The Pandemic Was a Disaster for Housing Affordability. 2023 Might Be a Little Better.
Rents and home prices skyrocketed almost everywhere over the past two years. There's some hope new supply will bring costs down in the new year.
Inflation
Congress and the Federal Reserve Could Be Setting Us Up for Economic Disaster
If lawmakers keep spending like they are, and if the Fed backs down from taming inflation, then the government may create a perfect storm.
Congress Can Reduce the Deficit by $7.7 Trillion in 10 Years
The Congressional Budget Office projects that future deficits will explode. But there's a way out.
Inflation Cools to 7.1 Percent, but Still Has a Long Way To Fall
Food prices were up 0.5 percent during November, even as energy prices fell by about 1.6 percent.
Congress' Lame-Duck Legislators Want To Spend Money Like We're Still in a Pandemic
It's especially outrageous when considering the billions of dollars in fraud that took place thanks to COVID-19 relief programs.
The Inflation Shield?
The Producer Price Index shows that grocery stores appear to be shielding consumers from inflation, not hiking prices to gouge Americans.
Biden's Spending Spree Is Unprecedented
Instead of redirecting course, Biden is continuing Trump’s spending legacy.
The Best Ever Libertarian Gift Guide
Until next year's, because capitalism is always making things better.
Poll: Republican Voters Were Mad About Inflation, Not Trans People
It's still the economy, stupid.
Republicans Need an Actual Plan To Grow the Economy
The biggest beneficiaries of economic growth are poor people. But the deepest case for economic growth is a moral one.
Farm Subsidies and Food Stamps Won't Fix High Grocery Prices. Innovation Will.
With government meddling, many farmers end up doing less with more, and people end up paying more for less.
Impersonators Are Already Running Amok Under New Twitter Rules
Plus: "you can't spoil what's already rotten," inflation stayed high in October, Election 2022 takeaways, and more...
Worries About Inflation Didn't Stop Voters From Approving Minimum Wage Increases
A minimum wage increase passed in Nebraska and appears to have done the same in Nevada. In D.C., tipped workers will get a possibly unwelcome increase as well.
A GOP-Led Congress May Focus on Owning the Libs. Instead, It Should Focus on Owning Inflation.
If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.
White House Deletes Tweet Praising Biden for Inflation
In a now-deleted tweet, the official White House Twitter account attempted to frame a mandated cost-of-living increase in Social Security checks as the result of President Biden's good "leadership."
Don't Bet on Inflation Going Away Soon
"The history of developed countries since 1970 is very discouraging about the prospects of bringing down 8 percent inflation," says Larry Summers.
Latest GDP Numbers Aren't Calming Recession Fears
The U.S. Bureau of Economic Analysis reports that GDP grew 0.6 percent in the third quarter of 2022.
The 'Experts' Were Never Going To Fix Inflation
The idea that the Fed has the knowledge necessary to control the economy with perfectly calibrated policies was always an illusion.
Liz Truss Resigns as British Prime Minister
After just six weeks in office, the embattled Conservative leader is out.
Netflix Teams Up With the Obamas To Produce Big Government Propaganda
The G Word, a new documentary, only occasionally covers serious issues. But it opts not to do honest reporting.
Biden's New Industrial Policy Will Fail, Just Like Industrial Policy Always Fails
While campaigning for the midterm election, the president is promoting a disastrous and expensive form of economic protectionism.
Inflation Hits 8.2 Percent After Another Month of Sharply Rising Prices
Prices rose by 0.4 percent in September, faster than economists expected and indicating that rising interest rates aren't getting the job done.
What the 1970s Can Teach Us About Today's Inflationary Politics
Inflation is a problem for politicians. Unfortunately for them, it's not a problem they know how to solve.
Drugs, Debt, and Masculinity
Plus: The editors wade into the conversation surrounding the modern dilemmas men face.
Biden's Conference on Food Insecurity and Health Served Warmed-Over Ideas
No new, interesting, or helpful food policies are coming from this administration.
Here's Why Biden Is Wrong About the Deficit
His administration has expanded deficits by $400 billion more than expected, even before we count recent spending.
Migrants Are People, Not Props
Plus: The editors have gripes with Biden’s recent interview on 60 Minutes.
The U.K.'s New 'Free Market' Prime Minister Is Fighting Inflation With Price Controls
This fiscal irresponsibility throws gasoline on the country's already raging inflation fire.
California Plows Ahead With Providing Free Money To Mitigate Inflation
The state's $9.5 billion Better for Families program will provide checks of up to $1,050 to state residents to stem the rising costs of living.
As Inflation Soars, Biden Hosts Cringey Concert Celebrating the Inflation Reduction Act
James Taylor croons while the stock market burns after another ugly report on inflation.
Latest Inflation Numbers Show That Rent Is Too Damn High
The cost of shelter was up 0.7 percent in August and 6.2 percent for the year, according to the latest Consumer Price Index report.
Rising Grocery Prices Pushed Annual Inflation to 8.3 Percent in August
Even as gas prices continued to tumble, rising prices for food and housing pushed inflation higher in August and proved that prices aren't cooling off yet.
Marco Rubio Wants To Make Your Groceries More Expensive
The senator from Florida calls for tariffs on imported fruits and vegetables.
Americans Spent More on Taxes Last Year Than on Food, Health Care, Education, and Clothing Combined
Plus: The Virginia Libertarian Party dissolves, San Franciso decriminalizes psychedelic plants, and more...
A Young Joe Biden Mocked Gerald Ford's 'Whip Inflation Now' Slogan. Now He Faces His Own Inflation Mess.
During his own inflation crisis, President Ford called on the American public to do their part through personal fiscal discipline.
The Biden Administration Is Taking From the Poor and Giving to the Rich
From student debt cancellation to green subsidies, the White House is giving handouts paid for by hardworking lower-wage Americans.
Freedom Was Giving Us Prosperity and Full Bellies. Political Leaders Squandered What We Had.
Government officials broke the world, and we’re all paying the price.
Biden's Student Debt Relief Plan Will Worsen Inflation
"Student loan relief would lead some people to spend more," warns Obama economic advisor and Harvard economist Jason Furman
Democrats Attempt To Boost Midterm Fortunes by Pitching Inflation Reduction Bill That Won't Reduce Inflation
Plus: Federal judge halts part of Florida's Stop WOKE speech law, streaming services overtake cable, and more...
The Inflation Reduction Act Barely Puts a Dent in the Deficit
But it will raise taxes and sic thousands of new IRS agents on American households.
The Pandemic Home-Building Boom Is Over
Builders are starting fewer new housing projects but housing construction rates remain steady. Experts say it's a product of inflation catching up with persistent supply chain problems.
Congress Just Passed the Inflation Reduction Act. It Will Hike Taxes on Some Middle-class Households.
It also spends billions on new green energy programs, and it lets the IRS hire 87,000 new agents.
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.
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.
