"Barry Eichengreen says that Bidenomics may be working – inflation is easing and employment is growing – but the messaging is not."

"Robert J. Barro shows that two consecutive quarters of negative US growth have almost always preceded an official downturn designation."

>"A White House fact sheet estimated that a three-month suspension of the federal gas tax will cost about $10 billion."

>"The Russian leader has stabilized the ruble and kept Europe’s leaders guessing by threatening to cut off energy. But he has left the country financially isolated."

"The Biden administration banned new imports of Russian energy Tuesday, closing one of the few remaining loopholes in the West’s sanctions against Vladimir Putin’s rogue state."

"Public views of the economy are at odds not just with official statistics but also with self-reported experience, *paulkrugman writes. “We should try to understand where that disconnect is coming from.”

"President Biden urged lawmakers to pass his stalled economic agenda to stop inflation from “robbing” Americans of the benefits of a rapid economic recovery."

>"Joe Biden has plenty to brag about at the State of Union. Is anyone going to believe him?"

"Richard Nixon’s visit sparked a new era of collaboration but now the relationship between US and China is beginning to unravel."

“Blaming inflation on supply lines is like complaining about your sweater keeping you too warm after you’ve added several logs to the fireplace,”

"If he emphasizes the positive, reality will be on his side."

"A great deal of progress has been made in the past year, and the White House was justifiably happy with the new report."

>"Americans are living through the best labor market in half a century. Pay for low-wage workers is up. Why can’t the left take credit?"

"This would be enormous for gig workers, independent contractor truckers, and a host of other people who are effectively employees but not designated (or compensated) that way."

"The White House is touting a record unemployment rate. But what does that mean in the age of COVID?"