US economy to show rebound from year-end recession

The US economy will show a rebound from the worst recession since the Great Depression, the Commerce Department said on Friday.The report will be released on Friday, and analysts expect the economic recovery will continue.The US economy shrank by 0.6% in the first quarter, the weakest quarterly contraction since the late 1990s.The weak first quarter […]

How to think about economics, market economic system

How to Think About Economics, Market Economic System Definition: The system of economic production and distribution in which the economy works in accordance with the laws of physics, chemistry, and mathematics.It is the foundation of the social, political, and economic order of the universe.In other words, it is the system that produces economic values that […]

Which countries are investing more in the economy?

Taiwan’s economy has increased by a whopping 12.5 percent since April, driven by the government’s fiscal stimulus package.That has spurred a huge surge in tourism, which has been booming since the end of last year.However, the country’s gross domestic product has shrunk by 2.3 percent.The main reason: the Chinese slowdown.China is the world’s second-largest economy, […]

When is it OK to cut taxes?

President Donald Trump is considering a sweeping tax cut that could benefit corporations and the wealthy, but it’s not likely to pass Congress, according to a draft outline of the proposed legislation leaked to the media on Wednesday.The White House outline includes a proposal to eliminate income tax rates on a range of businesses, including […]

When does a tax cut go into effect?

The federal government has been in an economic emergency for almost a month, and the latest data suggests it’s likely to last for much longer.The latest Treasury Department economic report shows that the economy grew by just 1.1 percent in the fourth quarter, the smallest rate since the start of the recession in 2009.The U.S. […]

The Economics of Austerity: Why it’s not the answer

Economic Policy Journal article Posted June 30, 2019 08:33:14 A new book by former House Budget Committee chairman and House Budget committee chairman Steve Scalise, Economic Efficiency: Why Austerity Is Not the Answer, argues that “it’s not that austerity is bad, it’s that it’s ineffective.”According to the author, austerity is “not the answer” because it […]

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