget deficit has doubled from one year to the next a few times before. Usually, those occurrences happen in conjunction with economic bad news, something the current administration consistently says does not exist. The Numbers Game First off,…

Highlights Figure 1: Year-Over-Year Real Average Weekly Earnings Declined for 26 Months Before Increasing in the Last Three but Fell Again and Remain Down Nearly 5% Since January 2021 Overview Labor Market The Bureau of Labor Statistics recently released its…

The Federal Reserve holds interest rates at current levels, but the future outlook is more uncertain. At their September meeting held last week, The Federal Reserve’s “Federal Open Markets Committee” (FOMC) declined to increase Federal Funds Interest Rates further and…

This commentary was originally published at EconLib here. It is being republished with permission from the author. Americans say the economy is the most important problem facing the country. But major headlines covering the latest jobs report for August do their best…

Rate Hike Speculation and Recession Concerns for 2024 On Tuesday and Wednesday of this week, the Federal Reserve’s Federal Open Market Committee (FOMC) will meet to discuss the state of the US economy, the ongoing threat of inflation, and possible interest…

Highlights Figure 1: Year-Over-Year Real Average Weekly Earnings Declined for 26 Months Before Increasing in the Last Three but Remains Down Nearly 5% Since January 2021 Overview Labor Market The Bureau of Labor Statistics recently released its U.S. jobs report…

What They Are and How They Affect You Last week, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) increased the Federal Funds Interest Rates to 5.25-5.50%, for a 22-year high. This follows almost a year and a half of…

The Federal Open Market Committee (FOMC) met today to discuss the state of the U.S. economy and monetary policy. According to recent indicators, the U.S. economy is experiencing modest growth in spending and production, while job gains have picked up…

Only two days into the 88th Legislative Session, both legislative chambers made a mad dash to give their offices as much money as they could squeeze out of Texas taxpayers. Growing Government As expected, they used the usual excuses: to…

What is Festivus? Finding its origins in the hit ’90s sitcom Seinfeld from an episode entitled “The Strike”, the character George Costanza’s family celebrates a holiday called Festivus as an alternative to Christmas, and a tongue-in-cheek protest to the commercialism surrounding…

On Thursday, new Consumer Price Index (CPI) data was released by the U.S. Bureau of Labor and Statistics, ultimately indicating that the current historic inflation is not going away any time soon and continues to reduce the purchasing power of…

Consumer Price Index (CPI) data for the month of September was released Thursday morning, and with it came more bad news with regard to our economic outlook. Inflation (year over year) came in at 8.2%. Though this is down from…

Episode Description 💰 In this episode of 𝗧𝗔𝗫𝗣𝗔𝗬𝗘𝗥 𝗧𝗔𝗟𝗞𝗦, we discuss the Biden administration gaffe on inflation and the Texas Senate Local Government Committee hearings this week where they discussed property tax reform and taxpayer-funded lobbying.   Articles Referenced Senate…

Episode Description 💰 In our premiere episode of 𝗧𝗔𝗫𝗣𝗔𝗬𝗘𝗥 𝗧𝗔𝗟𝗞𝗦, we discuss the recently projected $27 billion budget surplus that Texas state lawmakers will have the ability to allocate in the upcoming legislative session, the recently passed Inflation Reduction Act…