Economy
February 6, 2026 — Bill Glahn
From Neil Munro of Breitbart, Minneapolis Mayor: Law Enforcement Wrecks My Sanctuary City Economy. Over the past year, ICE has undertaken large-scale (surge) operations in cities across America. Nearly all of these cities are controlled by Democrats. Many of these are sanctuary cities. But nowhere has the opposition to ICE been as aggressive or as prolonged as in Minneapolis, Minnesota. I think Munro is on to a root cause of
»
January 30, 2026 — John Hinderaker
President Trump announced this morning that he is nominating Kevin Warsh as the next Chairman of the Board of Governors of the Federal Reserve: Stephen Moore and his colleagues at the Committee to Unleash Prosperity greeted Warsh’s appointment enthusiastically: He’s a superb choice and one we’ve been pushing for more than a year. Congrats, Mr. President. You hit the bullseye. Unlike the failed tenure of Jerome Powell, Warsh is not
»
January 27, 2026 — John Hinderaker
Across the country, Democrats are planning to make the purported “affordability crisis” a centerpiece of their midterm campaign. They hope to pin the cost of living on President Trump, which should be impossible. But when have Democrats ever been tethered to reality? Remember when Democrats made the price of eggs their anti-Trump talking point early in his second term? They aren’t talking about eggs anymore; this chart, from the U.S.Department
»
January 14, 2026 — Bill Glahn
The Brookings Institute reports, We estimate that net migration was between –10,000 and –295,000 in 2025, the first time in at least half a century it has been negative. If you are not familiar with Brookings, to give you an idea of their ideological leanings, the article lists three authors: two are on Bluesky and one on X (Twitter). In other words, it’s a source that people on the left
»
January 13, 2026 — Bill Glahn
From The Times of London, ‘Tax-the-rich wildfire’: the billionaires fleeing California: A 5 per cent tax grab on assets has the super-rich packing their bags and moving out of state — and even out of the country. The proposed 5 percent tax on wealth (not income) is on the ballot for this upcoming November. If passed by California voters, it will be retroactive back to January 1, 2026. So many
»
January 9, 2026 — Bill Glahn
From MarketWatch, Stock Market on Jan. 9, 2026: Dow and S&P 500 book fresh record highs, tech-heavy Nasdaq rises after U.S. jobs report; U.S. stocks notch weekly gains. I guess the market liked today’s jobs report, From Fox Business, US economy added 50K jobs in December as unemployment rate declines. We could be living in a new Golden Age, if we’d just allow it to happen. But don’t worry, Senate
»
January 8, 2026 — John Hinderaker
Today I attended a lunch sponsored by the Economic Club of Minnesota, at which Treasury Secretary Scott Bessent spoke. Bessent’s presentation was impressive, not because he is a spellbinder, but because he is a data guy, and the data are remarkably strong. GDP is up, the deficit is down. Inflation is under control. 2026 promises to be a terrific year, driven in part by tax refunds resulting from the Big
»
December 31, 2025 — Bill Glahn
From CNBC, S&P 500 closes lower Wednesday, but wraps 2025 with a 16% gain. To me, 16 percent sounds like a lot. I’ve been saying for more than a year that this could be the beginning of a new Golden Age, if only we’d allow it. Here’s wishing everyone a Happy New Year and double-digit gains for 2026, America’s 250th anniversary!
»
December 30, 2025 — John Hinderaker
For years, we have been writing about the fact that China’s dominance of critical mineral mining and, especially, processing is a threat to our national security. It is also a scandal: we have plenty of minerals in the U.S., but we don’t mine them–or, at least, we don’t develop new mines to take advantage of our resources. Because environmentalists–the Democratic Party–won’t allow it. Thus, we have abdicated control over our
»
December 24, 2025 — Bill Glahn
It’s a Christmas miracle. From CNBC, S&P 500 closes at another fresh record in holiday-shortened session. For the second day in a row, the market finished at a record high, just below an intraday all-time record. CNBC reports, Investors continue to hope for the coveted Santa Claus rally, a year-end stock market surge that occurs between the last five trading days of the year and the first two of the
»
December 23, 2025 — Bill Glahn
From The Hill newspaper, TSA predicts potentially record-breaking holiday travel season. Wut? How can this be? America has the worst economy in the history of the world. The Hill reports, Last year, the agency screened nearly 39 million passengers during the two-week holiday season, calling it the agency’s “busiest end of year holiday travel period ever.” And this year? TSA said in a press release that it is fully staffed
»
December 23, 2025 — Bill Glahn
From the New York Post: US economy unexpectedly surges 4.3% in third quarter — its strongest growth in two years. Unexpectedly. The Post reports, The latest GDP figures put the average annual rate of economic growth at 2.5% since Trump returned to office in January. That’s above the average level achieved during the Biden Administration. I’m old enough to recall 1992, when media and Democrats conspired to portray a mild
»
December 21, 2025 — John Hinderaker
This is one of those policy breakthroughs that seem so obvious that one wonders why it didn’t happen a long time ago. The U.S. has had two serious issues with regard to drugs. The first is cost: many foreign countries have imposed pharmaceutical price controls, so that Americans have disproportionately paid for the innovation that benefits everyone. The second is access: we have become much too dependent on other countries,
»
December 19, 2025 — John Hinderaker
Economist Peter St Onge adds up the numbers and makes an important point: The BLS says we lost 41,000 jobs in 2 months. But control for Federal layoffs and we gained 121,000. Control for deportations and we gained 300,000. The “Weak” job numbers are entirely made of Federal layoffs and millions of illegals going home. pic.twitter.com/b6GUCRdyPL — Peter St Onge, Ph.D. (@profstonge) December 19, 2025 During the Biden administration, especially
»
December 16, 2025 — Bill Glahn
The sentence of the day, courtesy the U.S. Bureau of Labor Statistics (BLS). Federal government employment is down by 271,000 since reaching a peak in January. That figure is not an artifact of the government shut down, but represents real reductions in the federal workforce under Trump 2.0 and DOGE. That happy news was delivered via today’s unemployment report for November. Because of the record-long government “shutdown,” the BLS report
»
December 3, 2025 — John Hinderaker
Well, that is an exaggeration. But still: light a cigar, pour yourself a glass of wine, have a seat and enjoy it. From the New York Times: The Times article consists almost entirely of huffing and puffing, but this is the actual news: The plan announced on Wednesday would require automakers to achieve an average of 34.5 miles per gallon for cars and light trucks in model year 2031, down
»
November 18, 2025 — John Hinderaker
Normally I wouldn’t do anything so facile as to blame inflation on a particular politician, but given that the Democrats are pinning their hopes on hanging the “affordability crisis” around President Trump’s neck, a little historical perspective is in order. Thus, from the Unleash Prosperity Hotline: We went back to January 2020 when the pandemic started. We found that 13.5% of cumulative inflation (prices are 24% higher today) has happened
»
