The Biden Administration’s 2023 budget bill made headlines by proposing a so-called “billionaire tax,” imposing a 25-percent minimum rate on the “unrealized capital gains” of the wealthiest Americans. The Biden measure rests on an economic falsehood. The new proposal rests on the work of far-left academics such as Thomas Piketty and Gabriel Zucman, who erroneously […]
https://pricklypear.news/wp-content/uploads/iStock-1363056516-scaled.jpg17072560Phillip W. Magnesshttps://pricklypear.news/wp-content/uploads/logo_2023.pngPhillip W. Magness2023-03-20 00:28:272023-03-19 06:31:51The Unconstitutional Tax on “Unrealized Capital Gains”
The U.S. Federal Reserve may be less likely to use its key tool to combat inflation because of recent bank failures. The Fed has been aggressively hiking interest rates for months to help combat inflation. While inflation has slowed, it remains elevated. Given the recent bank collapses, hiking rates again may be too risky for […]
In 2019 when Facebook announced plans to issue a new global stablecoin, Libra, governments took notice. The potential for Libra to be seamlessly adopted by more than 2.3 billion Facebook users challenged the idea that governments alone are vested with the power to issue “money” and raised legitimate concerns about the impact of stablecoins on […]
https://pricklypear.news/wp-content/uploads/iStock-1460809590-scaled.jpg17072560Paul Kupiechttps://pricklypear.news/wp-content/uploads/logo_2023.pngPaul Kupiec2023-03-15 00:28:232023-03-13 06:07:57Digital Currency and the Next Financial Crisis
United States electricity prices are rising rapidly, up 18.1 percent over the last two years. Renewable energy advocates claim that wind and solar installations produce cheaper electricity than traditional power plants, but power prices are rising as more wind and solar is added to the grid. In fact, electricity prices are soaring in leading wind […]
https://pricklypear.news/wp-content/uploads/iStock-1313977159-scaled.jpg17052560Steve Gorehamhttps://pricklypear.news/wp-content/uploads/logo_2023.pngSteve Goreham2023-03-14 00:30:302023-03-12 06:37:15Electricity Prices are Soaring in Heavy Wind Energy States
Our leaders have failed at a national balanced budget. They do not even begin to address whether we are anywhere near the possibility of a balanced budget. Charges are flying back and forth about whether anyone wants to cut Social Security and/or Medicare as some demagogue the issue. It is time to take a simple […]
The Biden administration gave the city of Tucson $900,000 to build a biking and pedestrian bridge. The city’s initiative is one of 45 projects nationwide to receive a portion of $185 million in funds, the only one in Arizona to receive this round of funds. The bridge would provide a pathway over the I-19 highway […]
https://pricklypear.news/wp-content/uploads/iStock-1363793087-scaled.jpg17072560Corinne Murdockhttps://pricklypear.news/wp-content/uploads/logo_2023.pngCorinne Murdock2023-03-13 00:28:362023-03-12 05:42:24Biden Admin Gives Tucson $900k For Equity-Focused Bike And Pedestrian Bridge
Editors’ Note: On Friday, March 10, Silicon Valley Bank collapsed, the second largest bank failure in US history. There is common wisdom that the FED keeps raising rates “until something breaks.” There is likely no bigger single market intervention than the manipulation of interest rates. Along with the meltdown in cryptocurrencies, their banks, and exchanges, […]
https://pricklypear.news/wp-content/uploads/istockphoto-462756183-612x612-1.jpg408612Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2023-03-10 00:32:302023-03-12 16:43:46Can Markets Function Normally With Intrusive Central Planning?
Here at The Prickly Pear, we were quite skeptical of the advice the US government was putting out about how to deal with Covid. We particularly took the position that medical considerations could not be viewed in isolation from other factors such as the economy, personal liberty, and the education and welfare of children. The […]
https://pricklypear.news/wp-content/uploads/istockphoto-1160797011-612x612-1.jpg406612Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2023-03-06 00:30:472023-03-06 06:04:45The Covid Skeptics Were Correct. When Do We Get an Apology?
Some markets are already deep into it, and others just started. A sobering trip from the free-money decade in la-la-land, back to normal. The housing market in the United States has turned down, and in some big markets very dramatically so. Other markets lag a little behind. That’s how it went during the last Housing […]
Inflation is a government externality that has made my favorite cookies twice as expensive. Inflation sucks. When I was a kid, a pack of Oreos would cost $2.99: cheap and reasonable. Now, I would need to shell out about $5 for the same product—and I’m only 23! Even beyond shattering the hopes and dreams of […]
https://pricklypear.news/wp-content/uploads/iStock-186883614-scaled.jpg18962560Axel Weberhttps://pricklypear.news/wp-content/uploads/logo_2023.pngAxel Weber2023-03-01 00:30:172023-02-26 07:52:07Inflation Not Only Hurts, It Diverts
The Unconstitutional Tax on “Unrealized Capital Gains”
/in Economy, Featured, Latest News, Politics/by Phillip W. MagnessThe Biden Administration’s 2023 budget bill made headlines by proposing a so-called “billionaire tax,” imposing a 25-percent minimum rate on the “unrealized capital gains” of the wealthiest Americans. The Biden measure rests on an economic falsehood. The new proposal rests on the work of far-left academics such as Thomas Piketty and Gabriel Zucman, who erroneously […]
‘No Painless Option’: Fed Faces Tough Choice on Inflation Following Bank Collapses
/in Economy, Featured, Latest News, Personal Finance, Politics/by Casey HarperThe U.S. Federal Reserve may be less likely to use its key tool to combat inflation because of recent bank failures. The Fed has been aggressively hiking interest rates for months to help combat inflation. While inflation has slowed, it remains elevated. Given the recent bank collapses, hiking rates again may be too risky for […]
Digital Currency and the Next Financial Crisis
/in Economy, Featured, Latest News, Personal Finance/by Paul KupiecIn 2019 when Facebook announced plans to issue a new global stablecoin, Libra, governments took notice. The potential for Libra to be seamlessly adopted by more than 2.3 billion Facebook users challenged the idea that governments alone are vested with the power to issue “money” and raised legitimate concerns about the impact of stablecoins on […]
Electricity Prices are Soaring in Heavy Wind Energy States
/in Economy, Environment, Featured, Latest News, Personal Finance/by Steve GorehamUnited States electricity prices are rising rapidly, up 18.1 percent over the last two years. Renewable energy advocates claim that wind and solar installations produce cheaper electricity than traditional power plants, but power prices are rising as more wind and solar is added to the grid. In fact, electricity prices are soaring in leading wind […]
Budget; What Budget?
/in Economy, Featured, Latest News, Personal Finance, Politics/by Bruce BialoskyOur leaders have failed at a national balanced budget. They do not even begin to address whether we are anywhere near the possibility of a balanced budget. Charges are flying back and forth about whether anyone wants to cut Social Security and/or Medicare as some demagogue the issue. It is time to take a simple […]
Biden Admin Gives Tucson $900k For Equity-Focused Bike And Pedestrian Bridge
/in Arizona News, Culture War, Economy, Featured, Latest News, Politics/by Corinne MurdockThe Biden administration gave the city of Tucson $900,000 to build a biking and pedestrian bridge. The city’s initiative is one of 45 projects nationwide to receive a portion of $185 million in funds, the only one in Arizona to receive this round of funds. The bridge would provide a pathway over the I-19 highway […]
Can Markets Function Normally With Intrusive Central Planning?
/in Economy, Featured, Latest News, Personal Finance, Politics/by Neland NobelEditors’ Note: On Friday, March 10, Silicon Valley Bank collapsed, the second largest bank failure in US history. There is common wisdom that the FED keeps raising rates “until something breaks.” There is likely no bigger single market intervention than the manipulation of interest rates. Along with the meltdown in cryptocurrencies, their banks, and exchanges, […]
The Covid Skeptics Were Correct. When Do We Get an Apology?
/in Economy, Education, Featured, Healthcare, Liberty, Politics/by Neland NobelHere at The Prickly Pear, we were quite skeptical of the advice the US government was putting out about how to deal with Covid. We particularly took the position that medical considerations could not be viewed in isolation from other factors such as the economy, personal liberty, and the education and welfare of children. The […]
Housing Bust #2 Has Begun
/in Economy, Featured, Latest News, Personal Finance/by Wolf RichterSome markets are already deep into it, and others just started. A sobering trip from the free-money decade in la-la-land, back to normal. The housing market in the United States has turned down, and in some big markets very dramatically so. Other markets lag a little behind. That’s how it went during the last Housing […]
Inflation Not Only Hurts, It Diverts
/in Economy, Featured, Latest News, National Security, Politics/by Axel WeberInflation is a government externality that has made my favorite cookies twice as expensive. Inflation sucks. When I was a kid, a pack of Oreos would cost $2.99: cheap and reasonable. Now, I would need to shell out about $5 for the same product—and I’m only 23! Even beyond shattering the hopes and dreams of […]