The latest national employment numbers were released on Friday. Expectations were high. A combination of vaccinations, relaxing of pandemic-related economic restrictions, and stimulus funding that passed in March were enough to have experts predicting 1 million new jobs in April. The reality was quite different—just 266,000 new jobs in April, the biggest underperformance in memory, and an unemployment … Continue reading Abysmal Jobs Report Shows Folly of Biden’s Big-Spending Agenda
Category: Economy
President Biden on Wednesday pitched a new plan to Americans before a joint session of Congress: more spending. The just-released $1.8 trillion plan, presented just weeks after Biden signed a $1.9 trillion in COVID relief spending into law, includes “free” community college as well as universal preschool for all three and four-year-olds. “Mr. Biden could … Continue reading The US Government’s Debt-to-GDP Ratio Is Worse Than Greece’s Before the 2008 Crash (And It’s About to Get Worse)
This article is excerpted from the FEE Daily, a daily email newsletter where FEE Policy Correspondent Brad Polumbo brings you news and analysis on the top free-market economics and policy stories. Click here to sign up. Given the federal government’s unprecedented spending spree and money-printing splurge over the last year, many critics have warned that such fiscal … Continue reading ‘The Costs Are Just Up, Up, Up’: Warren Buffett Issues Grave Warning About Inflation
The Internal Revenue Service and the estate of Michael Jackson have been battling over the value of the singer’s assets since he passed more than a decade ago. The Wall Street Journal reports that the Jackson team has won a big victory over the government tax agency on an estate tax case. The battle illustrates the absurdity of broad‐based wealth … Continue reading Fatal Flaw in Estate and Wealth Taxation
This article is excerpted from the FEE Daily, a daily email newsletter where FEE Policy Correspondent Brad Polumbo brings you news and analysis on the top free-market economics and policy stories. Click here to sign up. The Biden administration recently announced yet another multi-trillion-dollar spending proposal: The “American Families Plan.” It would spend trillions subsidizing childcare, funding … Continue reading Ivy League Analysis: Biden’s $2.5+ Trillion ‘American Families Plan’ Would Hurt Economy in 3 Key Ways
Today’s corporate virtue signaling is the 1990s version of greenwashing given that the promotion of doing ‘good’ is superseding outcomes derived from it. Nevertheless, the impetus for addressing environmental, social, and governance (ESG) issues, as depicted within the UN’s Sustainability Goals, is proving itself to be a global mandate for firms of all types. This … Continue reading Warren Buffett Just Snubbed the ‘Social Responsibility’ Craze. Here’s Why He’s Right
Editor’s Note: This article was written for the Instytut Misesa in Poland and published in Polish on May 7, 2021. Below is the English version. (The Polish version is here). The Law and Justice Party of the Polish government is borrowing an old name from American history as a label for a new program of … Continue reading Repeating the New Deal’s Old Mistakes
At last week’s climate summit, U.S. Trade Representative Katherine Tai underscored that “trade policy can be a powerful tool to create incentives for positive competition” as countries explored domestic measures for how best to handle environmental challenges. Indeed, advancing free trade is a key policy action for effectively facilitating a healthy environment. The proven, right way to ensure … Continue reading Why Advancing Trade Freedom Is Key to Cleaner Environment
Vickie Phillips received an unpleasant surprise when she stopped in for a fill-up at the Pop Shoppe in Greensboro, North Carolina on Monday. There was no fuel. “I can’t believe that we’re here and can’t even get gas,” Phillips told a local TV station. “People are tired of sitting in the house and they just … Continue reading The Government’s War on Pipelines Made Us Vulnerable to Attacks on Our Infrastructure
In a recent debate, the five Democrats seeking their party's nomination for Virginia governor voiced their positions on various financial issues facing the state. Sadly, though not surprisingly, the debate was not so much about whether to spend taxpayer dollars as it was about how and where to spend them. Lee J. Carter was particularly … Continue reading Gubernatorial Candidates in Virginia Are Debating How Best to Spend Other People’s Money
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