Many small entrepreneurs, licking their wounds from competition with one of McDonald’s more than 13,000 restaurants, or an Amazon-branded, lower-priced, often lower-quality product can attest to the truth of an economic truism mistakenly but appropriately attributed to Joseph…
Bliss it is to be alive in the dynamic, resilient American economy, creating jobs, jobs, jobs while its monetary-policy masters fight inflation. The…
Davos isn’t Casablanca. Humphrey Bogart’s Rick could calm Ingrid Bergman’s Ilsa by promising her in their 1942 film they would always have Paris. But…
Life in Davos at the World Economic Forum last week just isn’t what it was in the days of zero real interest rates, booming share prices, handsome…
Trade wars have usually been contests for markets. Today’s is a contest for more than that. It is a battle to determine which nation, and which ideology…
Perhaps, only perhaps, the American economy is headed for the proverbial soft landing – lower inflation without massive job losses. The economy added…
Gift-giving in America did not stop when Santa returned to wherever. Our political masters – or servants, depending on your point of view – did not rest…
“The Big Read: America’s Christmas shopping spree.” Financial Times, December 24, 2022. Page 1(Internet) headline “Shoppers Cut Back Spending Ahead of…
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Irwin Stelzer- This Week in Economics, and Next