Statists are demanding that the government impose price controls, now that reckless spending and money creation have brought on rapidly increasing prices.
The U.S. isn’t going to have to wait too long to hear whether it is in recession, at least according to the official numbers.
Inflation and fears of rapid interest rate hikes likely drove the decline.
Jonathan Bydlak writes about preventing stagflation.
Bad inflation numbers, and higher price levels that won’t go away.
The longer we wait to begin our inflation descent, the harder the landing will have to be.
The sad state of the economics profession is a good argument for think tanks.
In off-the-record chats, President Biden is whining to the White House press corps that they aren’t giving him enough credit for a great economy.
Unlike April, when the gasoline price index actually helped temper the headline inflation number, gasoline will be a significant driver of inflation for May.