Despite the fanfare, inflation is not conquered
In September, President Joe Biden prematurely declared victory over inflation as he held a celebration event over the party-line passage of the Inflation Reduction Act that required the Vice President of the United States to cast the deciding vote in the Senate.
Inflation is still raging. Biden’s student loan forgiveness plan will only make it worse
While the latest monthly number, and the CPI reading from July, show that inflation has stalled, we’re not out of the woods yet.
A glimmer of good economic news? Maybe not
Digging a little deeper to put the news into perspective reveals real concerns that stagflation will not end anytime soon.
U.S. Gross Domestic Product Update
U.S. Gross Domestic Product update U.S. Gross Domestic Product declined at a 1.4% rate in the first quarter of 2022. The numbers […]
The U.S Reaches Highest Unadjusted Monthly Rate of Inflation Since March 1980
A look at the highest unadjusted monthly rate of inflation Today, the U.S. Bureau of Labor Statistics announced that in March the Consumer Price […]
Inflation’s Growing Problem: A Warning Shot for Congress
The inflation rate in July—as measured by the seasonally-adjusted Consumer Price Index (CPI)—abated somewhat from June’s rate, increasing at 0.5% instead of […]
Promote Purchasing Power—Not the Minimum Wage
How to help working families the most During a focus group session on working class families we recently conducted at the Georgia […]
Putting Georgia’s employment numbers in perspective
Is there any reason not to cheer? Georgia’s unemployment rate dropped to 4.1 percent in May. Here are three reasons why this […]
Why the Minimum Wage is Bad News for Small Business
Why that’s bad for everyone else, and how raising costs can have disastrous economic consequences. In a prior blog, I explained how […]
Does the Minimum Wage Hurt or Help the Poor?
What economic research really tells us Finally, we have the definitive answer on a longstanding debate on whether empirical studies show that […]