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Media Attempt to Downplay Alarming New Inflation Report
/in Culture Wars, DrRichSwier.com, Economy, Elections, News, Politics /by Foundation for Economic Education (FEE)Despite media spin, price inflation is still very much a problem. It’s no secret that the mainstream media has a left-leaning bias. So it’s not exactly surprising that when alarming new inflation data were released on Tuesday, many journalists and media outlets attempted to downplay the story. After all, rising concerns about inflation could hamper the federal government’s ongoing […]
Bank of Japan Ends its Massive QE that Started When Abenomics Became Economic Religion of Japan
/in Economy, News, Politics /by Wolf RichterOne of the largest central banks ends QE. End of an era for Japan: Large-scale money printing was one of the three official legs of Abenomics. In terms of the absolute mountain of assets the Bank of Japan purchased over the years, it is one of the top three QE monsters, along with the Fed […]
Manchin: Schumer ‘will not have my vote’ on $3.5 trillion reconciliation bill
/in Budget and Finance, Culture Wars, DrRichSwier.com, Economy, Elections, News, Politics, Taxes /by Pamela Gelleraoc wearing the words tax the rich on her dress? simply iconic #MetGala pic.twitter.com/utsxXBXEIl — ilana kaplan (@lanikaps) September 13, 2021 Bernie Sanders and the Democrats seeks to inject socialism into America with this monstrosity of a bill. In addition, it has been discovered that this bill would allow the IRS to monitor bank transactions, potentially violating the 4th […]
The Future of American Cars Is Not All-Electric
/in Economy, Environment, Liberty, Politics /by Hayden LudwigEnvironmental elites like to cast their creeds as unshakeable and their doctrines as inevitable. Take these three: The Earth is only getting hotter, human survival depends upon radical lifestyle changes, and governments are taking action on the climate whether we like it or not. Or this: America will slowly phase out all oil, natural gas, […]
End of Federal Unemployment Raises Questions About Fraud, Joblessness
/in Economy, Liberty, Politics /by Casey HarperFederal unemployment benefits ended over the holiday weekend, raising questions about how the payments’ expiration will affect the job market and whether Congress will renew the benefits. Congress passed the $300 weekly unemployment payments as a remedy to joblessness during the COVID pandemic when government restrictions forced the layoffs of millions of Americans, but critics […]
Arizona Officials React to Biden Vaccination Announcement
/in Economy, Healthcare, Liberty /by Cole LauterbachPresident Joe Biden’s Thursday announcement of broad new COVID-19 vaccination requirements has some Arizona officials cheering and others settling in for a fight. Biden announced a vaccination requirement for employees of any business with more than 100 people, something that’s estimated to be a vaccine requirement for 100 million people. Another estimated 80 million workers […]
World’s Dirtiest Cities List Raises Issue: Why Don’t Politicians Call Out China?
/in Economy, Environment, Liberty, Politics /by David HoltEditors’ Note: We remain skeptical that so-called greenhouse gases are causing the earth’s temperature to rise. Even if so, there are cheaper, less intrusive ways of dealing with the issues emanating from minor changes in temperature than the arrogant schemes of central planners, who can’t even govern our major cities, but yet insist they are […]
Woke Companies Must Wakeup On ESG
/in Economy, Environment, Liberty, Politics /by Paul DriessenGrowing numbers of companies, banks, universities and investment houses are adopting Environmental, Social and Governance (ESG) standards and disclosure rules. They’re pressured to do so by activists, legislators and regulators. Many expect to get rich via taxpayer-subsidized “renewable” energy projects. Nearly all hope to “greenwash” their reputations, by claiming they’ll “make the world a better […]
Sign the Petition – Tell Bank of America to Focus on Finances, Not Race Division
/3 Comments/in Budget and Finance, Culture Wars, DrRichSwier.com, Economy, News, Politics /by 2ndvote .comPLEASE SIGN THE PETITION TO BANK OF AMERICA Bank of America (1.00) used to help you with checking, savings, and loans. The company was dedicated to making your money work for you. Today, that’s all changed. Bank of America has become another arm of the woke agenda, declaring that white people should “decolonize” their minds and “accept […]
New Study Vindicates States that Canceled Expanded Unemployment Welfare Early
/in Culture Wars, DrRichSwier.com, Economy, Healthcare, News, Politics, Taxes /by Foundation for Economic Education (FEE)This new study simply confirms what common sense and basic economics alike always predicted. ebate over the welfare state is once again making headlines. On Monday, the expanded unemployment welfare system was finally allowed to expire after more than a year. Originally created as a “short-term” measure authorized for a few months in March 2020 […]
We Must Free Americans to Work
/in Culture Wars, Economy, Liberty, Politics /by Editorial StaffEstablished as a federal holiday in the late 1800s, Labor Day marks how American workers have contributed to the country’s successes. It is a holiday to celebrate the dignity of workers—but respecting the dignity of workers demands that we respect the choices they make regarding their careers. But too often, government stands in the way […]
Biden Chief of Staff Backs Green Energy Despite His Costly Role in Solyndra Scandal
/in Economy, Environment, Politics /by Fred LucasWhen President Joe Biden signed an executive order early in August calling for half of all new vehicles to be electric by 2030, White House chief of staff Ron Klain predicted success. “In the effort to combat the climate crisis—and create a lot of great jobs in the US doing it—today will be a historic […]
America’s Work Crisis
/in Culture Wars, DrRichSwier.com, Economy, Elections, News, Politics, Waste, Fraud and Abuse /by Jerry NewcombeWith another Labor Day come and gone, it’s fascinating to note that America’s work ethic is in trouble today. And the coronavirus has made it worse. We now have a labor shortage crisis. Columnist Victor Davis Hanson (8/11/21) describes some of the symptoms of our current labor shortages: “Airliners cannot take off due to fuel […]
Wall Street Journal: Even Confiscating Entire Wealth of All US Billionaires Couldn’t Pay for Democratic Spending Plans
/in Economy, Politics /by Brad PalumboThere’s just one problem with Bernie Sanders’ narrative: it’s impossible. From Iowa to Indiana, Senator Bernie Sanders is hitting the road. The Vermont socialist has a simple mission: reach out to rural America and make the case for the $4.5+ trillion government spending plans his allies are trying to push through Congress. The massive spending […]
Some Progressives Are Flirting With a $24 to $26 Hourly Minimum Wage
/in Culture Wars, DrRichSwier.com, Economy, Elections, News, Politics, Regulation /by Foundation for Economic Education (FEE)But as economist Thomas Sowell famously explained, “the real minimum wage is always zero.” The #Fightfor15 is old news, apparently. Some progressive activists and academics are now arguing that the minimum wage should be closer to $26 an hour, claiming that this is the level it would’ve reached if wages had kept up with productivity in recent […]
Black Americans Left Behind Under Biden
/in Culture Wars, DrRichSwier.com, Economy, Elections, Politics /by Save America FoundationUnder President Trumps 4 year term, he concentrated on jobs. Heck -he concentrated on making everything in and about America Great Again. Jobs for all Americans, regardless of color, creed, religion or sexual orientation. He created a job market that ensured if you wanted a job there was at least one for you – in […]
The Rise of Economic Fascism in America
/in Economy, Liberty /by Thomas J. DiLorenzoEditors’ Note: This article was originally published in 1994 and rings even truer today. Instead of corporations bribing the government into corruption, today government bribes corporations into corruption. It is not a new idea. When people hear the word “fascism” they naturally think of its ugly racism and anti-Semitism as practiced by the totalitarian regimes […]
TRUMP PEACE: After one year Abraham Accords has brought booming trade between Israel and Arab neighbors
/10 Comments/in Culture Wars, DrRichSwier.com, Economy, Elections, News, Politics /by Pamela GellerFor decades Israel was completely isolated in the Middle East. No longer. President Trump’s miraculous Abraham Accords has brought booming trade between Israel and her Arab neighbors. And it’s only the beginning. President Trump should be recognized as a hero to the Jewish people. Trump’s Middle East peace is one of the greatest historical achievements […]
Lessons from the Financial Instability Hypothesis
/in Economy /by Robert MulliganHyman P. Minsky (1919-1996) sought to formalize Keynes’s view of the animal spirits of the market through his Financial Instability Hypothesis (FIH), which classifies business enterprises by debt level. Well-run firms only borrow when they expect operating revenue to cover the full cost of borrowing, including both interest and repayment of the principal. Minsky called […]
California Wildfire Devastation Was Entirely Preventable Through Proper Land Management
/in Economy, Environment, Politics /by Tristan JusticeThe apocalyptic wildfires wreaking havoc across California on an annual basis are entirely preventable. President Joe Biden declared the Caldor Fire threatening communities at Lake Tahoe, California an emergency Wednesday night to dispatch federal resources to the relief effort. That blaze, only 25 percent contained as of this writing, has already burned more than 200,000 […]
New Big Spending When We Can’t Afford It
/in Culture Wars, Economy, Liberty, Politics /by Neland NobelOne of the major issues of the day is the complete lack of fiscal responsibility. This is unfortunately a bipartisan failure because when Republicans were in power, they did little to shore up the finances of the country. Republicans talked a good game of entitlement reform, but always turned back from what some call “the third […]
The Monstrous Flow of Free Money and the Shortages
/in Economy /by Wolf RichterFree money destroyed the pricing mechanism, and demand has soared despite much higher prices. The shortages are not at Costco or Safeway, though they too might run out of a few weird items here and there. But other retailers are complaining about them, including apparel retailers and shoe retailers – yup, it took five weeks […]
The Federal Reserve Is the Monetary Equivalent of the Kabul Airport
/in Economy, Liberty, Politics /by David P. GoldmanSpeaking to the virtual Jackson Hole conference of the Federal Reserve System, Fed Chair Jerome Powell says that inflation will go away soon. He sees “…upward inflation pressure dissipating and, in some cases, reversing …. As supply problems have begun to resolve, inflation in durable goods other than autos has now slowed and may be […]
Stakeholders v. Stockholders
/in Culture Wars, Economy, Liberty /by Robert E. WrightThe notion that stakeholders and stockholders battle for control of major business corporations is an oversimplification of a much more complex reality involving managers, regulators, investors, and social justice warriors (SJW), many of whom seem to have forgotten the reasons that corporations formed in the first place. All the major players need level-headed thinking on […]
Unemployment Fraud Scrutinized Ahead Of Debate Over Renewing Federal Benefits
/in Culture Wars, Economy, Politics /by Casey HarperRepublicans in the U.S. House and Senate are demanding a federal investigation into unemployment benefits money lost to fraudsters, calling it the “greatest theft of American tax dollars in our nation’s history.” The members sent a letter to the Government Accountability Office, asking the federal oversight group to investigate the fraud and arguing structural issues […]
H&M Refuses to Play by China’s Rules, and More Companies Should Follow Suit
/in DrRichSwier.com, Economy, News, Politics /by 2ndvote .comAmerican corporations are walking a thin, and thinning, tightrope when it comes to Communist China. On one hand, companies want customers at home to see them as “values-based organizations.” Thus, they issue “woke” press releases accompanied by massive donations to organizations that are often fundamentally opposed to American ideals like freedom and equality. But many companies are […]
Florida To Start Issuing $5000 Fines To Businesses Requiring Proof Of Vaccination
/in Culture Wars, DrRichSwier.com, Economy, Elections, Healthcare, News, Politics /by The Daily CallerThe Florida Department of Health will start fining businesses $5,000 for violating the state’s ban on vaccine passports. The state agency’s rule, “Penalties for COVID-19 Vaccine Documentation Requirements,” says it will impose the fine on “any business entity, governmental entity, or educational institution.” The $5,000 fine will apply “per individual and separate violation” and must be […]
Politics of College Loan Relief are Baffling
/in Culture Wars, Economy, Education, Politics /by Bruce BialoskyFor someone like myself who has been involved with and analyzed the political arena, one can almost always conclude as to why an elected official has taken a political position. Most of the time it is to serve their perceived constituency for the purpose of maintaining the elected official’s lifespan in office. Supporting college loan […]
Environmentalism as Religion: Unpacking the Congregation
/in Economy, Environment, Liberty /by Ryan YonkDramatic headlines and images showing a deteriorating environment exist to demand swift, decisive, and large-scale action. We saw this approach in the 1960s when the first made-for-TV environmental crises showed oil-drenched seabirds on the California Coast and more recently in depressing videos depicting starving polar bears. Dramatic imagery has become the norm when discussing environmental […]
Arizona Businesses Warn PRO Act Would Erase State’s Economic Edge
/in Economy, Liberty, Politics /by Cole LauterbachArizona’s business leaders say labor legislation awaiting consideration in the U.S. Senate would cause a seismic shift in labor-employer relations, nullifying many aspects of state law employers look for when considering relocation. Associated General Contractors Arizona chapter President David Martin praised Arizona Democratic U.S. Sens. Kyrsten Sinema and Mark Kelly for their “pragmatic approach” on […]