Tag: Economics
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Trump’s Fed Rate Push Faces Economic Reality
President Trump’s aggressive campaign for Federal Reserve interest rate cuts in 2025 represents an unprecedented assault on central bank independence.
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The Employment and Wage Effects of Trump’s Steel Tariffs
Research on the Trump administration’s 2018-2020 steel tariffs reveals significant negative net employment effects despite modest gains in steel production jobs. While steel workers experienced some wage increases, the broader economic impact included substantial job losses in steel-using industries and higher costs for consumers.
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Fact-Checking Claims in the “One Big Beautiful Bill” (July 2025)
In July 2025, President Donald Trump and Republican leaders advanced a sweeping legislative package nicknamed the “One Big Beautiful Bill Act,” encompassing tax changes, immigration measures, and budget provisions. Supporters tout it as a historic boon for American taxpayers and security, while opponents warn of severe consequences. Below we examine several major claims related to…
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Trump’s Tariffs Make Absolutely No Sense
Jason Furman argues that Donald Trump’s proposed “reciprocal tariffs” are based on flawed economic reasoning and would damage the U.S. economy, worsen global trade relations, and ultimately empower China.
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Trump’s Tariffs Have Sown Uncertainty. That Might Be the Point.
President Trump’s tariffs and economic policies have created uncertainty in markets and business investments, which appears to be an intentional strategy to strengthen his negotiating leverage rather than a flaw in his approach.
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Inflation and Consumer Price Index, January 2025
Looking at inflation calculations in a different way.
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Kansas Employment Situation, December 2024
In Kansas in December 2024, the labor force rose, the number of jobs was rose, and the unemployment rate rose compared to the previous month, all by modest amounts. Over the year, Kansas is near the midpoint of states in job growth.
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Median Usual Weekly Real Earnings, pre- and post-Covid
Comparing weekly earnings before and after the Covid pandemic, attempting to remove the effect of the pandemic.
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Hourly Earnings, pre- and post-Covid
Comparing hourly earnings before and after the Covid pandemic, attempting to remove the effect of the pandemic.
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Employment, pre- and post-Covid
Comparing job growth before and after the Covid pandemic, attempting to remove the effect of the pandemic.
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Gross Domestic Product, pre- and post-pandemic
Recent economic performance as measured by Gross Domestic Product, before and after the pandemic.
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Poverty in the States
Official and supplemental poverty rates in the states.