Consumers Pay Tariffs
Donald Trump believes tariffs could offset taxes, but tariffs will be a tax in itself to the American consumer. Trump is proposing to raise taxes from 60% to 100% on [...]
Canada’s Household Debt Exceeds Total GDP for First Time
For the first time in history, the total private debt of the Canadian public has exceeded the total national Gross Domestic Product (GDP) after reaching 100.7%. This is significantly higher than in the United States, which has been declining since 2008. Household debt in the United States is now under 80% of GDP. Clearly, Canada’s private household debt is counter-trend.
Germany’s household debt has been declining longer than in the United States, reflecting the problem the central bank has had in trying to compel people to borrow. If they do not TRUST the future, they will not take on debt at any price level.
Latest Posts
Simplify the Tax Code
The incoming Department of Government Efficiency (DOGE) under Elon Musk and Vivek Ramaswamy is tackling a serious problem – the complex tax code. Donald Trump has also expressed a keen [...]
Justice for Laken Riley
Charges have finally been brought against Jose Ibarra, the illegal migrant from Venezuela who brutally murdered nursing student Laken Riley. The court found Ibarra GUILTY on 10 charges, including murder, [...]
Zelensky Responds to His Use of Long-Range Missiles
https://www.armstrongeconomics.com/wp-content/uploads/2024/11/Zelensky-Interview.mp4 Zelensky, when asked about his actions leading to World War III, switches from English to Ukrainian and claims that since North Korea sent troops into Russia, this makes [...]
