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Biden Praises Withdrawn Nominee Who Wanted To Socialize Bank Accounts

While many have accused the Biden administration of creeping toward socialism, Joe Biden’s nomination of Saule Omarova to comptroller of the currency demonstrates a sprint. The administration announced it would withdraw her nomination Tuesday, but that it was made at all indicates the administration’s priorities. Omarova expressed a desire to seize for the federal government sweeping powers over banking, including…

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How Easy Federal Money Could Be Laying The Groundwork For Another Housing Crash

If you think federal policies have caused sticker shock when you go to the department store or buy groceries, just wait for even more effects on the housing market. Unlike most prices for consumer goods and staples, for housing, what goes up can indeed go down—and may do so in the relatively near future. It’s another example of government causing…

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Yes, Joe Biden’s Policies Are Inflating The Cost Of Your Thanksgiving Meal

Inflation is having a tangible impact on the holiday dinner table. Research shows that this year, Americans will pay 15 percent more for their Thanksgiving meal. A traditional dinner for 10, including turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray of carrots and celery, pumpkin pie with whipped cream, coffee, and milk or water to…

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How The Federal Reserve Keeps Stoking Inflation

The inflation tax that working families face under the Biden presidency has many root causes. But one of the biggest involves an individual most Americans have not heard of: Jerome Powell, chairman of the Federal Reserve Bank. Just as inflation has reached a 30-year-high of 6.2 percent—more than three times the Fed’s inflation target of 2 percent—the central bank keeps…

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Why Are Democrats Hurtling The United States Towards A Stock Market Crash?

Since March 2020, $5.9 trillion in so-called relief spending authorized by Congress, as well as $3.3 trillion in quantitative easing from the Federal Reserve, has been pumped into the U.S. economy. America’s pandemic response resulted in 22 million jobs lost in a matter of months, and we still have 10 million fewer jobs than before March of last year. The fiscal and economic repercussions of going from stronger…

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Joe Biden’s Economy Is Already A Disaster. Here Is The Chart That Proves It

What is all this “Biden inflation tax” talk really about? What is the actual effect of inflation on the lives of real people? Well, below is a chart that compares yearly wage and inflation rates for each month from 2017 through July of this year using Bureau of Labor Statistics data. Wage rates are in blue and inflation (as measured by the consumer price…

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U.S. Economy Underperforms Amid Rising Inflation And Supply Chain Shortages

Amid an economy inflated from massive government handouts and supply chain disruptions, U.S. gross domestic product (GDP) increased at a 6.5 percent annual rate in the second quarter of 2021, falling significantly short of federal projections. The Commerce Department’s report released Thursday indicated U.S. GDP did not surge from April to June after the first quarter’s 6.3 percent annual growth…

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Why You Should Blame The Federal Reserve’s Easy Money For Today’s Inflation

Some observers, reading news about the latest report on runaway inflation, might blame the Biden administration’s free-spending policies for devaluing the dollar. But that simplistic assumption both ignores other sources and understates the problems. Much of the responsibility—and the blame—lies within the Marriner Eccles Building in Washington, home of the Federal Reserve. As a new PBS “Frontline” documentary explores, the…

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Retail Sales Tank As Prices Continue To Skyrocket Due To Inflation

Retail sales crashed and wholesale prices skyrocketed in May following unprecedented federal spending binges, the U.S. Department of Labor reported on Tuesday. Although most government-mandated lockdowns and school closures related to the COVID-19 pandemic ended months ago, the U.S. economy has been slow to bounce back. New data from the Department of Labor’s Bureau of Labor Statistics released on Tuesday…

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What Happens When Hedge Funds Buy Up Neighborhoods

A conversation on Twitter this week resurfaced a Wall Street Journal report from April about big investors getting into real estate, overbidding normal people to do so. “If You Sell a House These Days, the Buyer Might Be a Pension Fund,” the title says. “Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.” The…

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