Yes, inflation is way up this year. Now that the Chinese economy is teetering and the U.S. is pulling back from globalization, a re-set must occur. Consumer prices jumped 6.8% in November, the single-highest leap we’ve seen since June 1982. That jump has contributed to the Fed’s decision to taper its pandemic-related efforts and expected…

Update (Dec. 21, 2021): Two days after Senator Joe Manchin (D-WV) said he couldn’t vote for the Build Back Better Act, President Joe Biden made his first public comments on the matter Tuesday. President Biden joked that he holds no grudges against Sen. Manchin, and that the two “are going to get something done.” “I want…

We’re struggling with the highest inflation numbers we’ve seen in decades. The thing is, inflation is like a boulder rolling downhill; once it starts moving, it’s almost impossible to stop. But the not-so-distant past may offer a solution. I’m talking about the theory of supply-side economics. It helped former President Ronald Reagan get us out…

Federal Reserve Chair Jerome Powell announced Wednesday the Fed will speed up the tapering of it pandemic-era support. The move came in response to rising inflation and falling unemployment. “In light of inflation developments and the further improvement in the labor market, the committee decided to reduce the monthly pace of its net asset purchases…

Before you wish away the current inflation situation, you may want to understand how it’s going to end. In fact, the Biden administration all but predicts it in its report about the parallels between today’s inflation and a similar episode after World War II. Back then, the U.S. faced supply and demand issues akin to…

Inflation is a reality. We are all experiencing it at the grocery store, the gas pump, and just about everywhere else. But is it President Biden’s fault? Republicans think so, but let’s get one thing straight here: Joe Biden is not to blame for rising prices, especially at the pump. Presidents don’t have much power…

There is understandable concern over the soaring inflation rate, which has risen an alarming 6.2% in the last year. A number of factors contribute to the increase. I already pointed out plummeting consumer confidence as one reason. A labor market with millions of Americans quitting their jobs is another. Now we have consumer prices jumping .9% in…

Inflation continues to set records, with the Labor Department reporting Friday that consumer prices increased 6.8% in November compared to the same time last year. That’s the highest annual inflation rate since a 7.1% surge for the year ending in June 1982. According to the department, consumer prices rose 0.8% from October to November. While…

Update (Jan. 19, 2022): New York Attorney General Letitia James announced late Tuesday she has filed a motion to compel testimony from former President Donald Trump, as well his children Ivanka and Donald Jr. She also wants documents from former President Trump. “Since moving to compel the testimony of Eric Trump in August 2020, the Office…

According to The Conference Board’s November Salary Increase Budget Survey published Tuesday, American workers are expected to see a wage bump of about 3.9% in 2022. Not only is that figure up from the 3% number reported in April, but it’s also the highest year-to-year wage bump since 2008. The estimated wage bump for American…