Tumbling Gas Prices Caused Inflation To Fall to 8.5 Percent in July
Prices for food and housing continued to rise but were offset by lower gas and energy prices.
Prices for food and housing continued to rise but were offset by lower gas and energy prices.
Congress has added $2.4 trillion to the long-term deficit since President Joe Biden took office. Now they want credit for reducing the deficit by $300 billion?
Plus: The editors consider the state of freedom in the U.S. compared with other developed nations.
Even Democrats are criticizing the bill's unrealistic expectations.
The West Virginia senator conditioned his support for the Inflation Reduction Act on reforming federal environmental review laws. His Senate colleagues don't seem so hot on the idea.
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The better-than-expected employment numbers are fueling investors' inflation fears and causing the stock market to fall.
A 40 percent cut in U.S. greenhouse gas emissions by 2030 is possibly achievable.
Plus: The editors each analyze their biggest “I was wrong” moment from past work.
But it will hike taxes, including on Americans earning less than $200,000 annually.
If you believe that moving most of our chip production onshore is good for national security, you should labor for regulatory reforms rather than subsidies.
How can it be that with so much cattle in America, we sometimes can't buy meat?
Plus: Why government responses to risk can create more harm than good, why Denver will no longer block illegal immigrants from starting businesses, and more...
Inflation picked up speed in June, rather than slowing.
Here's hoping we don't wind up with more of the spending and favoritism that's become so common.
The political class still hasn't come to grips with the idea that subsidies don't fight inflation.
Plus: Inflation eats up Americans' savings, copyright officials want to protect your fireworks photos, and more...
Plus: America's falling murder clearance rate, the Fed wrestles with inflation, and more...
Plus: A New Hampshire distiller fights invasive species by turning them into whiskey, a New York City law letting non-citizens vote is overturned, and more...
Stimulus checks, government spending, and Putin’s invasion of Ukraine are only part of the problem.
On streaming and the big screen, we're paying more for less, even as new ideas seem few and far between.
The inconvenient truth behind all the COVID-19 relief fraud and waste is that these government programs never should have been designed as they were.
Prominent Democrats including Joe Manchin oppose a bad idea whose time has seemingly not yet come.
Plus: The editors unveil their wish list for a hypothetical Libertarian president.
The economy is spinning, but we’ve proven there are viable ways to slow it down to more bearable levels.
Plus: Libertarian Party drama, how rent control hurts renters, and more...
The self-described freedom maximalist explains why he isn't put off bitcoin by its decline since last November.
Plus: Will the January 6 hearings change any minds?
The Federal Reserve started the problem, and consumers are paying for the consequences.
Despite a few encouraging analyses, the numbers just don't add up.
It would force us to "live within our means," says the president of the Foundation for Research on Equal Opportunity.
Tariffs imposed by President Donald Trump and kept in place by President Joe Biden are costing consumers $51 billion annually.
The president's argument is amazing for its tone-deafness, inconsistent thinking, and sheer economic ignorance.
Attacking big firms just for being big could drive up prices.
Inflation damages the economy while doing the greatest harm to the most vulnerable.
Biden's three-point plan to tackle inflation is really a one-point plan: Let the Federal Reserve handle this mess.
The self-described "freedom maximalist" and former hedge fund manager talks "incorruptible money," Austrian economics, and why Satoshi Nakamoto's invention is unstoppable.
Plus: A listener asks if it’s possible for bureaucracy ever to be good.
Democrats are trying to inject a political solution into an economic problem.
There is seldom any meaningful accountability for government incompetence.
Last week, the price of bitcoin fell to lows not seen since 2020 while a prominent stablecoin collapsed. Does this mean it was all a Ponzi scheme?
When politicians break the economy, they hurt us in the short term but also create future opportunities to do harm in the name of undoing the damage they inflicted.
Despite bitcoin's steep slide, the CEO of MicroStrategy is bullish on its mass adoption.
The state’s unemployment rate is well above average, yet there’s a ballot initiative hoping to push the minimum wage to $18 an hour.
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The MicroStrategy CEO and biggest corporate owner of bitcoin is HODLING for the long haul, come bull or bear market.
Gas prices fell in April, dragging the month's average price increases down to 0.3 percent after March's staggering climb.
Plus: A democratic socialist running for office is caught up in a MeToo witch hunt, inflation woes continue, and more...