Debate now rages about whether the Federal Reserve should continue to raise interest rates to tame inflation or slow down these hikes and see what happens. This is not the first debate we’ve had recently about inflation and Fed actions….
The consumer price index (CPI) rose 8.2 percent year-over-year in September. Fuel oil jumped 58 percent, new vehicles climbed 9 percent, and electricity spiked 16 percent. The guts of the Bureau of Labor Statistics report show why this round of…
The Federal Reserve continues to impose tighter money as a cure for inflation while refusing to indict looser money as the cause of it. The Federal Open Market Committee (FOMC) this week offered “supply and demand imbalances related to the…
Here’s how it happened. The economy was overheating in terms of prices because of big jumps in oil and gas prices, caused largely by shortages in hydrocarbons because of shutdowns in energy minerals’ production. These were caused by fantastical claims…
The federal government continues to place harmful burdens on the American economy: tariffs, deficit spending, regulation, and excessive money supply, which is the primary cause of inflation. Inflation is the worst possible burden for members of the lower and middle…
Russian President Vladimir Putin single-handedly managed to hike the U.S. consumer price index to 9.1 percent annually in June, which is a half percentage point increase from May. Yes, he struggles to conquer a neighboring country with a GDP smaller…
Thursday God help us. The current roaring inflation did not start with Comrade Putin’s barbaric invasion of Ukraine. It started with Comrade “Joe” Biden’s slamming down fracking and the big pipeline. That, by itself, turned America from a major oil…
President Joe Biden is taking victory laps for last year’s reduced budget deficit. No one would be happier than me to see this number fall in a significant way. But the decline has nothing to do with the president’s policies,…
Fear and raging inflation have roiled hot but still nascent digital currency markets. From November 15 to May 26, the cryptocurrency market plunged 57 percent, with $1.6 trillion of value lost. At the same time, the price of leading cryptocurrencies…
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 this past week by the Senate, 80 to…