Economic Policy News

High inflation could soon make a comeback across the American economy. That’s because a combination of soaring demand for electricity and artificially constricted supply has laid the foundations for steadily increasing electricity prices. Not only do people rely on electricity, but it’s an essential component of all commerce in the economy. As such, a healthy…

The vast majority of America’s meat supply comes from four major companies, leaving little room in the market for smaller farms to compete. JBS Foods, National Beef Packing Co., Tyson Foods, and Cargill combined hold 85% of the market, leading to the closing of thousands of family farms.  “Any time something is consolidated … you’re…

Vice President Kamala Harris gave a speech last week to accompany the release of her 82-page economic planning document. While her words were intended to evoke optimism, the implications of the plan are troubling for America’s future. To begin with, the plan must be placed in context. The Biden-Harris administration has overseen the federal government…

Former Labor Secretary Robert B. Reich now makes videos, like I do. In fact, his channel, Inequality Media, is very much like Stossel TV. He also reaches people via social media platforms, gets millions of views and covers economic topics. Reich, who served in President Bill Clinton’s administration, does almost exactly what I do, except…

Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. Small-business bankruptcies are up 61% on the year. It is a cackle-nomics miracle. The data comes from bankruptcy analyst Epiq, which reports that commercial filings for Chapter 11 bankruptcies soared to 4,553 so far this year. Meanwhile, total…

The government, for the past year, has overstated joblessness by 818,000 jobs. That revision comes on top of the monthly revisions already made. It is probably not a conspiracy to help Joe Biden and Kamala Harris look good or they would have waited until after the election, not before early voting, to announce the revision….

Learning isn’t necessarily cumulative. Human experience over the centuries provides lessons, some clearer than others. But each generation has to learn lessons anew, and some do not. The lessons about economic growth taught over the long run of history are clear. Growth is not inevitable, and while riches may be accumulated, or appropriated, by the…

Price controls, higher taxes, government intervention, and subsidies paid for by printing a constantly devalued currency. These are the essential pillars of “21st-century socialism” and of the radical left ideology of Peronism that obliterated Argentina. These are also the main elements of the economic plan presented by Kamala Harris and the Democratic Party. Undoubtedly, this…

Our economic leadership often is discussed by way of dollars, but it’s about much more than that. It’s about the well-being of the American people. The economy has one purpose—to organize our labors to produce the goods and services that households need and desire. After all, the root word of economics refers to the household,…

Buying a home is a cornerstone of the American dream, a dream that is further out of reach today for many Americans.  According to the Department of Housing and Urban Development, the median sales price of a new, single-family home was $416,300 in May 2023. In 1985, it was $84,300. Yes, income has increased, but…

Germany’s gross domestic product has been falling since the third quarter of 2022, causing fears of the first 2-yearlong recession since the early 2000s. German farmers are openly protesting new climate regulations that would raise the price of diesel fuel, vital for tractors and farm machinery. This discontent is mirrored by the general public, which…

The foundations of economic freedom have been declining around the world for three consecutive years, according to the 2024 Index of Economic Freedom, which annually assesses the economic governance and entrepreneurial environments of 184 countries. Despite the disappointing downward trend of global economic freedom, the overall findings of the 2024 index, released Monday by The…

For all the White House’s bragging about the strength of the economy, most Americans still don’t approve of President Joe Biden’s performance on this issue. That’s likely because they have been left behind, especially native-born Americans. This is perhaps most evident in figures from the Labor Department’s Bureau of Labor Statistics. If one looks only at the…