Central Bankers Are Poor Archers: The Problems and Failures of Inflation Targeting and Price Stability
Police Failures in Philadelphia Have Made Private Policing More Attractive
Kevin McCarthy Faces New House Rules and the Debt Ceiling Fight
It took 15 votes and a host of concessions to the Freedom Caucus and its allies, but Kevin McCarthy (finally) became Speaker of the House. Of course, the real length of the delay (in McCarthy’s eyes anyway) was much longer than the three days last week. Afterall, when John Boehner abruptly stepped down in 2015, McCarthy had been the heir apparent. A similar lack of support among the more hardline fiscally conservative members, however, resulted in the elevation of Paul Ryan to the top job in the House.
For Now, Innovation and Entrepreneurship Still Holds a High Place in the USA
Real Wages Fall for the Twenty-First Month as Rent and Food Prices Keep Rising
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in fifteen months. According to the BLS, Consumer Price Index (CPI) inflation rose 6.5 percent year over year during December, before seasonal adjustment.
Dr. Peter Klein on the Disconnect in Labor Markets
Political Salvation Is Slow Suicide
The number one threat to our lives and prosperity is the US government.
How could it otherwise be? Loaded with trillions of dollars acquired through legalized theft, the US government has gone beyond mere incompetence and foreign adventurism; it now colludes with other governments to reduce populations through the manufactured covid crisis.
Governments are now killing their citizens . . . deliberately.