Estimated Reading Time: 3 minutes
Companies haven’t jacked up prices to even fully match the increase in their costs, let alone exceed them. Another day, another disturbing price inflation metric. The federal government just released the latest Producer Price Index (PPI), an index that tracks the prices of a basket of the typical inputs businesses rely on, like energy, warehousing, […]
Estimated Reading Time: 2 minutes
There goes $433 a month from your family’s budget… Another day, another alarming inflation metric. We just got the numbers for the Personal Consumption Expenditures index (PCE), the Federal Reserve’s favored inflation metric, and they’re jaw-dropping. The PCE hit a 40-year high in February, with the measured prices rising 6.4% year-over-year. What does this […]
Estimated Reading Time: 3 minutes
Basically, nobody would support funding these things if they were put to a vote on their own. In a sad commentary on the state of America’s priorities, the $1.5+ trillion spending legislation passed by Congress last week barely made headlines. Little attention was paid to the 2,700-page spending bill or the fact that it was released […]
Estimated Reading Time: 2 minutes
But the costs of these draconian measures weren’t minimal at all. We’re into year three of the COVID-19 pandemic. From mask mandates to vaccine passports, government restrictions on our liberties remain in place. But, thankfully, at least in the US, the era of lockdown orders confining Americans’ to their homes to “slow the spread” is […]
Estimated Reading Time: 2 minutes
If government officials want to raise our taxes, they should, at the very least, have to vote on it and be held accountable. Inflation is often described as a “hidden tax,” because it is driven by policy decisions and erodes citizens’ real purchasing power. But in 22 states, the high consumer price inflation observed over […]
Estimated Reading Time: 3 minutes
Every day Americans will ultimately pay the price for the federal government’s recklessness. The national debt is rapidly closing in on $29 trillion. The federal government now owes an astounding $228,999 per taxpayer. All the while, politicians in Washington, DC are bickering over whether to spend $4.5 trillion more or “just” $1.5 trillion. Yet almost entirely […]
Estimated Reading Time: 2 minutes
It’s the biggest annual surge recorded since January 1991—roughly three decades ago. Left-leaning media coverage has in recent weeks pushed the narrative that inflation is fading. But shocking new inflation numbers released today blow that media spin to smithereens. The Labor Department just released the latest Personal Consumption Expenditures index (PCE), which is the […]
Estimated Reading Time: 3 minutes
There’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 […]
Estimated Reading Time: 4 minutes
It has always been antithetical to the spirit of the Constitution to require a license to own a firearm As of September 1, you no longer have to pay the government to carry a gun in Texas. Most people think of Texas as the Wild West and may be surprised this was ever the case […]
Estimated Reading Time: 3 minutes
From trillions in COVID-19 spending to a $1+ trillion “infrastructure” bill, the federal government has spent so much taxpayer money over the last year-and-a-half that it beggars belief. You’d think the folks in Washington, DC would have run out of ways to waste our money by now. (How can anyone be this creative?) But Senate […]
Estimated Reading Time: 3 minutes
Here’s why the plan would create zero jobs, on net. The bipartisan infrastructure legislation moving through Congress could end up on President Biden’s desk before we know it. The $1 trillion bill has reportedly cleared major hurdles in the Senate and will soon land before the House of Representatives. The president would almost certainly sign […]
Estimated Reading Time: 14 minutes
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: […]
Estimated Reading Time: 3 minutes
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 […]
Estimated Reading Time: 2 minutes
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 […]
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Bureaucrats huddled in some office somewhere failed to foresee the costs of their actions. The pandemic has undoubtedly hastened the shift to remote work. Many workers and companies have now embraced remote work in previously office-based positions, and this is continuing even as the economy reopens and new jobs are posted. Many new remote positions […]
Estimated Reading Time: 2 minutes
The report sheds light on the causes of our current economic purgatory. The US economy is in a perplexing state of labor market purgatory. We have 9.3 million unfilled job openings, all while millions of Americans remain on unemployment benefits and millions more are opting out of the labor force entirely. In short, a labor shortage […]
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The congresswoman’s latest remarks misunderstand or reject the key role the Supreme Court plays in safeguarding our constitutional liberties. Like every new member of Congress, Rep. Alexandria Ocasio-Cortez pledged to uphold the Constitution when she was sworn into office. But the socialist congresswoman’s latest criticism of the Supreme Court reveals that she lacks even the most basic understanding […]
Estimated Reading Time: 3 minutes
Rowe knows the value of hard work, so it’s worth taking his recent warning on minimum wage hikes seriously. Mike Rowe knows the value of hard work. The former star of “Dirty Jobs” gained notoriety for the Discovery Channel program, which featured him going undercover at some of the toughest and grossest jobs imaginable. From […]
Estimated Reading Time: 4 minutes
Just roughly one-third of the money goes to the kinds of spending people would usually associate with infrastructure. The Biden administration on Wednesday released a comprehensive $2+ trillion spending proposal ostensibly focused on infrastructure. But there’s much more to this plan than meets the eye. A glance at the proposal reveals many items that appear […]
Estimated Reading Time: 3 minutes
It’s simply naive and ignorant of human nature to expect people—especially the kind of people who become politicians—to dole out trillions of dollars without any hint of favoritism or impropriety. President Biden is taking a victory lap after signing his $1.9 trillion ‘COVID’ spending bill. “Help is here,” he wrote in a tweet promoting his plan. […]
Estimated Reading Time: 2 minutes
Details of Biden’s bloated spending package are so damning that even liberal-leaning fact-checkers have no choice but to agree with conservative criticisms. President Biden’s $1.9 trillion “American Rescue Plan” could soon become law. The budget-busting legislation, sold as emergency COVID response and “stimulus,” passed the Senate over the weekend. But even the liberal-leaning fact-checking website PolitiFact is pointing […]
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Here’s the real reason Dolly Parton’s ‘5-to-9’ Squarespace commercial made anti-capitalist critics so angry. Everybody loves Dolly Parton. It’s not hard to see why: The country music star is a philanthropic giant with decades of charitable work, including a recent $1 million donation to fund the hugely successful Moderna COVID vaccine. And Parton’s big personality and widespread […]
Estimated Reading Time: 3 minutes
Economists interviewed by FEE warn that Senator Warren’s new proposal would backfire horribly. Senator Elizabeth Warren made a “wealth tax” on net worth one of the defining proposals of her unsuccessful 2020 presidential campaign. Now, the staunch progressive is using her new perch on the Senate Finance Committee to introduce a wealth tax at long […]
Estimated Reading Time: 4 minutes
From CO2 emissions to jobs to investment, the president’s move will have the opposite of its intended effect. President Joe Biden wasted no time after Wednesday’s inaugural ceremonies before getting to work. He signed 17 executive orders and memorandums—by far the most in history on a president’s first day—one of which halted construction of the controversial Keystone XL […]
Estimated Reading Time: 5 minutes
On Thursday night, Joe Biden rolled out a sweeping proposal for $1.9 trillion more in COVID-19 relief and stimulus spending. “I believe we have a moral obligation,” Biden said during a speech in Delaware announcing the plan. “In this pandemic in America, we cannot let people go hungry, we cannot let people get evicted, we cannot watch […]