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Economics

  • Senate Increases Government Spending by Passing $740 Billion Bill

    Senate Increases Government Spending by Passing $740 Billion Bill1

    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?

    Why Are Gas Prices Falling?0

    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

    No Place Like Home to Help Freedom Grow6

    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

    Biden Administration Illegally Sells Oil to China, Depleting Strategic Petroleum Reserve11

    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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  • The Inflation Cure

    The Inflation Cure1

    If you think runaway inflation is brutal, wait until you get hit by the cure. Last week, the Federal Reserve raised the interest rate on money it lends to other banks by .75 percent, the biggest hike in three decades. Fed Chair Jerome Powell said the hike is necessary to rein in skyrocketing inflation. He’s

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  • Higher Gas Prices Ahead

    Higher Gas Prices Ahead3

    If you think gas prices are high now, just wait. They’re going to get much higher, thanks to President Joe Biden’s “irreversible” plan to eliminate fossil fuels. Truth is, your pain at the pump is being planned and executed by the White House. Over the weekend, buyers paid $5 a gallon to fill the tank—or

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