Economy News
The Daily Signal reports on economy news with analysis and commentary on growth, recession risks, employment, and financial trends.
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opinion
The Illusion of Growth: How Inflation Skews Our Perception of the Stock Market
Americans can readily see the effects of record-high inflation every time they shop. Prices have soared, from the grocery store to the gas pumps. Although inflation has cooled, families are still feeling the pinch. And the harm doesn’t end there: Inflation also is making stock markets appear stronger than they really are and cutting into… -
opinion
Harris’ Plan to Spread California’s Economic Dysfunction
Vice President Kamala Harris was born and spent most of her life in California, where she was elected to the Senate. It should, therefore, come as no surprise that her proposed policy agenda is aligned with California-style governance. Since the effects that high taxes and heavy regulation have had on the Golden State are clearly… -
opinion
Inflation: Government’s Secret Tax That Erodes Your Hard-Earned Cash
Those in power talk about inflation as if it’s a natural occurrence. They’d have you believe that there’s no more sense in blaming government leaders for a bout of inflation than in blaming them for rainy weather on the weekend. This is nonsense. The White House and Congress deserve to be blamed for inflation, because… -
opinion
Nevada Taxpayers Foot $100 Million Bill for Illegal Immigrant College Students
One out of every 32 students enrolled in a public university in Nevada is an illegal alien. They have no legal basis for being in this country, but these unlawful students are enjoying their university’s classes, recreational facilities, parties, and sporting events—all of which are subsidized by hardworking Nevada taxpayers. The Nevada System of Higher… -
news
‘FEELING THE SQUEEZE’: Most Hispanics Say Country’s on Wrong Track, Taxes Are Too High
FIRST ON THE DAILY SIGNAL—According to a recent poll, fully 75% of Hispanic voters think the country is on the wrong track. Even among self-identified Hispanic Democrats, 63% of those polled held that view. The survey—conducted online by Public Opinion Strategies for Americans for Prosperity, a libertarian conservative political advocacy group—found that Hispanics, by margins of… -
opinion
Electricity Prices, Driven Up by Mandates, Jeopardize Economic Stability
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… -
news
Debt Colonization in Japan
Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. Japan just fired its stunningly unpopular prime minister, Fumio Kishida, replacing him with a new guy who, in just a few short months, will be just as stunningly unpopular. Why? Because Japan has gone so far down the… -
opinion
Inflation Rising Is Awkward for Powell, Nightmare for Harris
Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. Inflation is rising again, and even Federal Reserve cheerleader Bloomberg is worried the Fed is losing the plot. Inflation rising is awkward for the Fed, given Chairman Jerome Powell already cut rates for the looming recession. In fact,… -
news
NASA Spent Millions on ‘Environmental Justice’ and ‘Equity’ Grants Despite Budget Woes
DAILY CALLER NEWS FOUNDATION—The National Aeronautics and Space Administration has shelled out millions in awards to advance diversity, equity, and inclusion as well as “environmental justice,” despite recently laying off staff and shuttering space programs due to budgetary shortfalls. NASA has allocated roughly $10 million to pay out dozens of grants and contracts aimed at… -
opinion
America’s Bipartisan Spending Suicide Pact
The greatest moral hazard in American life is politics. Many of you probably remember 2012 GOP presidential nominee Mitt Romney being secretly recorded by a Democratic operative telling donors that “47% of the people who will vote for the president no matter what” because they are “dependent upon government … believe that they are victims… -
opinion
Brooke Ence’s Mission to Create a ‘Parallel’ Food Economy
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… -
news
Food Prices Jump, Inflation Rises Faster Than Expected
THE CENTER SQUARE—Newly released federal inflation data shows that prices rose faster than expected last month, putting more pressure on Americans’ budgets. The U.S. Bureau of Labor Statistics on Thursday released its consumer price index, a key marker of inflation, which showed that CPI rose 0.2% in September. While inflation rose more than expected last… -
news
With Tax Cuts Ending Next Year, Americans Firmly Oppose Paying More
Regardless of who is in the White House come Jan. 20—whether Donald Trump or Kamala Harris—the next president will face a deadline at the end of 2025 that could trigger a tax increase for Americans across all 50 states. A recent survey by Americans for Prosperity, a grassroots organization that seeks to transform policy around… -
opinion
Harris’ Economic Plan Would Increase Federal Stranglehold on Economy
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… -
opinion
STEALING HOME: Local Governments’ Shocking Property Tax Grabs
Sometimes, politicians steal people’s homes. Really. If homeowners miss property tax payments, even if they never received the bills, some towns grab the whole house and keep the proceeds. All the proceeds. Even if the total is much more than the property tax owed. I reported on this (mal)practice a couple years ago. Since then,… -
opinion
Do You Know Where Your Tax Dollars Go? Now You Can
Open the Books was founded in 2011 on a simple principle: Taxpayers deserve to know where their money is going and how it’s being spent. Americans are paying “property taxes to fund local education, so wouldn’t you like to know where that money is going?” asks Matthew Tyrmand, deputy director at large of the Florida-based… -
opinion
Lawmakers Push New Student Loan ‘Forgiveness’ Proposal, Burdening Taxpayers With Billions
After a pause in student loan repayments during the COVID-19 pandemic, borrowers have started paying again. But if history is any guide, some student loan borrowers will pay next to nothing—and after 10, 20, or 25 years, taxpayers, not borrowers, will be forced to pay the outstanding balances. Now, some members of Congress are trying… -
opinion
BINGO! Harris Presides Over Wars, Inflation, Scandals, Open Borders, and Crime.
On the latest episode of “The Tony Kinnett Cast,” we watch in a mix of amusement and bemusement as Vice President Kamala Harris wins what can only be described as a veritable “BINGO” of bad presidential campaign circumstances just 38 days before the general election: War in the Middle East as the U.S. sits impotent,… -
news
Voters Moving Right on Tax Cuts, Poll Shows
A national survey released weeks before the Nov. 5 presidential election shows most voters know little about the personal impacts of the Tax Cuts and Jobs Act, which is set to expire at the end of 2025. The survey, conducted by Public Opinion Strategies on behalf of Stand Together, shows that 76% of voters, an… -
opinion
Economic Bunk From a Former Cabinet Secretary
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…