The British government and the BBC are celebrating that there has been “the first monthly fall in food prices since 2021” due to inflation remaining flat. It's being welcomed as a huge win in the government’s battle against inflation; they had set a target to halve...
We seem to forget that a tariff is a tax. It is formally levied on importers, not on foreigners or things, but since it can usually be passed along, it ends up as an indirect tax on consumers. The point of tariffs is to protect certain domestic businesses and their...
According to the Fed’s “preferred” inflation measure, the Personal Consumption Expenditures Index (PCE)—you know, the one that excepts those extraneous things you never buy, things like food and gas—well, according to recent PCE readings the Fed has been doing a...
There is an interesting paradigm in political culture where we seem to hold differing standards for private versus public entities. If you were to ask your average person walking down the street whether we should bail out a random, private company that is not...
A common way politicians and government officials bury bad or controversial news is to release it at a time when it is guaranteed to receive limited attention, such as 4:45 p.m. on a Friday or right before a holiday. The Federal Trade Commission (FTC) and the...
Last March, Federal Trade Commission (FTC) board member Christine Wilson resigned following publication of an op-ed in The Wall Street Journal detailing FTC Chair Lina Khan’s mismanagement of the agency. The op-ed details possible violations of federal ethics...
Both of the Federal Reserve Bank’s stated policies of under-market interest rates and generating a minimum of two percent general price inflation are creating a permanent financial underclass in America by keeping home ownership perpetually out of reach for struggling...
Javier Milei, the newly elected president of Argentina, spoke the other day at the annual meeting of the World Economic Forum in Davos, Switzerland. The WEF is essentially a group of people who want world affairs centrally planned by political authorities. They are...
