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.
Inflation
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.
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.
