Democrats have spent decades warning that the United States must stop using the most efficient and affordable energy sources or it will be consumed by heat waves, fireballs, and cataclysmic weather events. Every flood, every hurricane—every natural event, really—is now blamed on climate change. We have burdened our children with an irrational dread over their […]
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, […]
Biden says he will request a three-month reduction in the Federal gas tax and urges states to follow as well. At one time Barak Obama called this idea a gimmick. Obama was right. Certainly, one can understand why. The increase in fuel costs is hurting everyone, including those at the bottom of the income scale […]
https://pricklypear.news/wp-content/uploads/gaspirce.jpg339509Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2022-06-24 02:00:182022-06-22 19:24:26Why Cutting the Gas Tax is a Bad Idea
When Cornwallis surrendered to Washington at Yorktown, the band played a tune called “The World Turned Upside Down”. We could use some of that music today. As I quietly celebrate a new national holiday called “Juneteenth”. I am grateful for the opportunity to have another chance to feel guilty about something. Another reminder that we […]
https://pricklypear.news/wp-content/uploads/absurd.jpg369468Ken Veithttps://pricklypear.news/wp-content/uploads/logo_2023.pngKen Veit2022-06-24 01:55:322022-06-22 13:51:36A World Turned Upside Down
Record high diesel fuel prices are yet another driver of rising costs for Americans, and those costs could get even higher this year. Diesel gas prices hit another record high Thursday at $5.79 per gallon, according to AAA. That is a spike from $5.57 a month ago and much higher than the average of $3.22 […]
https://pricklypear.news/wp-content/uploads/trucks.jpg339508Casey Harperhttps://pricklypear.news/wp-content/uploads/logo_2023.pngCasey Harper2022-06-22 02:00:202022-06-20 10:54:09Record High Diesel Prices Threaten Domino Effect To Other Goods
Chinese ruler Xi Jinping has staked his rule on making China larger, by annexing neighbors. Taiwan is not his only target. He needs success to assure a precedent-breaking third term as the Communist Party’s general secretary, but the Chinese people, preoccupied by a failing economy, are in no mood for their leader’s aggression. We start […]
https://pricklypear.news/wp-content/uploads/chink.jpg338507Gordon Changhttps://pricklypear.news/wp-content/uploads/logo_2023.pngGordon Chang2022-06-22 01:55:302022-06-20 10:50:17China’s Economy Is Collapsing. Here’s Why You Should Worry
Is it just me, or is the United States sliding towards a major war without really any kind of debate? No declaration of war for sure, as such a thing as following the Constitution clearly cannot be considered by the leadership class in this nation. There has not been any kind of use of force […]
https://pricklypear.news/wp-content/uploads/map.jpg338507Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2022-06-21 13:00:322022-06-21 15:40:06What Is the End Game with Ukraine and Russia?
It is a testament to mankind’s enduring optimism, as much as our enduring hubris, that with every generation hope should spring anew that the fundamental forces which have governed our affairs since time immemorial have changed for the better. After each passing calamity, the majority are once again lulled back into the comforting fantasy that […]
https://pricklypear.news/wp-content/uploads/nietze.jpg469800Michael Sengerhttps://pricklypear.news/wp-content/uploads/logo_2023.pngMichael Senger2022-06-21 02:00:442022-06-17 10:03:29Your Misery Is All About Their Power
Margin debt issued warnings starting in early 2021 that the Big S would hit the fan. Folks blew it off. Editors’ Note: Wolf Richter makes a brief point about “securities-based lending” (SBL) that deserves some additional commentary. This has been all the craze at major brokerage houses, which encourage both advisors and clients to […]
Our Social Security program is running dry. Policymakers have no plan to fix it, and generations of Americans have been duped into believing it’s a good deal. Social Security was established to prevent older Americans from living in poverty once they’re unable to work, but the program’s unchecked expansions have made that outcome anything but […]
Democrats’ Disastrous, Capricious Energy Policy
/in Culture War, Economy, Environment, Featured, Liberty, Politics/by David HarsanyiDemocrats have spent decades warning that the United States must stop using the most efficient and affordable energy sources or it will be consumed by heat waves, fireballs, and cataclysmic weather events. Every flood, every hurricane—every natural event, really—is now blamed on climate change. We have burdened our children with an irrational dread over their […]
More Alarming Inflation Data Undercut the Progressive ‘Greedflation’ Narrative
/in Culture War, Economy, Featured, Politics/by Brad PalumboCompanies 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, […]
Why Cutting the Gas Tax is a Bad Idea
/in Economy, Environment, Featured, Liberty, National Security, Politics/by Neland NobelBiden says he will request a three-month reduction in the Federal gas tax and urges states to follow as well. At one time Barak Obama called this idea a gimmick. Obama was right. Certainly, one can understand why. The increase in fuel costs is hurting everyone, including those at the bottom of the income scale […]
A World Turned Upside Down
/in Culture War, Economy, Environment, Featured, National Security, Politics, Satire/by Ken VeitWhen Cornwallis surrendered to Washington at Yorktown, the band played a tune called “The World Turned Upside Down”. We could use some of that music today. As I quietly celebrate a new national holiday called “Juneteenth”. I am grateful for the opportunity to have another chance to feel guilty about something. Another reminder that we […]
Record High Diesel Prices Threaten Domino Effect To Other Goods
/in Economy, Environment, Featured, Politics/by Casey HarperRecord high diesel fuel prices are yet another driver of rising costs for Americans, and those costs could get even higher this year. Diesel gas prices hit another record high Thursday at $5.79 per gallon, according to AAA. That is a spike from $5.57 a month ago and much higher than the average of $3.22 […]
China’s Economy Is Collapsing. Here’s Why You Should Worry
/in Economy, Featured, National Security, Politics/by Gordon ChangChinese ruler Xi Jinping has staked his rule on making China larger, by annexing neighbors. Taiwan is not his only target. He needs success to assure a precedent-breaking third term as the Communist Party’s general secretary, but the Chinese people, preoccupied by a failing economy, are in no mood for their leader’s aggression. We start […]
What Is the End Game with Ukraine and Russia?
/in Economy, Featured, Liberty, National Security, Politics/by Neland NobelIs it just me, or is the United States sliding towards a major war without really any kind of debate? No declaration of war for sure, as such a thing as following the Constitution clearly cannot be considered by the leadership class in this nation. There has not been any kind of use of force […]
Your Misery Is All About Their Power
/in Culture War, Economy, Education, Featured, Healthcare, Liberty, Politics/by Michael SengerIt is a testament to mankind’s enduring optimism, as much as our enduring hubris, that with every generation hope should spring anew that the fundamental forces which have governed our affairs since time immemorial have changed for the better. After each passing calamity, the majority are once again lulled back into the comforting fantasy that […]
Margin Debt Unwinds Further amid Massacre of High-Flying Stocks and Forced Selling
/in Economy, Featured, Personal Finance/by Wolf RichterMargin debt issued warnings starting in early 2021 that the Big S would hit the fan. Folks blew it off. Editors’ Note: Wolf Richter makes a brief point about “securities-based lending” (SBL) that deserves some additional commentary. This has been all the craze at major brokerage houses, which encourage both advisors and clients to […]
Social Security’s Unfunded Obligations Getting Worse
/in Economy, Featured, Liberty, Politics/by Rachel GreszlerOur Social Security program is running dry. Policymakers have no plan to fix it, and generations of Americans have been duped into believing it’s a good deal. Social Security was established to prevent older Americans from living in poverty once they’re unable to work, but the program’s unchecked expansions have made that outcome anything but […]