Article
Inflation Fears Plummet As UMich's Democratic Bias Is Exposed
Inflation Fears Plummet As UMich's Democratic Bias Is Exposed
After rebounding strongly in preliminary February data (as Democrats came to their senses over the fearmongered Trump tariff-flation), the final UMich sentiment survey print slipped lower with the headline lowered from 57.3 to 56.6. Both Current Conditions and Expectations were lower than the flash print with the latter falling to 2 month lows and the former holding at 4-month highs...
Does anyone else think its weird that all the numbers were exactly the same at 56.6
Source: Bloomberg
Democrats and Republicans led the decrease...
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Artificial intelligence has become the latest excuse for reviving one of the oldest bad ideas in economic policy: a universal basic income. Recent pieces in Newsweek, the LSE Business Review, and Fortune have all helped push the idea that AI may soon wipe out so many jobs that Washington will need to send everyone a check.
Image Credit: Shutterstock
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