Average National Gas Price Hits New Record High
The new record has been set just two months after the last bleak milestone. Despite the Biden administration’s multiple moves to get gas prices under control, including draining the country’s strategic…
Politicians’ answer to high gas prices: send voters checks
High gasoline prices have a tendency to make politicians worried about their re-election chances do the darndest things. Consider the wave of pols who think the best way to help…
Blaming all the wrong things for inflation’s rise
The Biden administration’s search for an inflation scapegoat has taken a number of turns as the data have continued to worsen. The most recent inflationary cause: Vladimir Putin, who is…
Inflation could become a long-term problem
Even as the Federal Reserve begins its long overdue effort to raise interests rates and attempt to get inflation under control, one former central banker, Charles Goodhart, says the inflation…
End the ethanol boondoggle
Soon after Putin launched his invasion of Ukraine, global commodity prices for staples like wheat and sunflower oil (both major Ukrainian exports) began to rise and the possibility of global…
America’s Strategic Petroleum Reserve has become a political piggybank
There have bene a number of references to the nation’s Strategic Petroleum Reserve (SPR) in recent weeks. The most recent was Joe Biden’s declaration that 30 million barrels of SPR…
Biden DoJ and FBI go hunting for inflation criminals
The depth of the panic inside the Biden White House over rising prices continues to manifest itself in new and disturbing ways. The most recent? The Department of Justice and…
Cleaning up the tax code to foster prosperity
One item not on the Biden administration’s economic agenda is tax reform. That’s no surprise, considering Team Biden’s default position has been to raise taxes, a lot, without a thought…
Real wages, inflation, and congressional mid-terms
There’s one clear thing we know about inflation and the Biden administration: they are worried about it. Not just because inflation undermines paychecks and savings. It has a nasty tendency…
The other casualty of war: wheat
While rapidly rising gasoline prices have –rightly – gotten a lot of attention, the other global commodity that’s quickly becoming a casualty of Russia’s invasion of Ukraine is wheat. As…