As interest rates get set to rise, Uncle Sam is unprepared to handle the fallout
With the new year in fiscal recklessness and folly underway, it’s worth recalling that, as the Federal Reserve starts raising interest rates, Uncle Sam’s balance sheet will get even worse….
Paul’s report on government waste in 2021
It’s an open secret that official Washington wastes billions of tax dollars every year…and yet still has the gall to say that such waste is largely fiction. Kentucky Sen. Rand…
The man who warned about inflation is wary of the future
Some contrarian economists on Wall Street are beginning to think inflation may rear up to seven percent for the first part of the year – a pace not seen in…
Paycheck Protection Program was a costly dud
Among the many federal efforts to prop-up the economy in the wake of government-mandated business closures was the Paycheck Protection Program, or PPP. Roughly $800 billion was shoveled into PPP,…
American Innovation and Choice Act is none of those things. But it is a window into economic ignorance
The Senate is holding hearings on a bill called the”American Innovation and Choice Act.” Sounds good, right? Who could be against choice and innovation? Congress, of course. And as Wayne…
Price controls rear their ugly heads
Inflation makes life harder for everyone. It also has a tendency to make some academics a little bit goofy. Consider Prof. Isabella Weber’s op-ed in the Guardian where she says…
The big difference between being pro-market and pro-business
There’s a rhetorical rift building between conservatives and classical liberals over what, if anything, to do about big business. While this debate requires setting aside the populism that’s replaced old-line…
The IRS is very, very bad at protecting your personal data
Giving the IRS more power to extract taxes from a host of people, companies, and assorted financial entities has been a long-held dream of many politicians. In their mind, mountains…
Inflation reaches 40 year high
Data from the Department of Labor shows that inflation reached seven percent in December, the highest reading since 1982 The Labor Department said the consumer-price index—which measures what consumers pay…
The progressive bluff on a resurrected BBB
House Democrats, or at those progressives form the safest of House districts, are intent on reanimating the corpse of Build Back Better. While these would-be Dr. Frankenstein’s know they don’t…