Economics and You, by Alan Beideck

Bloopers, tweets and trade wars

Radio announcer Harry von Zell made one of radio’s all-time biggest bloopers when he referred to President Herbert Hoover as “HoobertHeever.” According to Snopes.com, a fact checking website, and contrary to popular myth, “the occasion for Harry von Zell’s immortal flub was not a ...

What’s the beef with SNAP?

Over the last few months, Congress and the president have been wrangling over a new farm bill without any resolution. The biggest bone of contention appears to be the food stamp program, which is officially dubbed the Supplemental Nutritional Assistance Program (SNAP). Republicans seem to ...

Housing prices and affordability

It’s been a long time coming. According to the Federal Housing Finance Agency, which publishes a measure of single-family house prices, U.S. housing prices have finally recovered from the housing bubble of the mid-2000s. That bubble burst in 2007 and ushered in five consecutive years of ...

What do you get for your income taxes?

A couple of weeks ago, this column covered the recent budget-busting tax-and-spending bills passed by Congress and how, in the midst of one of the longest economic expansions in history, Congress squandered an opportunity to reduce the size of the national debt relative to national income. ...

Don’t be fooled by balanced budget amendment proposals

Last Thursday, Congress voted on a balanced budget amendment. This sham legislation is a phony attempt by members of the House to show they are fiscally responsible. Coming on the heels of recent budget-busting tax cuts and spending increases, the proposed balanced budget amendment could not ...

Gender pay gap narrows at slower pace

For many, the gap between women’s and men’s wages is narrowing far too slowly. Others wonder why it is even an issue. Few if any issues in economics are more contentious, more misunderstood and more studied. The National Committee on Pay Equity, a coalition of more than 100 social ...

Consumers taken to the cleaners

Consumers are being taken to the cleaners by a tax recently imposed on washing machines. On Jan. 22, President Donald Trump announced an import tax (tariff) of 20 to 50 percent on washing machines imported from South Korea and China. If you are in the market for a new washing machine, then you ...