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Inflation can be considered a tax, an especially regressive one, falling harder on those with lower income and/or assets. As we’ve noted previously, the Federal Reserve’s “M2” monetary aggregate began growing significantly faster than the “GDP” measure of economic output in the United States beginning around 2008, amidst the 2007-2009 financial and economic crisis. With […]

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 […]

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 […]

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 […]

Economic and civil liberties should not be seen as two ideals to be weighed separately but as one set of inalienable rights that are inherent to our humanity. What is economic prosperity worth if you can’t speak your mind? What value is there to having civil protections if everything else in your life is regulated […]