Editors’ Note: Discussion of “Minsky Moments” may strike the reader as obscure. However, it is noted in this article that the whole world, including real estate much of the private corporate sector, has become more leveraged than before the 2008 financial crisis. With the sharp rise in inflation, global central banks have the difficult choice […]
Phoenix has the second-highest percentage change in high-paying jobs out of a list of large U.S. metros, according to a Stessa report. Phoenix saw a 217.1% increase in six-figure jobs from 2015 to 2020, marking the second-largest percentage increase among the nation’s largest metropolitan areas. More Phoenix workers made six-figure salaries in 2020 than the […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Elizabeth Troutmanhttps://pricklypear.news/wp-content/uploads/logo_2023.pngElizabeth Troutman2022-01-07 11:11:422022-01-07 11:11:42Phoenix Six-Figure Job Growth Ranks Second Among Large U.S. Metros
The Arizona Republic recently published a report entitled, “Universal Licensing: Arizona opened the doors to less qualified workers‐the public bears the risk.” In its investigation of Arizona’s universal licensing recognition law enacted in 2019—a reform so successful and popular that it is being emulated by more than a third of other states—it mentioned irrelevant incidents and presented out‐of‐context data […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Jeffrey A. Singerhttps://pricklypear.news/wp-content/uploads/logo_2023.pngJeffrey A. Singer2022-01-03 14:21:432022-01-03 14:24:20Arizona Republic Report Leaves Out Important Details and Context On Universal Licensing
Thomas Hoenig knew what quantitative easing and record-low interest rates would bring. Thomas Hoenig doesn’t look like a rebel. He is a conservative man, soft-spoken, now happily retired at the age of 75. He acts like someone who has spent the vast majority of his career, as he has, working at one of the stuffiest […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Christopher Leonardhttps://pricklypear.news/wp-content/uploads/logo_2023.pngChristopher Leonard2022-01-03 14:12:242022-01-03 14:12:24The Fed’s Doomsday Prophet Has a Dire Warning About Where We’re Headed
The deal that the American elite chose to make with China has a precedent in the history of Athens and Sparta In Chapter 5 of The Prince, Niccolo Machiavelli describes three options for how a conquering power might best treat those it has defeated in war. The first is to ruin them; the second is to […]
2021 was a busy year for fiscal policy, which gave us ample opportunities to conduct substantive policy analyses using charts and tables. This year, we published over 210 papers, blog posts, and other products. As we get ready to pop the champagne and ring in the new year, here are our top fiscal charts of 2021. 1. […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00The Editors at CRFBhttps://pricklypear.news/wp-content/uploads/logo_2023.pngThe Editors at CRFB2022-01-01 07:29:292022-01-01 07:29:29Our Top 21 Fiscal Charts of 2021
Central banks jacked up rates to catch up with run-away inflation, but most fell further behind; only Russia caught up. The Fed didn’t even try. The Czech National Bank dished out another surprise today, raising its main policy interest rate by 100 basis points to 3.75%, the highest since February 2008, and the fifth rate […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2021-12-31 02:00:512021-12-29 06:46:17End of Easy Money: Global Tightening in Full Swing, While the Fed Promises to Wake Up in Time Next Year
The city of Phoenix will offer bonuses up to $2,000 to vaccinated city employees, costing the city between $25 million to $29 million. The Phoenix City Council voted, 6-3, this week to approve the bonuses, which will go out to full and part-time employees by Jan. 18. City employees who do not have the option […]
For an American from the Conservative or Libertarian side of the spectrum, the last few years have been a difficult period. While the seeds were planted years ago, we saw the full blooming of “Cultural Marxism” in the US, influencing almost all of our institutions ranging from major news networks, social media corporations, city administrations, […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2021-12-24 07:05:342021-12-24 15:27:14Reasons for Optimism – America Is Waking Up
The signaling function of college degrees may have been distorted by the phenomenon known as credential inflation. The concept of inflation (the depreciation of purchasing power of a specific currency) applies to other goods besides money. Inflation is related to the Law of Supply and Demand. As the supply of a commodity increases, the value decreases. Conversely, as the good becomes […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Peter Clarkhttps://pricklypear.news/wp-content/uploads/logo_2023.pngPeter Clark2021-12-24 04:00:322021-12-23 06:40:22Why College Degrees Are Losing Their Value
Covid-19 Economic Zombification
/in /by Daniel FenandezEditors’ Note: Discussion of “Minsky Moments” may strike the reader as obscure. However, it is noted in this article that the whole world, including real estate much of the private corporate sector, has become more leveraged than before the 2008 financial crisis. With the sharp rise in inflation, global central banks have the difficult choice […]
Phoenix Six-Figure Job Growth Ranks Second Among Large U.S. Metros
/in /by Elizabeth TroutmanPhoenix has the second-highest percentage change in high-paying jobs out of a list of large U.S. metros, according to a Stessa report. Phoenix saw a 217.1% increase in six-figure jobs from 2015 to 2020, marking the second-largest percentage increase among the nation’s largest metropolitan areas. More Phoenix workers made six-figure salaries in 2020 than the […]
Arizona Republic Report Leaves Out Important Details and Context On Universal Licensing
/in /by Jeffrey A. SingerThe Arizona Republic recently published a report entitled, “Universal Licensing: Arizona opened the doors to less qualified workers‐the public bears the risk.” In its investigation of Arizona’s universal licensing recognition law enacted in 2019—a reform so successful and popular that it is being emulated by more than a third of other states—it mentioned irrelevant incidents and presented out‐of‐context data […]
The Fed’s Doomsday Prophet Has a Dire Warning About Where We’re Headed
/in /by Christopher LeonardThomas Hoenig knew what quantitative easing and record-low interest rates would bring. Thomas Hoenig doesn’t look like a rebel. He is a conservative man, soft-spoken, now happily retired at the age of 75. He acts like someone who has spent the vast majority of his career, as he has, working at one of the stuffiest […]
The Thirty Tyrants
/in /by Lee SmithThe deal that the American elite chose to make with China has a precedent in the history of Athens and Sparta In Chapter 5 of The Prince, Niccolo Machiavelli describes three options for how a conquering power might best treat those it has defeated in war. The first is to ruin them; the second is to […]
Our Top 21 Fiscal Charts of 2021
/in /by The Editors at CRFB2021 was a busy year for fiscal policy, which gave us ample opportunities to conduct substantive policy analyses using charts and tables. This year, we published over 210 papers, blog posts, and other products. As we get ready to pop the champagne and ring in the new year, here are our top fiscal charts of 2021. 1. […]
End of Easy Money: Global Tightening in Full Swing, While the Fed Promises to Wake Up in Time Next Year
/in /by Wolf RichterCentral banks jacked up rates to catch up with run-away inflation, but most fell further behind; only Russia caught up. The Fed didn’t even try. The Czech National Bank dished out another surprise today, raising its main policy interest rate by 100 basis points to 3.75%, the highest since February 2008, and the fifth rate […]
Covid Vaccination Incentives Could Cost Phoenix $29 Million
/in /by Elizabeth TroutmanThe city of Phoenix will offer bonuses up to $2,000 to vaccinated city employees, costing the city between $25 million to $29 million. The Phoenix City Council voted, 6-3, this week to approve the bonuses, which will go out to full and part-time employees by Jan. 18. City employees who do not have the option […]
Reasons for Optimism – America Is Waking Up
/in /by Neland NobelFor an American from the Conservative or Libertarian side of the spectrum, the last few years have been a difficult period. While the seeds were planted years ago, we saw the full blooming of “Cultural Marxism” in the US, influencing almost all of our institutions ranging from major news networks, social media corporations, city administrations, […]
Why College Degrees Are Losing Their Value
/in /by Peter ClarkThe signaling function of college degrees may have been distorted by the phenomenon known as credential inflation. The concept of inflation (the depreciation of purchasing power of a specific currency) applies to other goods besides money. Inflation is related to the Law of Supply and Demand. As the supply of a commodity increases, the value decreases. Conversely, as the good becomes […]