In this administration, it’s always someone else’s fault. Inflation is now the No. 1 concern of voters, so the White House first blamed COVID. Then Donald Trump’s tax cuts. Then Vladimir Putin. Then meatpackers and the poultry industry, Big Oil and pharmaceutical companies. Now, Democrats have identified a new inflation
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After presiding over the biggest Federal Reserve failure in 40 years and with inflation rating as the top concern among Americans, Jerome Powell’s nomination to a second term as chairman was approved
On May 10, President Biden said that fighting ever-worsening inflation—sitting at 8.3 percent as
Going food shopping feels like getting punched in the gut. You pick
In this administration, it’s always someone else’s fault. Inflation is now the No. 1 concern of voters, so the White House first blamed COVID. Then Donald Trump’s tax cuts. Then Vladimir Putin.
After presiding over the biggest Federal Reserve failure in 40 years and with inflation rating as the top concern among Americans, Jerome Powell’s nomination to a second term as chairman was approved
On May 10, President Biden said that fighting ever-worsening inflation—sitting at 8.3 percent as of the just-released April Consumer Price Index (CPI) report—is his “top domestic priority.” He promised, “All of my plan is focused
Going food shopping feels like getting punched in the gut. You pick up a whole roasting chicken, hoping it will feed four, and see the price: over $10 in many New York
Washington never learns. Never. Politicians are like collective Alzheimer’s disease patients. They have no short-term memories. Does anyone remember 2008? It was only 14 years ago. Then, America suffered through one of
Politicians, the Federal Reserve, and Fed and administration apologists like to claim that the inflation we face is caused by supply constraints. This claim goes against the facts on the ground. According
In March, inflation jumped 8.5%, the biggest spike since 1981. Economic growth is expected to slow. Voters are expected to be angry. Yesterday, press secretary Jen Psaki warned, “We expect March CPI
History has a way of repeating itself. Or maybe it’s that people cling to defunct beliefs, stubbornly refusing to learn from experience. Such stubbornness is on display when pundits, legislators and President
Many people still blame today’s inflation on snags in globe-spanning supply chains. The chief proposed solution is to dismantle decades of globalization and bring production home. Some are also pushing for measures
The tragic events of the past week highlight the wisdom in maintaining a fiscally sound house, rather than a highly indebted government, before emergencies strike. Russia’s barbaric invasion of Ukraine and the
