The rate of year-over-year inflation in the United States hit a 40-year high of 7.9 percent in February. In the Midwest, the rate was a touch higher at 8.0 percent, driven in…
During the pandemic, people made calls for the cancellation of student debt. However, the best that President Joe Biden could offer was putting a pause on loan payments. These calls…
Proponents of minimum wage laws often claim that the laws are responsible for increasing incomes of low-wage workers. In that case, employers are assumed to have significant market power, while…
Today, the Bureau of Labor Statistics (BLS) announced that inflation was 0.8 percent in February and 7.9 percent over the year (for the Midwest, the figures were 0.9 percent and 8.0 percent, respectively). This…
The effects of minimum wage hikes on the workforce are well documented. According to research evidence, minimum wage hikes lead to job losses and may also cause employers to reduce…
Earlier this month, the Bureau of Labor Statistics released figures showing that, over the previous year, prices had risen by 7.5 percent, the fastest year-on-year rate since February 1982. Because…
Americans are dying. More specifically, non-college-educated, middle-aged white Americans are dying at higher rates compared to older generations of non-college-educated white Americans when they were at the same age, as…
Last week, I noted that in January, Consumer Price Inflation (CPI) was running at its highest year over year rate since February 1982. This is the inflation figure most familiar…
Today, the Bureau of Labor Statistics (BLS) announced that inflation was 0.6 percent in January and 7.5 percent over the year (the increase was 7.9 percent in the Midwest). This is the fastest…
Proponents of licensing — and other forms of regulation –– proclaim that customers usually lack sufficient information to measure the quality or safety of products. In this case, licensing signals a…
In the year to December, the Consumer Price Index (CPI) rose by 7 percent, its fastest rate of annual increase since June 1982. “Core CPI” — which excludes more volatile food…
That chaotic Union Pacific railyard just outside of downtown Los Angeles continues to generate headlines. The situation is so bad that even California Governor Gavin Newsom wonders what’s going on.…
The United States is currently experiencing its fastest rate of inflation, year over year, since mid-1982. Those of you who are old enough to remember that might also remember the…
Inflation is running at its fastest rate, year over year, since June 1982. Generally, people see this in the form of rising prices. But that is only part of the…
Back in December, data from the U.S. Energy Information Administration showed gas prices falling from $3.40 a gallon on Nov. 15 to $3.38 on Nov. 29, which works out at…
The K-12 school system is a fundamental tool for a well-functioning economy. In addition to providing children an enriching environment to learn in, it allows parents to work. The same…