ISSUES & HOT TOPICS

ECONOMY

And the Number #1 Housing Market in America Is …

The average population of the top 20 metros on the WSJ/Realtor.com Housing Market Index is just 300,000. That’s not the whole story, however. For the first time in more than a decade, my wife and I are looking at moving. So it piqued my interest when I stumbled upon a Wall Street Journal article examining […]

Home Sellers Are Coming Out of the Woodwork: New Listings, Unsold Inventories & Supply Rise

Sales edge up, after sagging for months, amid Crazy Spiking Prices Inventories of existing single-family houses, condos, and co-ops rose for the fourth month in a row. Sellers are coming out of the woodwork, and new listings have been rising for months, this being a perfect time to sell a home. Sales ticked up a […]

Lawsuit Against Flagstaff Says New Housing Plan Violates Property Rights

The Goldwater Institute has filed more than $23 million in claims against the Arizona city of Flagstaff on behalf of more than 50 property owners in defense of their property rights, which it holds were violated by the new High Occupancy House Plan. Flagstaff, home of Northern Arizona University, had a total of 29,569 students […]

Cuba Demoted to “Not Real Socialism”

If the Socialist Party of Great Britain is an authority on such things, it is official: in light of recent anti-communist protests and civil unrest, Cuba has been demoted to “Not Real Socialism” and reclassified, along with the USSR and other failed socialist experiments, as “actually state capitalism.” La Revolucion, it appears, is moving into […]

How the Government Used the Pandemic to Crush Small Businesses—and Why: An Interview With Carol Roth

Author Carol Roth discusses the winners and losers in the 2020 pandemic lockdowns and how the American Dream can be saved in a wide-ranging interview with FEE.   This week FEE sat down with Carol Roth, an American entrepreneur, TV personality, radio host, investor, and bestselling author. Roth’s latest book, The War on Small Business: […]

Arizona Corporation Commission Won’t Give Up on Its Green New Deal Dream

Some ideas need to be put to sleep. Maybe someone should tell that to the Arizona Corporation Commission. About a year ago, the commission quietly released its plan to impose California-style energy mandates in our state. While following in California’s footsteps for just about anything seems like a bad idea, that certainly rings true when […]

The Fed Says It Stabilizes the Economy. I’m Skeptical.

Before, during, and after the 2007–09 financial crisis, the masthead of the Federal Reserve Board’s main webpage included the following assertion right below its name at the top of the page: The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible and stable monetary and financial system. This […]

A Question of the Day From Just Facts Daily

The following question was recently posed in Just Facts Daily. The question stimulated The Prickly Pear Editors’ comments follow the explanation of the answer.   What portion of unauthorized immigrants in the U.S. have false identity documents that might allow them to illegally work, vote, and receive welfare? Is it 10%, 25%, 50%? And your […]

These 9 States Are Cutting Income Taxes to Boost Their Recovery

Forget “stimulus” spending, these states are showing us a way local governments can actually boost their economies.   Finally, some good news. In nine states and counting, residents will owe less on their next state income tax bill as local officials seek to stimulate the economic recovery by lowering taxes. Arizona is the latest state […]

While the Fed Fiddles, the Dollar Burns: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982

Defying economists’ expectations for sixth month in a row, inflation heats up instead of easing off. And it’s a lot worse than it seems. The Consumer Price Index jumped 0.9% in June from May, after having jumped 0.6% in May, and 0.8% in April – all of them the steepest month-to-month jumps since 2009, according […]

Treasury Secretary Warns Of ‘Rapid’ Inflation This Year

Editor’s Note:  Somehow the word irony seems insufficient. Both as FED Chairman and Treasury Secretary Janet Yellen went along with a spendthrift Congress and President, and had the Federal Reserve purchase huge quantities of new treasury debt, making it easier for politicians to spend money we don’t have.  In doing so, she expanded bank reserves […]

Why Congress Should Demand An Audit Of Biden’s Taxes

The right should pose one simple request to the Biden administration: You want to audit other ‘rich’ people? Why not audit yourself first, Mr. President? A bipartisan Senate working group has proposed paying for new infrastructure spending in part by providing $40 billion to the Internal Revenue Service. But before Congress even considers the legislation, […]

As GM Went, So Went the Nation

The forces that almost brought General Motors to its knees are even more powerful and ferocious today. Water buffaloes in Africa can be driven to madness and to their knees by swarms of flies. The flies came to mind as a perfect metaphor when reading “The Sack of Detroit,” the fascinating and balanced book authored […]

Colleges Are Losing Their Chokehold on America

There is a fable that has been created in our society over the last 50 years. That fable is you will not succeed in America unless you have a college degree. It is so much so that students (and their families) have driven themselves into $1.4 trillion of debt. The Democrats want to make college […]

At Least 1.8 Million People Refused to Return to Work Because of Generous Welfare Benefits, Poll Shows

The real number is probably even larger. Here are FEE, we predicted from the beginning of the pandemic that Congress’s decision to create an unemployment benefits system paying most individuals more on welfare than they earned by working would backfire. We weren’t the only ones. The nonpartisan Congressional Budget Office similarly cautioned that this move would cause unemployment and […]

BIDEN’S INFLATION NATION: Inflation Rate Jumps, Highest Since 2008, Prices Up 5.4% in June

Ouch! The Biden Administration’s out-of-control tax-and-spend policies are driving up inflation to levels that we have not seen since the Great Recession of 2008. Watch your wallet, America. Making every dollar you earn and you spend worth measurably less. Never would have happened under Trump. Biden has turned his back on American workers. So far he: […]

Identifying The “Root Causes” of The Migrant Crisis On The Southern Border: Conclusion

This series of articles began with a number – 891,213 encounters with undocumented aliens reported by the Border Patrol on the southern U.S. border during the first nine months of this fiscal year.  That number was followed by a statement by Vice President Harris that she would focus her attention on determining the “root causes” […]

The Adverse Economic Consequences of “Basic Income”

When I first looked at the issue of “basic income,” back in 2013, my gut reaction was deep skepticism. That’s because I feared many people would drop out of the labor force if they could live off government handouts (as illustrated by this Wizard-of-Id parody). It’s true that the current amalgamation of welfare programs also […]

What Is Good For The Climate Geese Is NOT Good For The Ganders

The billionaires prolificating “green” for the world, such as Mike Bloomberg, Tom Steyer, Bill Gates, Elon Musk, Al Gore, Leonardo DiCaprio, and others are the same individuals amassing huge carbon footprints for their numerous private jets, houses, boats, and cars. For Bloomberg alone, a Business Insider analysis found that Bloomberg’s emissions-heavy private jets took more […]

“Bad Time to Buy a Home” & “Good Time to Sell a Home” Sentiments Spike to WTF Record

If these sentiments become reality over time, it’s going to be a sea change for demand and supply at these crazy prices. So just briefly: This explains some of the dynamics we have seen in the housing market recently, with mortgage applications, sales of existing homes, and sales of new single-family houses dropping for months […]

NATIONAL BANKRUPTCY: Federal, State and Local Government Spending Analyzed

Stephen Moore is the senior economic contributor for FreedomWorks. He communicates FreedomWorks’ vision for a pro-growth economic agenda to grassroots activists and media nationwide, as well as conducting original economic analysis. Stephen previously served as president of the Club for Growth, chief economist of the Heritage Foundation, and as a member of the Wall Street […]

How We Can Fix Our “Made in China” Problem

Many years ago when Woody Allen was still kosher, he wrote a joke about his brother-in-law who thought he was a chicken. Cutting to the punch line, Allen confessed that the family didn’t want to take the fowl-minded brother-in-law for treatment because “we need the eggs.” Consider the tale an apt parable of America’s China […]

Report: The United States Is At The End Of Its Government Overspending Rope

Three days before the Independence Day holiday, the Congressional Budget Office issued a report showing our country’s financial dependence. The report, an update to the CBO’s publication analyzing the federal budget and economic outlook, highlighted the effects of rampant congressional spending—both now and for years to come. Last Thursday’s document didn’t go into full detail […]

$100,000 Gone with the Wind

Some people have money “to burn.” Others seem to have enough to throw into the ocean or down the toilet. Such was the case the other day with a 24-year-old rapper, Kodak Black, who was videoed throwing hundred-dollar bills off of a boat into the ocean. Many wonder, “Now, where exactly was that boat?” According […]

Identifying the “Root Causes” of the Immigration Crisis on the Southern Border: Part II

This is the second in a series of articles exploring the “root causes” of the migrant crisis on the southern U.S. border, focusing on the four largest identified sending countries – Mexico, Honduras, Guatemala, and El Salvador.   From the beginning of the current fiscal year on October 1, 2020, through June 3, 2021, Border […]

Target and Walgreens Are Making Drastic Changes Amid Skyrocketing Shoplifting in San Francisco

San Francisco ranks as the fifth-worst city in the US when it comes to retail theft. Now, the problem is getting so bad that businesses like Target and Walgreens are being forced to make drastic changes in response. “For more than a month, we’ve been experiencing a significant and alarming rise in theft and security incidents at […]

The Federal Reserve is Embracing Left-Wing Policies—Here’s Why You Shouldn’t Be Surprised

The Fed’s mission creep, though troubling, is neither new nor surprising. The Federal Reserve System has come under fire in the last few months for extending itself into areas outside its Congressional “dual mandate” of stabilizing prices and maximizing employment. There are two areas where the Fed is being accused of overreaching. The first area […]

Biden’s Budget Busting Blowout

The Biden/Harris administration is ignoring established budget tradition in their determination to spend yet more money. Since the Reagan era, each federal budget has included a list of achievable spending cuts. The final Obama/Biden budget boasted of their averaging 140 cuts, saving $22 billion, yearly. Then-VP Biden headed up these cost cutting efforts as he […]

Ohio GOP Attorney General WINS Lawsuit Against “Biden Relief” Bill UNCONSTITUTIONALLY Bars Tax Cuts

Democrat communist fiat averted. Obscene legal plunder impeded …. for the moment. Ohio GOP attorney general prevails in lawsuit alleging Biden relief bill unconstitutionally bars tax cuts By: Zachary Halaschak | Washington Examiner | July 02, 2021: A federal judge has ruled that a provision in President Joe Biden’s COVID-19 relief bill limiting state tax cuts is unconstitutional, […]

States Ending Ultra-Generous Welfare Are Doing Better in One Big Way, New Data Show

We’ve got a new contender in the competition for the least surprising news development of all time. As it turns out, if you pay people more to stay on unemployment welfare than they can earn working, and then scale back the benefits, more people will go back to work. Shocking! Some have denied and pushed […]