Price Inflation Hit Multi-Month Highs in July, but Trump Wants More Easy Money

Last week, I noted that in spite of mounting pressure on Fed Chairman Jerome Powell and the FOMC to cut the target policy interest rate, the Fed absolutely should not do it. Although Powell claims that current monetary policy is restrictive, this is not the case. Indeed, following an injection of more than five trillion dollars into the economy since early 2020, the last thing we need is even more Fed intervention in the economy to add even more liquidity. I wrote: 

San Francisco Has A Black Market for Housing. That’s as Bad as It Sounds.

The owners of three single-room occupancy (SRO) hotels in San Francisco’s Chinatown recently settled a lawsuit with the city, agreeing to pay a hefty fine of more than $800,000. Among their alleged crimes was that they “illegally converted, combined or added unauthorized housing units” to their properties.

The allegations expose something that should be humiliating for San Francisco: the development of a black market for housing.

The Student Debt Racket

The student debt crisis isn’t a natural market phenomenon; it’s the predictable result of decades of government interference. Since 1980, average tuition and fees have increased by 1,200 percent, while consumer price inflation has risen only 236 percent over the same period. This massive increase has left students and families struggling to keep up, often forcing them to take on substantial debt just to attend college.