Free Republic

For all of New York Times chief economics correspondent Ben Casselman’s fussbudgeting over President Donald Trump supposedly compromising the reliability of the Bureau of Labor Statistics, a new report pointing to gross BLS ineptitude just made him look like a complete idiot. The Bidenomics simp Casselman was forced to report that the BLS overestimated jobs growth during the Biden era — AGAIN — this time by nearly 1 million (-911,000) in the 12-month period ending March 2025, the largest revision on record. Casselman conceded that it was the “latest sign that the labor market, until recently a bright spot in...

The first Black woman to serve on the Federal Reserve board, Ms. Cook has long been a pathbreaker in a field dominated by white men.Years before Lisa Cook became President Trump’s latest target in his effort to exert control over the Federal Reserve, she wrote about her experience as one of a relative handful of Black women in a field long dominated by white men.“Economics is neither a welcoming nor a supportive profession for women,” she and a colleague wrote in a New York Times opinion essay in 2019. She added, “But if economics is hostile to women, it is...

Economists once warned that office jobs in the United States would soon follow factory jobs in moving overseas. New research suggests that jobs may be moving to other parts of the country instead... the broader jobs apocalypse never materialized... Companies did move millions of office jobs to India, the Philippines and other places where they could pay workers less. But those job losses were more than balanced by growth elsewhere in the economy. Over all, of the 26 occupations that Mr. Blinder identified as “highly offshorable” and for which Mr. Ozimek had data, 15 have added jobs over the past...

FedEx CEO Frederick Smith has challenged the publisher of The New York Times as well as the paper's business editor to a public debate after the Times reported that the company paid $0 in federal taxes in 2018. In a statement Sunday, Smith argued that the Times's report, published earlier in the day, was "distorted and factually incorrect" and ignored the "$6 billion of capital" that FedEx supposedly "invested in the U.S. economy" in 2018. "I hereby challenge A.G. Sulzberger, publisher of the New York Times and the business section editor to a public debate in Washington, DC with me...

Studies consistently find that the 2017 law cut taxes for most Americans. Most of them don’t buy it. If you’re an American taxpayer, you probably got a tax cut last year. And there’s a good chance you don’t believe it. Ever since President Trump signed the Republican-sponsored tax bill in December 2017, independent analyses have consistently found that a large majority of Americans would owe less because of the law. Preliminary data based on tax filings has shown the same. Yet as the first tax filing season under the new law wraps up on Monday, taxpayers are skeptical. A survey...