Today in Capital Matters: Inflation and OPEC
Read about inflation expectations and the ‘NOPEC’ legislation in Congress.
Inflation
Rising Inflation Expectations Are Becoming a Significant Concern for the Fed
Inflation expectations are on the rise, which might make the Fed’s job of lowering inflation a lot more difficult.
Swing-State Voters Still More Concerned with Inflation Than Abortion Post-Roe, New Poll Finds
Just 8 percent of likely swing state voters say abortion is a top issue for them.
California’s ‘Inflation Relief’: An Election-Year Handout
There’s no such thing as ‘inflation relief’ at the state level. We must see this scheme for what it is: bribing voters with their own money.
White House’s 2021 Fourth of July Cookout Tweet Did Not Age Well
The cost of Americans’ July 4 cookouts increased 17 percent, or $10, from 2021, something the White House will not be able to boast about.
If You Really Want to Understand Inflation …
On inflation, John Maynard Keynes’s prescription for government economic management steered us wrong in the 1930s and still bedevils us.
Biden at Odds with His Own Cabinet on Gas-Tax Holiday
Joe Biden contradicts his own Energy Secretary on whether suspending the federal gas tax will hurt the government’s ability to pay for infrastructure projects.
The Fed Should Be an Inflation Fighter, Not a Social-Justice Warrior
A House bill that seeks to bring ‘equity’ and ‘inclusion’ to the Fed is a grave threat to responsible monetary policy.
No, Corporate Greed Is Not to Blame for High Gas Prices
Though the Biden administration’s energy policies aren’t helping the problem, the surge is due primarily to global changes in supply and demand.