According to the popular way of thinking, our knowledge of the economy is elusive. Consequently, the best that we can do is to attempt to ascertain some facts of economic reality by applying various statistical methods on the so-called macro data.

For instance, an economist has a theory that consumers’ outlays on goods and services are determined by personal disposable income and the interest rate. (The personal disposable income and the interest rate according to the economist’ view are the driving variables of consumer outlays).

With Governor Kay Ivey’s signature on sound money legislation today, Alabama has become the second state this year to expand its sales tax exemption involving gold and silver.

Alabama Senate Bill 13, championed by Sen. Tim Melson and Rep. Jamie Kiel, passed with unanimous support out of the Alabama Senate and then passed unanimously through the Alabama House before making it to the governor’s desk.

As the United States saunters blindly down the dark hall of multipolarity, new questions about its capacity to handle the new realities of international affairs are surfacing.

Most attention is being directed towards Russia, as it’s conducting a controversial military campaign against Ukraine. On top of that, is the perennial question of China. The US is ostensibly making a pivot towards Asia in its efforts to contain the East Asian giant’s rise.

As inflation rates soar toward 8 percent in the United States, many are feeling the squeeze and will be looking to save money, but one place where price inflation is nothing new in America is drugs. Pharmaceuticals made in the US climbed in price by six times as much as everything else in a decade, reported the Journal of the American Medical Association in 2017.

There was great euphoria earlier this year when Bruce’s Beach was returned to the descendants of Willa and Charles Bruce. The couple acquired the property in 1912, and it quickly became an oasis for black leisure. Unfortunately, the success of Bruce’s Beach incited the venom of racists, whose lobbying motivated public officials to use eminent domain as an excuse to capture the property. Journalist Courtney Lindwell gives the harrowing details of the injustice meted out to the Bruce family:

Will the mainstream Right rethink federal law enforcement?

The past six years have witnessed America enter a bizarro world state where Democrats are the prowar, prosurveillance state party, while Republicans have looked rather restrained in comparison.

The small and beautiful island of Sri Lanka is often eclipsed by discussions surrounding its richer, strategically more important, and dimensionally bigger northern neighbor, India. Recently, the island has been battling an unprecedented economic crisis of an alarming magnitude. While it is true that this crisis could have catapulted the island into international limelight, the current Russia-Ukraine hostilities have foreshadowed the plight of Sri Lankans facing relentless power cuts, fuel shortages, and endless hunger.

Next month San Antonians will go to the polls to vote on $1.2 billion in bond proposals. It’s a whopper of a debt-binge that includes funding for unfinished projects authorized by prior bond elections, some of questionable legality, and others representing wasteful jurisdictional overlap.

Also on the ballot will be two constitutional amendments, both aimed at reducing property taxes. The issues are related.