Free Republic

In an August 1 interview with Fox News, Peter Navarro, Director of President Trump’s Office of Trade and Manufacturing, argued that President Trump should get the Nobel Prize in Economics:AdvertisementBasically, President Trump has taught an economic lesson to the world. In real time, in the real world, he’s taught that the biggest country and biggest market in the world can impose tariffs in order to address blatant cheating and do it in a way which increases the growth of the United States without inducing inflation… I never read that in the textbooks when I was getting my PhD in economics,...

Even more surprising than the blockbuster 4.3% economic growth rate recorded in the third quarter of 2025 was the fact that some 90% of the nation’s professional economists got it all wrong. These economic whiz-kids’ faulty forecast comes on the heels of their predictions last week that inflation was going to be above 3%. Instead, the actual number was 2.7%. Welcome to the gang that can’t shoot straight. Maybe it’s time for this cadre of Keynesian economists to send their PhDs back to the Ivy League schools they got them from, and just admit they have no idea what they’re...

The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed. U.S. gross domestic product, a sum of all goods and services produced in the sprawling U.S. economy, expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading of third-quarter growth. Economists polled by Dow Jones expect a gain of 3.2%. Consumer spending expanded by 3.5% in the third quarter after rising 2.5% in the second quarter. Increases in exports and government spending also boosted growth, while a smaller dip in private...

The first CEO of the Internal Revenue Service is reinforcing signals from the Trump administration that Americans could see the "biggest tax refund ever" in the new year. "We should expect exactly what the president said, as always happens," Frank Bisignano – also the commissioner at the Social Security Administration – said on "Mornings with Maria" Tuesday. "And the great leadership of the Treasury secretary has positioned us to be able to deliver in a whole bunch of ways for America." Bisignano confirmed that major tax refunds are expected in 2026, echoing President Donald Trump’s end-of-year address last week in...

The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed. U.S. GDP expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading of third-quarter growth. Economists polled by Dow Jones expect a gain of 3.2%. Consumer spending expanded by 3.5% in the third quarter after rising 2.5% in the second quarter.

<p>Democrats’ fear-mongering about the Trump economy is looking more and more like sour grapes.</p><p>Yesterday’s CPI report, showing inflation of 2.7 percent — well below the expected 3.1 percent — was bad political news for Democrats. Since “Liberation Day” in April, when President Trump rolled out tariffs aimed at resetting global trade in favor of U.S. companies, the left and their media allies have warned voters that the White House’s actions would clobber our economy and set inflation soaring.</p>

Donald Trump made a campaign promise to "immediately bring prices down" on his first day in office. Instead, egg prices have spiked. During her first White House briefing, press secretary Karoline Leavitt blamed former President Joe Biden for hurting the egg supply and driving up costs. Egg prices are expected to continue rising due to a bird flu outbreak, which Biden's Department of Agriculture tried controlling early on by euthanizing infected chickens. Egg prices have risen in the short time since President Donald Trump took office — despite his campaign promise to "immediately bring prices down, starting on day one"...

The number of job openings in the United States has been “falling off a cliff”, and that is a major red flag. The last four years have been an economic nightmare for most Americans, and that is one of the primary reasons why Donald Trump won the election. But as we approach 2025, things are starting to get frighteningly bad. When the number of job openings in the U.S. drops by 2 million or more, that normally signals that we are either in a recession or that one is about to happen. Well, as you can see from this chart...

John Solomon @jsolomonReports Trump warns bringing grocery prices down will be 'difficult' but expresses optimism about doing so

Democrats have no equals when it comes to taking undeserved credit and evading well-deserved blame. Consider a recent Time article titled "Don’t Give Trump Credit for the success of the Biden Economy." Of course, no one, including President-elect Trump, wants credit for Biden’s dumpster fire economy. That debacle just cost the Democrats an election. So, what is Time’s piece all about? Well, it is part of an effort to position Democrats to take credit for what even they see as Trump’s coming economic turnaround. It’s not the first time Democrats have tried to take credit for Trump’s economic success. Recall...

President-elect Donald Trump has said he intends to cut government spending by reasserting the presidential power of impoundment, a move certain to spark a court battle and one that could redefine presidential power for decades to come. Impoundment occurs when the president chooses not to disburse funds authorized by Congress; instead leaving them unspent in the U.S. Treasury.This power is not mentioned in the Constitution but has been employed by presidents since Thomas Jefferson. Congress enacted limits on the practice 50 years ago.Now, Trump intends to challenge the Impoundment Control Act of 1974 (ICA), which he believes is unconstitutional.“I will...

If the aftermath of Donald Trump’s victory on Election Day feels joyous and tranquil, you are not alone. American households and businesses are much more serene and hopeful this time around. Polling released by Pew Research on Friday shows that 70 percent of Americans are very or somewhat confident that the transition to the Trump administration will go smoothly. Similarly, a majority of Americans say they have a positive evaluation of Trump’s post-election conduct. A 53 percent majority of Americans say they approve of the president-elect’s plans for the country. When asked if they approve of Trump’s conduct post-election, 53...

Former President Bill Clinton made a remark that may well have handed the election to Donald Trump after he admiited the economy was better while he was in the White House. Clinton’s pro-Trump slip elicited groans from the crowd in Muskegon Heights. The former president quickly clarified, urging attendees to support Harris despite his comments on the economy. “I don’t think it’s right to say that people have to vote for Donald Trump because the economy was better than,” Clinton stated, adding that he believes Harris would be the better choice in the upcoming election. Watch

Data revealed by The Wall Street Journal shows the true extent of havoc Bidenomics has wrecked on the U.S. economy. Even as the Dow Jones Industrial Average surpassed 40,000 points, the economy under Joe Biden‘s tenure in the White House has struggled to grow beyond a sluggish rate. Despite the seeming market success that has recently occurred under the Biden government, the numbers belie just how successful investors were under former President Donald J. Trump.

While $100 may seem like it holds the same value across the U.S., that’s far from the reality. The purchasing power of a dollar can vary significantly from state to state, influenced by factors such as the cost of food, utilities, taxes, housing, and transportation.This map, via Visual Capitalist's Bruno Venditti, illustrates the purchasing power of $100 by state, using data from GOBankingRates compiled as of February 19, 2024.MethodologyGOBankingRates compiled data from the 2022 Regional Price Parities reoporting by the U.S. Bureau of Economic Affairs. It then used factors such as median household income, sourced from the 2022 American Community...

Donald Trump is outlining his economic platform during a speech in New York City on Thursday. The former president's policies will include billionaire Elon Musk's recommendation to create a government efficiency commission to conduct 'a complete financial and performance audit of the entire federal government.' The remarks are meant to more specifically detail Trump's plans for the future of the economy as the issue is often cited by voters as their No. 1 issue this election cycle. And Trump holds an advantage over Vice President Kamala Harris among voters who think he would better handle the economy and inflation crisis....

Vice President Kamala Harris has a problem: Large majorities of Americans believe the economy is on the wrong track, and more say the Biden-Harris administration’s policies have hurt their personal finances rather than helped, and that their personal economic situation is getting worse rather than better. That’s clearly a major headwind for Harris’s presidential hopes. Until now, her and President Joe Biden’s response to these concerns has been to tell people: Don’t believe your lying eyes (or pocketbooks), the economy is doing a lot better than you think. As the Trump campaign pointed out in a new ad, until recently...

Former President Donald Trump on Saturday repeatedly swerved from a message focused on the economy into non-sequiturs and personal attacks, including declaring several times that he was better looking than Vice President Kamala Harris. Trump wound back and forth between hitting his points on economic policy and delivering a smattering of insults and impressions of President Biden and French President Emmanuel Macron as he held a rally in northeastern Pennsylvania. The former president has seemed to struggle to adjust to his new opponent after Democrats replaced their nominee. Over the past week, he has diverged during campaign appearances away from...

President Donald J. Trump, 45th President of the United States of America, will deliver remarks on the economic hardships created by the Harris-Biden Administration in Asheville, North Carolina, on Wednesday, August 14, 2024, at 4:00 p.m. ET.Tune into RSBN for all-day LIVE coverage starting at 11:00 a.m. ET. Please note the start time is subject to change.

Former President Trump shares how his administration plans to bring down energy and electricity prices if he wins in November.