Most people have heard about statistics or polls that report on the state of the American consumer and something called “consumer confidence,” but few know what they are or what they mean or even recall what the latest reports reveal.You might have also heard that Keynesian Paul Krugman had claimed that such statistics were biased against Democrats and President Biden, but my colleague at the Mises Institute, Jonathan Newman, showed that properly understood the statistics from late last year were reasonable and straightforward. You should follow Dr. Newman’s writings on Mises.org.As the American and world economy begin to emerge from the economic chaos induced by Covid and the Government’s and Federal Reserve’s “war of all against all” we are beginning to see more synchronicity in economic
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