In a recent interview with CNN, Kamala Harris said that Bidenomics is working and that she is “proud of bringing inflation down.”
However, the Bureau of Labor Statistics published the latest CPI at 2.9%, despite annual inflation being 1.4% when she took office. Inflation is a disguised tax and accumulated inflation since January 2021, when the Biden-Harris administration started, has increased more than 20%.
I recently had the opportunity to attend a homeschool resource fair at a small local school for the arts in my hometown. Every classroom and corridor was filled with tables covered in information about homeschool co-ops, clubs, private classes and teachers. Everything from ballet to robotics, art, woodworking, and every conceivable academic approach were represented by eager adults, excited to share their particular interest and expertise, and most of it free.
Conventional wisdom has it that the Federal Reserve system (the “Fed”) and the US Treasury Department are two separate entities. Congress created the Fed in 1913 as a legally and financially independent federal agency, privately owned by its member banks, with no funding from the federal budget. The US Treasury, on the other hand, is an Executive-branch cabinet-level department reporting directly to the President, with funding appropriated in the federal budget.
