Real Hourly Wages, Up Seven Lousy Cents While Washington and the press continue to obsess over the abortion issue, the consumer price index came in hot in March, for the third straight month, reports the WSJ. The CPI rose 0.4% in March for the second month in a row after a 0.3% increase in January. […]
Is More Inflation on the Way?
At SchiffGold.com, Peter Schiff says an “inflation bloodbath [is] on the way.” SchiffGold.com writes: This time Peter tackles Jerome Powell’s speech from Wednesday, in which he announced that the Fed is holding the federal funds rate between 5.25 and 5.5%. He also briefly discusses Bitcoin’s pullback and the media’s lies about Donald Trump. On Powell’s announcement, several commodities […]
Corporations Aren’t from Mars
Sticking It to $15-an-hour Cashier In Joe Biden’s State of the Union address last week, the President shouted to his audience how he would raise the corporate income tax to make corporations pay their “fair share.” “Whatever that is,” speculates Daniel Oliver in American Greatness. The Democrats leapt to their feet, hooting, clapping, and cheering […]
Biden Incoherent on Inflation
Joe Biden’s fourth State of the Union address was filled with veiled attacks on Donald Trump, but when it comes to discussing the issues most pressing to Americans, Biden was incoherent. The New York Sun called out Biden’s failure to address the topic on so many Americans’ minds, writing: Mr. Biden offered no coherent discussion […]
What’s Wrong with America’s Inflation Measurement?
America’s inflation measurements are broken, or never worked to begin with. At the Cato Institute, Alan Reynolds explains one part of the problem: the heavy weighting toward Owner’s Equivalent Rent, or housing. He writes: Last May, I wrote a piece called “We Are Measuring Inflation All Wrong: Non‐housing Inflation Is Very Low.” That has not changed. The uniquely quirky […]
Grocers Shame Companies for Shrinkflation
The Bidenflation era has forced companies and consumers to adapt to inflation. Many consumer products companies have implemented “shrinkflation” policies, which happens when a company offers a smaller amount of a product for the same price it had previously offered the larger amount. Grocery stores are now calling out their suppliers for shrinkflation tactics. Mark […]
The Slack and Slop at the Fed
At Stockman’s Contra Corner, David Stockman explains that the Federal Reserve’s levers of control over the economy include a lot of “slack” and “slop.” Such imprecise control leaves a lot of room for mistakes. He writes: But here’s the thing. The Fed’s only real anti-inflation tool amounts to toggling the money market interest rate (i.e. […]
Government at Work
Biden Administration Adds $10 Billion in Red Tape From a study by the American Action Forum (AAF): Despite Monday being a federal holiday, Federal agencies collectively announced $9.4 billion worth of regulatory costs in a four-day span, from 16 January to 19 January. Overall, the Biden Administration has added approximately $454.2 billion in regulations since […]
Can the World Survive a Debt Deluge?
There’s a mountain of debt coming to markets. The editors of The New York Sun wonder how the world will survive. They write: One can imagine how Noah felt when he was told to build his ark. Today, a “deluge of debt,” as the Financial Times puts it, threatens the world, with “unmoored” borrowing sparking market […]
Americans Must Demand an End to the Welfare-Warfare State
At the Ron Paul Institute for Peace and Prosperity, former congressman and presidential candidate Dr. Ron Paul explains that Americans must demand an end to the welfare-warfare state because neither political party or presidential candidate is likely to achieve that goal alone. He warns that if America doesn’t change its ways on spending and fiat […]
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