Personal Economics 101

Just when you thought it couldn't get any worse. Democrats are now pushing two very bad ideas: 1) Do away with the "gig" economy, as California has done with its draconian restrictions on independent contractors; and 2) nationalize the oil and gas industry.  The attack on American's right to work From National Review  (subscriber only):  The Department of Labor wants to effectively outlaw gig work. The Golden State has been there, done that, and the results aren’t pretty. The Biden administration has effectively declared war on gig work, with its Department of Labor proposing a new federal regulation inspired by California’s controversial AB 5 law that would limit people’s ability to be classified as independent contractors and work as they choose. This proposal, if successful, would cruelly upset millions of lives. At least 57 million Americans are currently involved in gig work, a number expected to grow to more than 86 million within the next five years. More on  ...

by Kaylee McGhee White Reposted from the Washington Examiner I have written extensively over the past year about the victims of gender ideology : the children and young adults struggling with the normal pangs of maturation who get swept away by a movement that promises them identity and community, and the parents who feel helpless as they desperately try to drag them back to reality. But let’s be clear about something: Not everyone in this movement is a victim. All you have to do is watch some of the videos highlighted by accounts like Libs of TikTok , and you’ll realize that many of these gender ideologues are unabashed activists who would love nothing more than to shove their crazed distortion of reality down your throat. They know that what they are preaching is nonsensical, and they relish the idea of forcing you to conform to it. Here’s a perfect example of this kind of narcissism, which runs rampant in leftist circles: This is a young man who is so obsessed with himself and his n...

Why economic forecasts are unreliable. Or maybe it's the CBO. The Fed and most economist have not done very well, historically. This chart shows projections for inflation compared to actual inflation.