The average price for a gallon of gas in the United States remains below $5, falling for the fourth consecutive day after hitting a high of $5.014 during the week of June 13, 2022. The price of gas dropped to $4.981 per gallon on June 20, according to AAA, after gas averages fell to $4.99 per gallon on…
Gas Prices Fall Below $5 per Gallon After Reaching Historic High on June 14
Inflation or Depression: Pick Your Poison
News Analysis At last we have something that really brings the American people together: inflation. Everyone hates it. It’s the whole topic of conversation at stores, on streets, at the park, or any setting. Want to make a friend? Just walk up to anyone and start complaining about prices. They will join right in and…
The Economic Meltdown Has Roots in Lockdown
Commentary American’s capacity for denial is truly a thing to behold. For at least 27 months, it should have been obvious that we were headed for a grave crisis. Not only that: the crisis was already here in March 2020. For weird reasons, some people, many people, imagined that governments could just shut down an…
US Inflation Starts in Washington, Not Moscow
Commentary President Joe Biden spoke at the Port of Los Angeles the other day and addressed the issue foremost on the minds of Americans today—inflation. And in the spirit of a tried and true liberal, he blamed everyone in the world for a problem that he is responsible for. Apparently, our president believes that Vladimir…
The Swamp vs. America: Biden Policies Are Making America Poorer
Commentary I’ve been struck by the opinion divide on the state of the economy between people with real jobs in America and the elite opinions in Washington. Gallup and other primary and reputable pollsters find that the public is very worried. About 2 in 10 respondents rate the U.S. economy as good or great. That…
The Age of Arrogance
News Analysis There are three great questions roiling public life today. First, why did they (meaning the elites in charge of our lives) not see this coming? Second, why did they believe they could control it? Third, what happens to them now that they have proven to have made such enormously costly errors that have…
The Big Swindle of 2020–22
June 13, 2022
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Business & MarketsBusiness Columnistsdebtinflationmonetary debasementrecessionstagflationU.S. economy
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News Analysis We live in the midst of the great unraveling, a time so disorienting that it becomes difficult to keep up much less describe and interpret events all around us. We tend rather to be bounced from data point to data point—high prices, learning loss among kids, falling income, increased population, the normalization of…
This Is How Prosperity Dies
June 10, 2022
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Business & MarketsBusiness ColumnistsinflationlockdownsmandatesPandemic ResponseprosperityU.S. economy
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News Analysis Now that the lockdown, mask, and mandate wars have died down, I’m getting calls from friends who two years ago cut me off because of my writings and views. They are also looking for insight into the unfolding economic chaos around them. And of course they want some insight into how best to…
Inflation Is a Weapon of Destruction
News Analysis Just how bad can inflation get in the United States? Don’t trust the experts at the top to tell you. The Biden administration assured us that rising prices were transitory. If you listened carefully to their words back then, and knew something about economics, you could know it wasn’t true. They claimed that…
On Economics, the White House Is Gaslighting
The latest polls show that 83 percent of the public believes that the economy is performing poorly or not so good. The top problem is of course inflation running at 8.4 percent officially but real-time data clocks it closer to 12 percent, and transportation at 22.4 percent. The flip side of rising prices is declining…
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