Beacon Economics

The most pressing issue facing the U.S. economy is deficit spending and the growing national debt… that’s where the policy focus should be.

The most pressing issue facing the U.S. economy is deficit spending and the growing national debt... that’s where the policy focus should be.

California has lost more than 850,000 residents over the past decade, people who have relocated to nearby states... and are financially better off when they get there.

Stagflation is a rising danger in the United States, but the reasons why are different than in the past.

Our cognitive biases lead us towards negative narratives more than positive ones... that's a problem for economic policy.

When economists amplify claims that are inconsistent with the evidence, we do not close the gap between perception and reality—we widen it.

With debt above $40 trillion and deficits projected to widen, the nation is in an increasingly fragile fiscal position.

The recent downward revision of U.S. job numbers isn’t a conspiracy; it’s very likely the real deal and reflects an intensifying labor shortage.

The red wave that swept Donald Trump to a second term took most everybody by surprise. Unsurprisingly, the big win has sparked...

People should respond to real experiences more than to the labels attached to those experiences – that’s the concept of the rational agent. In practice, however, labels do matter… a lot.

Surveys capture narratives that may not fully reflect reality. Today, this is on full display in Americans’ views of the current U.S. economy.

The holidays have always been a time of higher-than-normal consumer spending. However, a drift downward in spending at this festive time of year has been occurring for years. This is likely a function of many things, the most important of which may be the decline in the number of children in the United States.