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U.S. Inflation Climbs To 7.5%

Rents rose 0.5% last month in another of a series of sharp increases since last summer. The cost of rent — the biggest expense for many households —has jumped almost 4% in the past year. Food prices also increased again, up almost 1% in January. The cost of groceries...

As Governments Remove Some/Most Covid Restrictions

Robert Higgs: The Ratchet effect In my work, the ratchet effect describes the characteristic way in which government under modern ideological conditions grows during a perceived national emergency. The government's size, scope, and power grow abruptly as the...

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