The federal government went from lender of last resort to spender of last resort. The result has been questionable at best. COVID is being controlled, but the recovery is not. Increasingly it appears that massive government spending took place to…
Crime is up. Prices are up. Border crossings in the Southwest are up. Unemployment is still up. Our national debt is up. Gas is hard to find. Civil unrest surrounds us. And the Middle East is in turmoil. Sounds a…
Can we solve poverty just by handing out money? What about unemployment? President Biden and many of the Democrats in Washington, D.C., think so. Their decision to extend the $300 weekly unemployment insurance (UI) bonus is continuing to drive unemployment…
Stagflation, which reigned during the presidency of Jimmy Carter, occurs during an unusual confluence of events: high inflation, low economic growth, and high unemployment. Normally, high inflation happens during periods of rapid economic expansion and low unemployment. On the opposite…
Sacramento Over the weekend, my wife, kids, and I celebrated my mother’s 86th birthday at a restaurant. It was a weird feeling, sitting indoors and doing some of the things we used to do before the stay-at-home orders. Aside from…
I just got back after three days on the road in Ohio and a little bit of West Virginia. I regularly make rounds of food production plants of all sorts to inspect the processes they have asked to be certified…
President Joseph Biden has some extremely smart men and women advising him on economic issues. The only one I knew even the slightest little bit personally is Janet Yellen, the secretary of the Treasury. Long ago, when I worked for…
When schools across the country shut down last March, Hannah Haller found herself at home. Haller, a 26-year-old newlywed who had been a part-time assistant at a preschool in Saginaw, Michigan, had nowhere to go. And she loved it. “I…