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Energy Shortage and Mineral Dependence
/in Economy, Environment, Featured, Liberty, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Neland Nobel Editors’ Note: Although the November 8th election here in Arizona will be focused on economic issues and our southern border invasion, the Inflation Reduction Act should be a central issue for the Senate race between Blake Masters (R) and incumbent Mark Kelly (D). Similarly, incumbent Kyrsten Sinema (D) will attempt to remain in […]
“Housing Recession”: Sales Plunge to Lockdown Levels, Active Listings Surge, Prices Begin to Dip as Price Reductions Spike, Investors Pull Back
/in Economy, Featured, ThePricklyPear.org /by ThePricklyPear.orgBy Wolf Richter Buyers moseyed away from sky-high prices but are still there, just a lot lower, while many sellers hang on to illusions. Inventory and supply of previously-owned homes of all types – single-family houses, condos, co-ops, and townhouses – surged, and sales plunged, amid sky-high prices that have been made impossible by 5%-plus […]
All Signs Point to a Housing Recession
/in Economy, Featured, ThePricklyPear.org /by ThePricklyPear.orgBy Wolf Richter Sales Plunge to Lockdown Levels, Active Listings Surge, Prices Begin to Dip as Price Reductions Spike, Investors Pull Back Buyers moseyed away from sky-high prices but are still there, just a lot lower, while many sellers hang on to illusions. Inventory and supply of previously-owned homes of all types – single-family houses, […]
Time to Deal With Politicians Who Keep Bringing Us Massive Needless Spending Bills.
/in Economy, Environment, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Thomas C. Patterson Editors’ Note: Thomas Patterson’s excellent review of the deceptive and punishing Inflation Reduction Act ends with a statement about Senator Mark Kelly of Arizona. He is accurately labeled as the 51st vote for the Inflation Reduction Act causing incalculable damage to Americans’ economic well-being and liberty and should be a major focus of […]
The Cause of America’s Class Divide
/in Economy, Education, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Craig J. Cantoni A book explains why the nation has split along class lines more than racial and ethnic lines. In today’s polarized America, a surefire way of being characterized as a member of the wrong political camp is to favorably quote an author, commentator, or academic who is seen as being in the […]
Democrats Passed $7,500 Electric Vehicle Tax Credit, Then EV Prices Were Immediately Raised $7,500
/in DrRichSwier.com, Economy, Politics, Regulation, Taxes /by DrRichSwier.comBy The Geller Report Their contempt for you knows no bounds. By: Sara Carter Staff, August 17, 2022: A recent scenario at the Ford Motor Company is the perfect way to explain what Democrats are doing to this country when they pass bills for our “benefit.” On August 9, Senate Democrats passed a bill they praised, […]
About That “0 Percent” Inflation in July
/in Economy, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Peter C. Earle On Wednesday, August 10th, the Bureau of Labor Statistics released the July 2022 Consumer Price Index data showing a year-over-year change of 8.5 percent. That’s down from June’s 9.1 percent year-over-year number, but still at 40-year highs. The Biden administration, predictably, chose to seize upon the 0.0 percent month-over-month change between […]
Fifth Largest Life Insurance Company Reports a ‘Catastrophic’ 40% Increase in Deaths in 2021
/in DrRichSwier.com, Economy, Elections, Healthcare, Politics, Science /by DrRichSwier.comBy The Geller Report Deaths are up 40% among working people. ‘Just unheard of’ the company cites “non-pandemic-related morbidity” and “unusual claims adjustments.” In other words, the vaccine. Lincoln National Life Insurance Company’s Employer-provided Group Life Insurance policies for employees ages 18 through 64 paid out $500 M in death benefits in 2019, the year before the […]
Economics Can Help You Understand Why Warner Bros. Sunk $90 Million Batgirl Movie
/in DrRichSwier.com, Economy, Politics /by DrRichSwier.comBy Foundation for Economic Education (FEE) Many questioning the decision are victims of the sunk cost fallacy. Warner Bros. Discovery (WBD) recently made headlines when they canceled the release of their upcoming Batgirl movie, starring Michael Keaton, J.K. Simmons, and Leslie Grace in the title role. Movies get canceled all the time, but what shocked many was […]
Cash-Strapped Britons Give Up Pets as Living Costs Soar
/in DrRichSwier.com, Economy, Elections, Politics, Science /by DrRichSwier.comBy Vlad Tepes Blog The following is a guest post by contributor, Xanthippa Socrates, who’s family escaped from behind the Iron Curtain from what was then, Czechoslovakia. Cash-strapped Britons give up pets as living costs soar LONDON, Aug 14 (Reuters) – Stood on her hind legs to greet any prospective owner who might approach her […]
With 87,000 New Agents on Way, 4 Facts About IRS Gun Arsenal
/in Economy, Featured, Gun Rights, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Fred Lucas Some of the 87,000 new agents whom Democrats propose to hire at the Internal Revenue Service could come with some extra firepower. On Friday, House Democrats gave final passage to the tax and spending bill they dubbed the Inflation Reduction Act, which, among other things, would double the size of the IRS with 87,000 new […]
A ‘Made in America’ iPhone Would Cost $2,000, Studies Show
/in DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy Foundation for Economic Education (FEE) Would you be willing to pay $2000 for a phone that costs only half that much today? How much would an all-American iPhone cost? About $2,000 according to two reports, one recent and one from 2014. From Jefferson Graham writing in USA Today a few days ago: Would you willingly spend $2,000 to […]
The 5 Cities With the Highest Inflation in America
/in DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy Foundation for Economic Education (FEE) In each of these cities, inflation is higher than 10 percent. My wife and I recently were out for our morning walk and she commented on how weird inflation is. Some prices are sky high, she observed, while others have barely budged. A carton of eggs is up 33 percent over the […]
The World’s Most Hackable Showerhead Revealed
/in DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy Foundation for Economic Education (FEE) What are we, medieval peasants? Of course we will hack our showerheads. Showerheads used to be easy to hack. And never doubt the need to do so. What do we want out of a shower? We want fantastic amounts of water pouring down on our heads, ideally like the […]
Rents for One-Bedroom Apartments in Manhattan Hit a Record High of $5,100 in July. Here’s Why
/in DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy Foundation for Economic Education (FEE) Think your rent is too damn high? Well, taking a look at the latest figures out of Manhattan might make you feel better by comparison. In July, the average rent for a one-bedroom in Manhattan rose to $5,113, CBS News reports. That’s an astounding $1,000 more than a year ago […]
The “Inflation Reduction Act” Will Do Almost Nothing That Joe Manchin Says It Will
/in Economy, Environment, Featured, Liberty, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy James D. Agresti Editors Note: The following is an excellent analysis of this atrocious piece of legislation. While the “devil is in the details”, we cannot forget that our own Senator, Krysten Sinema, and Joe Manchin are the two people that previously held the line against Build Back Better, only to cave on a […]
Where Did $800 Billion Go?
/in Economy, Featured, Healthcare, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Bruce Bialosky Our various governments allocate money. Then the money goes into a black hole. Readers of this column know I tried to find out where Los Angeles City spent $1 billion on homelessness in a recent year and hit a brick wall. As you know our federal government has allocated amounts in the […]
Why You Shouldn’t Need a Doctor’s Permission to Get Prescription Drugs
/in DrRichSwier.com, Economy, Healthcare, Politics, Regulation, Science /by DrRichSwier.comBy Foundation for Economic Education (FEE) Imagine if this system were to be extrapolated to other fields. The present system for pharmaceutical drugs requires a doctor’s prescription as a precondition for their sale to members of the public. At first glance this seems like a reasonable plan. After all, most people simply lack the necessary […]
Did Lockdowns Turn Americans Into Lazy Bums?
/in Economy, Featured, Life Advocacy, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Jeffrey Tucker It looks as if we can add another line to the long list of lockdown harms. Sloth. This explains so much actually. For months, we’ve been watching working/population ratios and labor participation rates and have been stunned by how they both continue to plummet. We search for explanations. Early retirement. Women driven […]
Housing Bubble Getting Ready to Pop: The Big Boys Leave, Waiting for Reset
/in Economy, Featured, ThePricklyPear.org /by ThePricklyPear.orgBy Wolf Richter Biggest investors in single-family houses: “We need to be patient and allow the market to reset.” We’re now getting all kinds of commentary from housing industry insiders and big institutional investors in single-family houses. They’re talking about this during their earnings calls. American Homes 4 Rent is one of them. The company […]
Gulliver’s Travels in Washington, D.C.
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Caroline Breashears Someone should tell Washington’s elite that Gulliver’s Travels is a satire, not a handbook. Yes, in Part III of Jonathan Swift’s tale, Laputa sounds a lot like Washington, D.C. It also sounds a lot like the Spanish word for “whore,” about which the late P. J. O’Rourke is surely laughing from Heaven. […]
Croatians Excluded from Diversity, Equity and Inclusion
/in Economy, Education, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Craig J. Cantoni Their exclusion reveals DEI’s double standards, stereotypes, discrimination, and sophistry. Hamza Kopanja, a 32-year-old Croatian-American, is excluded from diversity, equity, and inclusion initiatives, although by any definition of “minority” and “disadvantaged,” he fits the bill.* He can’t complain about the exclusion, however, because it would be seen in some quarters as […]
How the Foreclosure Rate in Arizona Compares to the Nation
/in Economy, ThePricklyPear.org /by ThePricklyPear.orgBy Samuel Stebbins Demand for single-family homes surged in the past two years, as the coronavirus pandemic prompted people to look for more living space. The increased demand, facilitated by low-interest rates and coupled with supply constraints, led to soaring home prices. (These are 15 cities with the most overpriced housing markets.) But now the […]
Democrats’ Green Energy ‘Transition’ Costs You Way More And Gives You Way Less
/in Economy, Environment, Featured, Liberty, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Chuck Devore The Inflation Reduction Act raises taxes on the middle class and will sabotage the country’s power grid by making green energy unavoidable. Democrats and their leftist allies are celebrating the U.S. Senate’s passage of the misnamed “Inflation Reduction Act.” Subject to a vote out of the Rules Committee mid-week, it’s expected that […]
“Inflation Reduction Act” Is “Economic Malpractice”
/in Economy, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy David Kelly On Sunday afternoon, it took all 50 Democratic senators, along with Vice President Kamala Harris, to pass their deceptively named Inflation Reduction Act (H.R. 5376) by a 51–50 vote, sending it to the House. The bill at one time was thought to have been “dead in the water,” but gained life with the support […]
Japan’s Government Looted the Future—and Its Children Are Paying the Price
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Hiroshi Yoshida Japan’s fiscal mismanagement and massive national debt violate the principles of democratic fiscal responsibility. Editor’s Note: The years from 1991 to 2001 are known as “The Lost Decade” in Japan. After years of rapid growth in the 1980s, the Japanese economy fell into a prolonged slump marked by persistent, high unemployment, low […]
Economic Justice Agenda Created with La Raza Group’s Help Gets $113 Mil from HUD
/in DrRichSwier.com, Economy, Elections, Politics, Taxes /by DrRichSwier.comBy Judicial Watch An Economic Justice Agenda designed with the help of a leftist La Raza group is getting $113 million from the Biden administration to bridge the racial wealth gap by helping low-income renters achieve homeownership. The taxpayer dollars will flow through the Department of Housing and Urban Development (HUD), which is committed to […]
Increasing Inflation to Fight Inflation?
/in DrRichSwier.com, Economy, Elections, Politics, Taxes /by DrRichSwier.comBy Jerry Newcombe My wife just came back from a routine grocery store run. She said, “These people are destroying the country.” She wasn’t talking about the store—she was talking about our elite political class that are spending our country into high inflation. And now they are poised to spend even more. They have just […]
An Open Letter to Senator Sinema
/in Economy, Environment, Featured, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Mark T. Cicero Words cannot express my disappointment in your vote on the completely mis-labeled Inflation Reduction Act that was recently voted on. The nation’s inflation rate has never been effectively reduced by spending another pile of tax-payer money that has yet to be collected. In the words of Milton Friedman: “Inflation is always and […]
A Little Reality About the New Spending Bill
/in Economy, Environment, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Bruce Bialosky The Democrats are masters of misnaming the intended purpose of bills they offer up to disguise what is really happening. It is indicative of how gullible they believe we are. The Inflation Reduction Act of 2022 will do nothing to reduce inflation. The main reason is that revenues will not be achieved […]