The Federal Reserve has become borderline schizophrenic and downright destructive toward the American people. First, it created trillions of dollars to feed the government’s out-of-control spending, bringing sky-high inflation. Now, in an attempt to fix the inflation problem, it has chosen to go after the American people instead of cutting off the government from its … Continue reading The Fed Is Punishing Americans for the Problems It Created. It’s Time to Rein It In.
Category: Economy
In 2023, more than half of states will be raising their minimum wage. While this may sound like a recipe for disaster, recent reporting has demonstrated that it is not expected to have a significant impact on employment or wages. The reason is straightforward: wages for low-skilled jobs have risen in recent months amid strong … Continue reading Why Do Wages Rise? Not Because of Minimum Wage Laws, New Data Show
Seemingly every day, there are news reports and political commentators repeating economic fallacies that should have been dead and buried long ago. Unfortunately, these misconceptions are often taken by the public to be true at face value, typically because their frequent repetition has given them an unwarranted sense of legitimacy. It is in fact all … Continue reading 3 Common Economic Fallacies That Need to Die
A total of 18 Republicans joined all Senate Democrats to pass a $1.85 trillion omnibus spending bill Thursday afternoon, in the final two weeks in which Democrats control the House of Representatives. The bill passed 68-29. Since there are 47 Democrats in the Senate and three independents who caucus with Democrats, that means 18 Republicans voted to … Continue reading ‘Stunning Act of Betrayal’: Here Are the 18 Senate Republicans Who Voted to Pass $1.85 Trillion McConnell-Schumer Omnibus Bill
The House of Representatives voted 225 to 201 to pass the $1.85 trillion omnibus spending bill on Friday afternoon. This comes a day after the Senate voted 68-29 for the legislation, meaning that the bill will end up on President Joe Biden’s desk for his signature. Nine Republicans voted in favor of the omnibus bill … Continue reading These 9 House Republicans Vote for Omnibus Spending Bill
One of the first economics books I ever read was Economics in One Lesson by Henry Hazlitt and I could hardly have asked for a better introduction to the science of human action. Generations later, no update needs to be written, it is just as timely and just as applicable in the 21th century as … Continue reading Why ‘Economics in One Lesson’ Is as Readable Today as It Was in 1946
U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) this week criticized the Biden administration’s increasing abuse of and reliance on the Defense Production Act (DPA). In a letter to President Biden, Ranking Member Toomey wrote: “The repeated invocation of the DPA for non-defense purposes, such as mineral mining, baby food, solar panel components, heat pumps, and … Continue reading Toomey exposes Biden scheme to use Defense Production Act to nationalize industries
U.S. Sen. John Thune (R-S.D.) recently introduced the Ending Duplicative Subsidies for Electric Vehicles Act, legislation that would prohibit the automobile industry from double-dipping on federal subsidies, specifically electric vehicle (EV) tax credits, grants, and loans for EV manufacturing. The bill would require stakeholders to choose between receiving manufacturing loans or grants to lower the … Continue reading New bill stops scheme to let automakers double-dip in electric vehicle subsidies
While at the 2019 U.N. Climate Change Conference in Spain, Lt. Gov. Mandela Barnes argued to the United Nations that the United States needs to “stymie capitalism” to combat climate change, arguing that the free enterprise system has sent the world down a “path to destruction,” according to a video obtained by the Washington Free Beacon from … Continue reading Dem Senate candidate tells UN: We must stymie capitalism
Today, in its official re-estimate of the President’s FY23 budget – which is a blueprint for the Biden Administration’s plans for the country and the policies Washington Democrats have been pursuing for the past two years – the Congressional Budget Office confirmed that the proposed levels of spending, debt, and taxes in the President’s Budget … Continue reading Nonpartisan Analysis Confirms Biden’s Agenda Will Worsen Economic Crisis Caused by Democrats’ Failed Policies
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