5 questions for Ronald Bailey on how the world is improving over time

When one looks at the data, it becomes clear that the world is dramatically improving over the long term. So why are people so pessimistic about the future? Ronald Bailey recently joined the Political Economy ....

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With the worst economy since the 1930s, how about the biggest productivity boom since the 1930s?

On CNBC’s Squawk Box program yesterday, White House economist Joe Lavorgna assured viewers that a v-shaped recovery was still on track, then added this interesting tidbit: “And the sad thing is before this pandemic contraction ....

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Why global trends are a cause for optimism: My long-read Q&A with Ronald Bailey

Why are Americans so pessimistic about the future, in spite of all the good news occurring on a global scale? From a massive decline in extreme poverty to a reduction in worldwide violence, there are ....

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Unemployment claims continue to improve

Yesterday’s unemployment benefit claims report from the US Department of Labor (DOL) shows positive trends on multiple fronts, starting with first-time claims for state unemployment insurance (UI) benefits dropping below one million for the first ....

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The effect of Trump’s payroll tax deferral is uncertain

This past weekend, President Trump signed one executive order and three executive memoranda with the goal of providing economic relief to individuals and families. One of the memoranda instructs the Treasury Secretary to defer payment ....

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A word of caution regarding our current approach to economic recovery

Emergency lockdowns have been successful in keeping ICUs from being overwhelmed, but as the economy reopens, virus spread continues, generating recessionary pressure on the economy. There are at least two competing views on how the ....

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Even without the $600 bonus, many will continue getting bigger unemployment benefits than paychecks

Congress is currently discussing the fate of the $600-per-week federal unemployment bonuses set to expire this week. A key Republican objection has been the bonuses’ resulting in many unemployed workers collecting more in benefits than ....

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How to avoid a double-dip recession

Pick whatever letter or corporate logo you want when describing the current economic rebound. But the situation would certainly be brighter if coronavirus cases and deaths were declining rather than increasing. Many bullish Wall Street ....

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