Kevin McCarthy’s debt ceiling bill makes a lot of sense
Recently House Speaker Kevin McCarthy (D, CA) proposed a solution that would increase the Public Debt to $33 trillion. …
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Opinion
It’s Tax Day. Most of Us Paid Too Much. So, How Will We Reduce the Deficit?
April 15th, Tax Day, is upon us (it’s April 18th this year.). That means our Federal Income Tax liability must be…
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Money & The Economy
How Will the Fed React to the Latest Inflation, Jobs Data?
The Bureau of Labor Statistics just released the Consumer Price Index for March. Prices were nearly unchanged, increasing only 0.1%.…
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Opinion
Rising Oil Prices About to Reignite Higher Inflation
OPEC+ ,which is the 13 original OPEC countries plus 10 more countries including Russia and Canada, has just announced it…
Read More » Misguided DOJ Rewards America’s Problem Airlines
Economist Bruce Yandle once famously concluded that regulations are supported by two groups of people: groups that want and generally…
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Opinion
Once Again, Fed Not Aggressive Enough
The Federal Reserve raised the Federal Funds Rate by 25 basis points at its March 22 meeting. Since Chairman Jerome…
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Opinion
Federal Reserve Completely Responsible for Today’s Economic Quagmire
The Federal Reserve meets this week to decide whether to raise interest rates further after six rate increases in the…
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Opinion
Biden’s Proposed 2024 Budget Will Lead to Severe Stagflation
President Biden has proposed a budget for fiscal 2024 that increases government spending by 10% while raising $5 trillion in…
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Opinion
Biden bureaucrats may exacerbate supply chain woes
For the past several years the broken supply chain has been foremost on the minds of American voters. As an…
Read More » Time to Hold the EPA to Account for Meddling in Markets
More and more, government regulations are encroaching on free markets. Generally, such actions are taken in the name of preserving…
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Opinion
Consumer Prices Rose 0.5% in January. Fed Must Get More Aggressive
The Bureau of Labor Statistics just released the Consumer Price Index for the month of January. The CPI rose 0.5% while the…
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Opinion
Latest Data Indicates Fed Must Be More Aggressive
After a shockingly irresponsible monetary policy in 2021, which greatly contributed to the record high inflation, the Fed finally realized…
Read More » A National Sales Tax is a Bad Idea. Here’s a Better One.
The Republicans recently suggested replacing Federal income taxes with a 30% sales tax on all consumption. After careful consideration, the…
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Opinion
Solid 4th Quarter Leads to 2.1% GDP Growth for 2022
GDP growth in the fourth quarter of 2022 was just reported to be 2.9%. That’s down slightly from the 3.2%…
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Opinion
Public Debt — There’s No Chance of a Default
Last week the public debt reached $31.4 trillion. According to the law, that is the maximum debt the federal government…
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