Newsletter: A monthly brief of new insights on important economic, financial and policy issues.
Institutions & Governance
President Trump’s first week in office was marked by a blast of executive orders; revisions in the permanent National Security Council membership with the addition of Steve Bannon and the relegation of Chairman of the Joint Chiefs of Staff, General Dunford, and National Intelligence Director designee, Dan Coats, to occasional visitors; and bold statements about import tariffs and the Mexican wall.
A popular post-election narrative says that voters who have not participated in the recovery during this economic cycle felt disenfranchised and therefore were more likely to have voted for Donald Trump than Hillary Clinton.
In my April 2014 Commentary, Economic Complacency Is Not an Economic Policy,
I noted that Americans were frustrated with their economic prospects almost six years after the Great Financial Crisis ended and yet the nation’s political leadership was focused on tactical policies like implementation of the Affordable Care Act, environmental regulations and funding the Highway Trust Fund.
The Fed is historically reluctant to raise rates close to a presidential election.
Political promises divert economic value from the market benefits of competition and consumer choice.
Donald Trump has won the lowest share of total primary votes of any non-incumbent U.S. presidential nominee in the last 40 years.
Trump fills a gaping void in angst-ridden Middle America. President? Not so much!
Millennials are now the largest voting-eligible generation, but their impact will be determined by voter turnout.
Changes in capital taxation are an efficient tool for economic fairness.
Harsh austerity has both increased Greece’s debt burden and suppressed its economy.
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