Joe Biden and his fluffers keep insisting that the economy is roaring, that Americans have never had it better, and we are all stupid for not being grateful to him. The vast majority of Americans are being misled by Fox News or something.
A former student Aaron Back (Deputy Editor of the WSJ’s “Heard on the Street”) writes today:
“The U.S. economy continues to lose momentum.”
Economic slowdowns always follow money supply contractions.
MONEY DOMINATES.https://t.co/zGHMNdQJfz
— Steve Hanke (@steve_hanke) June 3, 2024
The economy is slowing, real income is declining, and inflation is still well above the Fed’s target of 2%.
The U.S. economy continues to lose momentum. Growth hasn’t yet slowed to the point that it would be a concern to policymakers, but it might soon if current trends continue.
Investors’ attention on Friday was initially focused on the personal-consumption…
