Economic Policy News

It has been no secret that America, Germany, Austria, and Europe in general are currently confronted with major economic problems. All are experiencing inflation and minimal economic growth. Purchasing power is decreasing, and the balances on accounts and savings books of average citizens are dwindling. The problems started long ago and are political in nature….

Every major economic downturn of the last 110 years bears the mark of the Federal Reserve. In fact, as long as the Fed has been around, it has swung the economy between inflation and recession. Yet Americans, surprisingly, have tolerated it. But we shouldn’t expect that to go on forever. We had three central banks before the Fed, and…

It’s back to school this week for Florida students and many others across the country. The first days and weeks of a new school year are always filled with anticipation, adjustments, transitions, and growth for parents and students. Yet, this school year’s “firsts” for an expanding pool of families also includes the first time that…

While Americans are paying trillions of dollars for President Joe Biden’s climate change agenda, that agenda is weakening America’s national security, and China is set to profit heavily from this folly. As members of Congress were leaving Washington for the August recess, Biden’s National Highway Transportation Safety Administration quietly published new proposed fuel economy standards…

I’ve often thought there is something providential about the Declaration of Independence being drafted and promulgated throughout the American Colonies the same year that Adam Smith’s book “The Wealth of Nations” was published. After all, both texts were revolutionary, and both were fundamentally concerned with protecting and promoting liberty. The Declaration of Independence was very…

The United States and Switzerland have long been described as “Sister Republics”—a term that symbolizes their deep and abiding partnership. Sharing common democratic values, the rule of law, free-market ideas, and even similar constitutions, the two nations have a proven record of a dynamic partnership on many critical issues. This Alpine country, despite its small…

We are in a looming financial crisis, even if we don’t want to see it. Silicon Valley Bank was, according to Moody’s, worthy of an investment-grade rating as of March 8. S&P Global Ratings similarly held a high opinion of SVB. Two days later, SVB was shut down. Immediately, Moody’s dropped SVB into junk territory….

The president’s budget for fiscal year 2024 is less a display of prudent finance as it is reminiscent of a carnival shell game. If you don’t pay close attention to the details, you’ll wind up suckered by the man moving the ball around. President Joe Biden’s political talking points may appease his Democrat colleagues, but…

When discussing budgets, President Joe Biden often uses a quote that he attributes to his father: “Don’t tell me what you value. Show me your budget—and I’ll tell you what you value.” If the administration’s latest budget is any indication, Biden doesn’t value America’s future. 1) More Spending and Debt A president’s budget is a…

OXON HILL, Md.—The clock is ticking on America’s debt. “You cannot spend yourself into oblivion like this country’s been doing,” Rep. Ralph Norman, R-S.C., says, adding that Republicans are “going to tackle it head-on.” America has reached its current debt ceiling of $31.4 trillion, and Treasury’s extraordinary measures will likely be able to extend current…

A character in Ernest Hemingway’s first novel, “The Sun Also Rises,” explains how he went bankrupt: “Gradually and then suddenly.” Americans who have fallen deep into credit card debt or had to rely on high-interest, payday loans probably can relate. As a borrower’s debt mounts and his credit score is downgraded, creditors demand higher and…

The Heritage Foundation’s 2023 Index of Economic Freedom, released Monday, offers sobering insights into setbacks to economic freedom across the globe, including, regrettably, here at home. Since its inception in 1995, the index—an annual global study that compares countries’ entrepreneurial policy environments—has measured a nation’s commitment to limited government and free enterprise by evaluating four…