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Government Failure and Socialism
Post from First Trust Economics Blog Brian S. Wesbury – Chief Economist Robert Stein, CFA – Deputy Chief Economist Aug 17th, 2026 The biggest political news of recent months is the rise of the Democratic Socialists of America. We suppose this started in New York City, with the election of Mayor Zohran Mamdani, but it has spread […]
A Low-Immigration Economy
Post from First Trust Economics Blog Brian S. Wesbury – Chief Economist Robert Stein, CFA – Deputy Chief Economist Aug 10th, 2026 One of the most dramatic policy shifts under President Trump has been a massive change in net immigration. Good or bad, right or wrong, estimates suggest that in the past eighteen months the net flow […]
Warsh Deserves Time
Post from First Trust Economics Blog Brian S. Wesbury – Chief Economist Robert Stein, CFA – Deputy Chief Economist Aug 3rd, 2026 Kevin Warsh became Fed Chair barely ten weeks ago. He has presided over just two sets of monetary meetings and held two press conferences. Nonetheless, more than any chairman since at least Alan Greenspan, he […]
More of the Same
Post from First Trust Economics Blog Brian S. Wesbury – Chief Economist Robert Stein, CFA – Deputy Chief Economist July 27th, 2026 The more things change, the more they stay the same. The US economy grew 2.0% in 2025 and it looks like it is growing another 2.0% this year. Real GDP grew at a 2.1% annual […]
Warsh Has the Fed Right Where He Wants It
Post from First Trust Economics Blog Brian S. Wesbury – Chief Economist Robert Stein, CFA – Deputy Chief Economist July 20th, 2026 We’re back to reading tea leaves! Hooray! Next week the Federal Reserve will have its second meeting since Kevin Warsh officially took the helm. And, at this point, the outcome is far from certain, which […]
Is US Democracy at Risk?
As we move toward the mid-term elections, many are making the argument that “democracy is at risk.” We get politicians making this argument, but when supposedly sober political and economic analysts start to make it, we do get worried. For example, the Chief Economics Commentator of the Wall Street Journal recently argued that the Trump […]
America’s 3.5-Second Miracle
Post from First Trust Economics Blog Brian S. Wesbury – Chief Economist Robert Stein, CFA – Deputy Chief Economist July 6th, 2026 In 1852, Karl Marx said “Men make their own history, but they do not make it as they please; they do not make it under circumstances chosen by themselves, but under circumstances directly encountered and […]
Alan Greenspan, RIP
Post from First Trust Economics Blog Brian S. Wesbury – Chief Economist Robert Stein, CFA – Deputy Chief Economist June 29th, 2026 Alan Greenspan passed away last week at the ripe old age of 100. Other than presidents, few Americans have wielded as much power in the arena of economic policy as Greenspan did during his roughly […]
New Leadership, New Direction
Post from First Trust Economics Blog Brian S. Wesbury – Chief Economist Robert Stein, CFA – Deputy Chief Economist June 22nd, 2026 The results of Kevin Warsh’s first official set of meetings on monetary policy as the Chairman of the Federal Reserve were like a breath of fresh air. It wasn’t so much what he said, as […]
Is Productivity Growth Picking Up?
Post from First Trust Economics Blog Brian S. Wesbury – Chief Economist Robert Stein, CFA – Deputy Chief Economist June 15th, 2026 This week the Fed has its first meeting under new Chair Kevin Warsh. For only the third time in US history, the former Chair, Jerome Powell, will still participate as a regular member of the […]
