Election defeats are never easy to accept, but the Bidenomics rear-guard action now underway among Democratic economists takes the denial stage of grief to a whole new level. While this crew touts disinflation since 2022—the economics term for a deceleration in price rises—this doesn’t mean prices are returning to their prepandemic level. Far from it: Inflation rates persistently above 2.6% …
Sometimes ideas that seem obviously silly catch on and cause serious destruction. In the late 2000s Australian economist Bill Mitchell coined the term “Modern Monetary Theory," or MMT, to describe what one might call Keynesianism on steroids. But on the left, MMT caught on as an explanation for why Barack Obama’s nearly $800 billion stimulus plan in 2009 failed to …
U.S. President Joe Biden has good news to sell on the economy as he seeks reelection in November but voters don't seem to be buying it. With the political wisdom saying that US elections are won on "the economy, stupid" -- as the 1992 Bill Clinton campaign famously said -- Mr. Biden could have been forgiven for thinking the economy …
In head-to-heads with Ron DeSantis, Mr Biden leads in the four states of Arizona, Georgia, Michigan, and Pennsylvania, while against Nikki Haley, the former governor of South Carolina and Republican candidate, he would win in all but North Carolina. He told the Asia-Pacific Economic Cooperation conference in California on Nov 16: “I acknowledge there’s a disconnect between the numbers and …
Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. A survey from the Pew Research Center last …
