Economics

The ‘Inflation Reduction Act’ Will Do Almost Nothing That Joe Manchin Says It Will 2
- Economics, Politics, Uncategorized
- August 15, 2022
In a major reversal, U.S. Senator Joe Manchin (D–WV) struck a deal with Senator Chuck Schumer (D–NY) to enact a major climate, entitlement, and tax bill. This legislation has been praised by President Biden, Al Gore, and other proponents of highly progressive policies. Dubbed the “Inflation Reduction Act of 2022,” Senate Democrats voted to pass
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The Joke That Is Higher Education 3
- Education, Economics
- August 8, 2022
A popular joke amongst recent college grads runs as follows: An engineering graduate asks, “How does that work?” A business accountant graduate asks, “How much does that cost? A liberal arts graduate asks, “You want fries with that?” Such a joke reflects the flooded nature of the college degree market. When 2 percent of the
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Senate Increases Government Spending by Passing $740 Billion Bill 1
- Economics, Politics
- August 8, 2022
The Senate has voted along party lines to ratchet up government spending by passing the misnamed “Inflation Reduction Act.” Although it is described as a $740 billion spending package, it is likely to cost far more than that, judging by its fine print. For example, taxpayers will be on the hook for more bad loans.
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Why Are Gas Prices Falling?0
- Economics, Politics
- August 3, 2022
Anyone who has a car is breathing a sigh of relief this last week. After two years of increasing gas prices, we’ve finally had a significant fall in gas prices. Gas prices are still high at $4.33/gallon (nearly double the $2.18 they were in July of 2020), but there appears to be light at the end
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No Place Like Home to Help Freedom Grow 6
- Culture, Economics, Family, Philosophy, Western Civilization
- July 12, 2022
While having dinner with a Chinese couple several years ago, I listened as they described their visiting parents’ response to the American landscape. Having recently arrived from China, the parents’ amazement about the Dakotas was particularly amusing. “So much space!” was the loose translation. “They could build so many apartments!” I laughed heartily at the
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Biden Administration Illegally Sells Oil to China, Depleting Strategic Petroleum Reserve 11
- Economics, Politics
- July 8, 2022
The Biden administration sold a million barrels of oil from the Strategic Petroleum Reserve to a China-owned gas giant. This is bad for national security, because it enables China to build a stockpile to use during a future war against America’s ally Taiwan. It leaves the U.S. with even less oil to cope with a
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