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TAG: economy

Wild inflation? A closer look shows we’re approaching normal

by Mark Weisbrot Do Americans understand what is happening with inflation in this country? This is an important question, because the public’s perception can influence national policy and political choices. Before the midterm elections one month ago, 87% of likely voters told ...

Biden economic agenda needs overhauled

by Karl W. Smith Presidential administrations never stay the same from beginning to end. Top personnel come and go for various reasons, and we seem to be seeing that now with the Joe Biden administration. Bloomberg News recently reported that the White House’s top economic adviser, ...

The unbelievably high cost of gov’t regulations

When talking about the economy, it’s easy to overlook a major drag on growth — regulations. Late last month, the Competitive Enterprise Institute released its annual review of federal regulations. It’s appropriately titled “Ten Thousand Commandments 2022.” Regulations are rules ...

Liz Truss’ downfall won’t end trickle-down economics

by Jacob Soll With former British Prime Minister Liz Truss’ free-market reforms having severely wounded the British economy, a chorus of pundits have claimed that the end of free-market thought is upon us. Who could at this point be so foolhardy as to claim that simply cutting taxes ...

Federal Reserve is right to suggest slowing rate hikes

Economies are not known for being simple things to untangle. Unlike in the physical sciences, where if you do enough calculations, you can shoot a projectile into an asteroid moving at an incredible speed 7 million miles away, the so-called laws of money deal with the hazier and less ...

Solid state financial trend is grist for tax cut debates

West Virginia state government’s monthly revenue report was way up again, this time going into the swirl of the election just a week away. State revenue for October was almost $148 million ahead of estimates, according to a report distributed by the state Senate Finance Committee. For ...