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- Texas oil production in August topped 3M barrels/day for the fourth month, as the Lone Star State produced 37% of all US oil
- Neil Cavuto: What's weirder than gas prices tumbling? Not a single politician demanding to know why.
- More milestones for America's shale revolution, which has elevated the US to the world's No. 1 energy superpower
- 7 reasons why income inequality is not killing the American Dream
- Thursday morning links
I’ve used the above chart a lot. It shows the gap between actual GDP and potential GDP. It represents trillions in missing economic growth caused by a failure of the US economy to return to its previous trend growth path. The cost of the Two Percent Economy is staggering, and it’s a big reason — [...]
View related content: Pethokoukis
Carefully, Chair Yellen, carefully. Michael Darda of MKM Partners: With inflation expectations stable (and low) and the labor market not fully healed, the Yellen Fed can continue to be patient, in our view. This is especially true due to the nature of the ZLB on short rates, with which a premature exit can be a [...]
Just how much should workers really worry about the rise of the robots? Will technological advancement make most workers better or worse off? Economist David Autor offers what is probably a best-case scenario in his new paper “Polanyi’s Paradox and the Shape of Employment Growth.” Autor argues that “journalists and expert commentators” who fret about [...]
Let’s be clear: the Supplemental Nutrition Assistance Program, food stamps, is an important part of the safety net. As AEI’s Robert Doar recently told Congress: SNAP alleviates material hardship, reduces poverty, helps the elderly and disabled, andprovides needed food to children in low income families. By supplementing low wages, SNAP can encourage and sustain work while discouraging the [...]
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