Question: Can you actually prove there was “no widespread corporate price gouging”? I’m having trouble wrapping my head around like, Kellogg’s, grocery prices quadrupling in some cases. Overview There wasn’t widespread corporate price gouging, which is illegal and has been prosecuted in isolated cases, mainly among small companies. Price rises primarily stemmed from supply and […]
Category Archives: Government
Inflation and the Fallacy of Price Gouging and Corporate Greed
Also posted in Agriculture, Business, Energy, Environment, Finance, Global Warming, International, Science
Tagged climate change, economy
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Economic Outlook 2025 – 2035
During the first Trump administration, tax cuts initially accelerated economic growth but led to increased federal deficit spending, which soon drove up borrowing costs and ultimately slowed the economy. While many attributed the initial supply chain issues and inflationary pressures primarily to the COVID-19 pandemic, the first inflationary event was actually sparked by climate change—the […]
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Tagged climate change, real estate
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Political Insight: The Reverse Psychology of “Trump Derangement Syndrome”
I’ve studied what’s often labeled “Trump Derangement Syndrome” since the 1990s, and I believe the root causes include issues like racism and elements of white supremacy. Supporting someone with such views inevitably supports these ideologies, even indirectly. Some of Trump’s base might not identify as white supremacists but are drawn in due to lack of […]
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Tagged Economics
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The Trump Trade
Why have interest rates been going up after the Fed cut rates? Because investors concur that Trump’s economic polices will be harmful to the economy, drive up inflation, and explode the national debt. Investors have been making “Trump Trades” based on this concern. Unfortunately, a large number of investors — approximately 75% — currently expect […]
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Tagged real estate
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Climate Change’s Impact on Florida Insurance
Hurricane Milton is expected to cause over $100 billion in insurance claims, creating even more challenges for Florida homeowners in obtaining insurance. On top of that, the cost to the public and government is projected to exceed an additional $50 billion, adding to the financial strain on taxpayers and the state. Much of the damage […]
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Tagged climate change, extreme weather events, flood insurance, insurance
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Political Overview of Economics
The latest economic analysis of the presidential candidates suggests that Trump’s fiscal policies could increase the federal deficit by an estimated $7-10 trillion over the next decade, primarily due to his proposed tax cuts and spending plans. Trump’s approach centers on lowering taxes, particularly for high-income earners and corporations, while increasing defense and infrastructure spending. […]
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Tagged cliamte change, Economics
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South Korea: Climate Law Fails to Protect Basic Rights
South Korea’s top court ruled in August of 2024 that the country’s climate change law does not adequately protect basic human rights and lacks sufficient targets to safeguard future generations. This landmark decision comes after activists accused the government of failing to effectively address the climate crisis. Since 2020, more than 200 plaintiffs, including young […]
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Tagged climate change, law suits
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Election 2024: The Decline of Economic Sensibility
I began writing this after listening to Harris’ recent speeches — first on drug prices and then on the broader economic policy of her campaign. My concerns arise from a general disappointment with the direction of the campaign’s economic strategy. Unfortunately, the “deal to cut Medicare prices on popular drugs” is misleading. The claim of […]
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Tagged climate change, economy
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Climate Science: Love and Hate
by Daniel Brouse August 9 ,2024 As an economist, I have spent my career studying risk management, and in the process, I have also become a climate scientist—because climate change is the greatest risk to humanity. Climate science is closely tied to our emotions, particularly hate and love. The hatred of scientists and intelligence is […]
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Tagged climate change, economy
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The Politics of Climate Change
By Daniel Brouse As a climate scientist, I have studied the impact of politics on the climate for decades, and the United States ranks among the least prepared countries globally. It also has one of the highest percentages of climate change deniers. Politicians exacerbate this issue by obstructing necessary efforts to combat climate change. The […]
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Tagged climate change
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