Modern Monetary Theory is Voodoo Economics Redux

Elliott Eisenberg Economy

There is currently widespread frustration with the performance of the global economy. Traditional policy approaches are not delivering the economic results they have in the past. In the U.S., Millennials are poorer, have lower incomes, marry …

wage growth coins on dolly

Why is Wage Growth So Lousy

Elliott Eisenberg Economy

While the most recent jobs report showed the unemployment rate at 4.0% — the lowest rate in almost 50 years — it also showed annual wage gains running at just 3.2%. While that is the …

houston

The Battle for Houston

admin Advocacy, Economy

America’s most opportunity-rich city faces a long-term challenge from “smart-growth” advocates pushing for more regulation. Reposted from the City Journal, August 15, 2018. Article by Joel Kotkin, a City Journal contributing editor. He serves as …

trade wars United States versus China

Trade Wars: It’s All About Leverage

Elliott Eisenberg Economy

With the U.S.-China trade war looking increasingly ominous, two questions are on the minds of many: do trade deficits matter and which side has more to lose? Economists of almost all stripes agree that trade …

deficit

The Age of Austerity is Over

Elliott Eisenberg Economy

When the Congressional Budget Office made its June 2017 forecast of our fiscal future, it projected a deficit of $689 billion in FY2019. The deficit is now poised to be $1.2 trillion, a dramatic and …

single family permits houston

Economic Forecast Predicts Strong Outlook for 2018

Terry Swenson Economy

“Keep Building Responsibly” The annual Greater Houston Builders Association’s Economic Forecast Luncheon in January, was held at the Royal Sonesta and hosted over 900 GHBA members. The standing room only crowd was eager to hear …