CATEGORY

ECONOMICS

Too Much Money Chasing Too Few Goods and Services

Estimated Reading Time: 2 minutes

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 […]

It’s About Time We Stopped “Trying Communism”

Estimated Reading Time: 5 minutes

I don’t know how many protests, solidarity movements, refugees, human rights alerts, economic collapses, and purges are going to get this message through everyone’s heads, Communism is a terrible system of governance. In fact, at this point, we should be consistent. Any government that does not guarantee as to the very justification for its existence, […]

Big Batteries Could Be Bigger Bombs Than Beirut Fertilizer

Estimated Reading Time: 2 minutes

It turns out storing Megawatts of high-density energy in a confined space is “like a bomb”. Who could have seen that coming, apart from everyone who understands what a megawatt is? Clean, green, noisy, and explosive. And they are “unregulated” in the UK. GWPF UK’s giant battery ‘farms’ spark fears of explosions that can reach […]

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

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: […]

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

Estimated Reading Time: 3 minutes

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.

Estimated Reading Time: 5 minutes

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

Estimated Reading Time: 4 minutes

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

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 […]

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

Estimated Reading Time: 2 minutes

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

Estimated Reading Time: 2 minutes

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 […]