by Josh T. Smith Inflation has no cure-all. The Federal Reserve’s rate hikes — two already this year, and more expected — might help, but they do nothing to address one of the main underlying problems: not enough workers. According to the most recent government data, there are ...
“Companies are paying higher wages, spending more for materials and absorbing record freight costs, pushing up economic inflation gauges. They are also reporting some of their best profitability in years.” The above quote comes from the article “What Does Inflation Mean for American ...
In 1974, when the inflation rate was 11.04%, President Gerald Ford came up with a slogan: “Whip Inflation Now.” WIN buttons were manufactured by the millions and people were asked to wear them to demonstrate grassroots solidarity to combat the economic scourge. The campaign was later ...
by Ramesh Ponnuru Inflation is likely to be the most powerful issue working for Republicans in this year’s congressional elections. Public concern over it has been rising fast. Republicans can plausibly blame the administration of President Joe Biden for making the problem worse by ...
U.S. gross domestic product shrank 1.4% in the first quarter at the same time inflation continued to soar. For older Americans, that combination conjures memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices ...
A deadly epidemic has struck birds across the Midwest and, while it’s no COVID-19, the consequences are far-reaching. Avian influenza, often called bird flu, is spreading from migratory waterfowl to other wild birds and on to poultry farms. While the disease is believed to pose no threat ...