The ‘Oh, but Price Controls Did Work’ Claim
Statists are demanding that the government impose price controls, now that reckless spending and money creation have brought on rapidly increasing prices.
Economy
The Biden Team Whistles Past the Graveyard on Recession Fears
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.
Stock Market Plunges 600 Points, Entering Bear Territory
Inflation and fears of rapid interest rate hikes likely drove the decline.
Today in Capital Matters: Preventing Stagflation
Jonathan Bydlak writes about preventing stagflation.
The Political Impact of Inflation Is about to Snowball
Bad inflation numbers, and higher price levels that won’t go away.
There Will Be No ‘Soft Landing’ on Inflation If We Never Begin Our Descent
The longer we wait to begin our inflation descent, the harder the landing will have to be.
Economists Aren’t Doing Much Economics These Days
The sad state of the economics profession is a good argument for think tanks.
President Whiner, Continued
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.
In Anticipation of Friday’s Inflation Report
Unlike April, when the gasoline price index actually helped temper the headline inflation number, gasoline will be a significant driver of inflation for May.
Sri Lanka’s Collapse and the End of Globalization
Worsening global economic conditions are going to hit developing countries the hardest.