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economy

The uncertain state of the Biden economy

President Biden’s State of the Union address on February 7 touted the economic achievements of his administration. He took credit for a new approach to supporting the transition to a renewables-based economy and a trillion dollar program of…

Homes for Americans: a worsening problem

“Right here in America, if you own your own home, you're realizing the American dream.” Former President George W. Bush said in a 2002 speech. Indeed, is there a better embodiment of the American lifestyle than a single home with a picket…

The euro and the dollar

The euro fell below parity with the dollar on 23 August 2022 for the first time in twenty years. The best explanation is monetary policy and not purchasing power. A euro buys a lot more than a dollar, whether the frame of reference is Big…