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.
Inflation
The Inflation Reduction Act Won't Meaningfully Address the Budget Deficit
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?
There's Nothing Legacy-Defining About the Inflation Reduction Act
Plus: The editors consider the state of freedom in the U.S. compared with other developed nations.
The Democrats' New Inflation Bill Includes Tax Credits for Electric Vehicles That Don't Exist
Even Democrats are criticizing the bill's unrealistic expectations.
Democrats' Rejection of Permit Streamlining Resolution Doesn't Bode Well for Joe Manchin's 'Side Deal'
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.
Senate Passes $740 Billion 'Inflation Reduction Act' That Will Probably Make Inflation Worse
Plus: Inside Trump's family separation policy, a Grammarly for government, and more...
New Jobs Report Shows Unemployment Back to Pre-Pandemic Levels
The better-than-expected employment numbers are fueling investors' inflation fears and causing the stock market to fall.
Are the Inflation Reduction Act's Climate Goals Plausible?
A 40 percent cut in U.S. greenhouse gas emissions by 2030 is possibly achievable.
Does the Democrats' New Inflation Bill Have Anything To Do With Inflation?
Plus: The editors each analyze their biggest “I was wrong” moment from past work.
The 'Inflation Reduction Act' Won't Actually Reduce Inflation
But it will hike taxes, including on Americans earning less than $200,000 annually.
The CHIPS Act Is Corporate Welfare Disguised as Industrial Policy
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.
America's Meat Shortage Is Self-Inflicted and Fixable
How can it be that with so much cattle in America, we sometimes can't buy meat?
Did Joe Manchin Just Sink Biden's 'Build Back Better' Plan Again?
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 Hits 9.1 Percent, Highest Level in 41 Years
Inflation picked up speed in June, rather than slowing.
Democrats Are Trying To Push Through Another 'Build Back Better' Bill. It Would Only Make Inflation Worse.
Here's hoping we don't wind up with more of the spending and favoritism that's become so common.
Democrats Want To Fight Inflation With Obamacare Subsidies That Would Make Inflation Worse
The political class still hasn't come to grips with the idea that subsidies don't fight inflation.
Chicago Area Fourth of July Shooting Leaves 6 Dead, Dozens Wounded
Plus: Inflation eats up Americans' savings, copyright officials want to protect your fireworks photos, and more...
California Accidentally Leaked the Personal Data of Thousands of Licensed Gun Owners
Plus: America's falling murder clearance rate, the Fed wrestles with inflation, and more...
California Fights Inflation by Sending People Free Money
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...
Biden Ignores His Own Role in Inflation
Stimulus checks, government spending, and Putin’s invasion of Ukraine are only part of the problem.
Obi-Wan Kenobi and the Era of Cultural Stagflation
On streaming and the big screen, we're paying more for less, even as new ideas seem few and far between.
Blame Congress for Pandemic Fraud
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.
Biden's Gas Tax Holiday Plan Already Running on Empty
Prominent Democrats including Joe Manchin oppose a bad idea whose time has seemingly not yet come.
Biden Falls Off the Metaphorical Bike
Plus: The editors unveil their wish list for a hypothetical Libertarian president.
Fixing Our Economic Woes Is as Easy as Looking to the Past
The economy is spinning, but we’ve proven there are viable ways to slow it down to more bearable levels.
Recession 'Virtual Certainty' as Interest Rates Spike
Plus: Libertarian Party drama, how rent control hurts renters, and more...
Robert Breedlove: 'Just Follow the Energy' on Bitcoin, Not the Price
The self-described freedom maximalist explains why he isn't put off bitcoin by its decline since last November.
Why Is Biden So Utterly Useless on Inflation?
Plus: Will the January 6 hearings change any minds?
Has Inflation Peaked?
The Federal Reserve started the problem, and consumers are paying for the consequences.
Social Security Is Running Toward Insolvency
Despite a few encouraging analyses, the numbers just don't add up.
Avik Roy: America Would Be Better Off If Bitcoin Became the World's Reserve Currency.
It would force us to "live within our means," says the president of the Foundation for Research on Equal Opportunity.
Tariffs Are Adding to Inflation. Biden's Commerce Secretary Says Repealing Some 'May Make Sense.'
Tariffs imposed by President Donald Trump and kept in place by President Joe Biden are costing consumers $51 billion annually.
Biden's Plan for Reducing Inflation Will Actually Make It Worse
The president's argument is amazing for its tone-deafness, inconsistent thinking, and sheer economic ignorance.
Biden Says Fighting Inflation Is His Top Economic Priority. His Antitrust Policy Would Make Inflation Worse.
Attacking big firms just for being big could drive up prices.
Politicians Cause Real Pain With Inflationary Policies
Inflation damages the economy while doing the greatest harm to the most vulnerable.
Biden (Almost) Admits That His Own Stimulus Spending Stoked Inflation
Biden's three-point plan to tackle inflation is really a one-point plan: Let the Federal Reserve handle this mess.
Robert Breedlove: Like the Constitution, Bitcoin 'Will Change the Way We Treat One Another'
The self-described "freedom maximalist" and former hedge fund manager talks "incorruptible money," Austrian economics, and why Satoshi Nakamoto's invention is unstoppable.
Blundering Into Escalation in Ukraine?
Plus: A listener asks if it’s possible for bureaucracy ever to be good.
Banning 'Unconscionable Excessive' Gas Prices Is Risky Economic Nonsense
Democrats are trying to inject a political solution into an economic problem.
Jerome Powell, Who Wildly Misjudged Inflation, Is Overwhelmingly Reconfirmed as Fed Chair
There is seldom any meaningful accountability for government incompetence.
What the Hell Just Happened With Crypto?
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?
Bad Policy Creates Inflation and Opens the Door to Even Worse Ideas
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.
Billionaire Michael Saylor Believes in Bitcoin More Than Ever
Despite bitcoin's steep slide, the CEO of MicroStrategy is bullish on its mass adoption.
Inflation Triggers Mandatory Minimum Wage Increases in California
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.
Senate Democrats Try and Fail To Codify Roe v. Wade Abortion Protection
Plus: Texas' social media law goes back into effect, inflation worries voters, and more...
Will Bitcoin Billionaire Investor Michael Saylor End up at McDonald's?
The MicroStrategy CEO and biggest corporate owner of bitcoin is HODLING for the long haul, come bull or bear market.
Inflation Still Soaring at 8.3 Percent as Food, Housing, and Services Keep Getting More Expensive
Gas prices fell in April, dragging the month's average price increases down to 0.3 percent after March's staggering climb.
Elon Musk Has Good Reasons for Wanting To Reverse Twitter's Trump Ban
Plus: A democratic socialist running for office is caught up in a MeToo witch hunt, inflation woes continue, and more...