Biden Keeps Blaming Others for His Economic Mistakes
The president has tried to shift blame for inflation, interest rate hikes, and an overall decimation of consumers' purchasing power.
The president has tried to shift blame for inflation, interest rate hikes, and an overall decimation of consumers' purchasing power.
Plus: An interview with Colorado Gov. Jared Polis about the state's blockbuster year for housing reform.
Price controls lead to the misallocation of resources, shortages, diminished product quality, and black markets.
We live in a world of abundance (when politicians don’t screw it up).
The best reforms would correct the real problems of overcriminalization and overincarceration, as well as removing all artificial barriers to building more homes.
The White House's idea of using Freddie Mac and Fannie Mae to adopt rent control faces numerous legal and practical hurdles.
The former labor secretary ignores the avian flu epidemic that devastated the supply of egg-laying hens.
We’d all be better off if politicians spared us their experiments in subsidies, wages, and trade.
You can’t turn lives and economies off and on without inflicting lingering harm.
If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.
The idea that the Fed has the knowledge necessary to control the economy with perfectly calibrated policies was always an illusion.
No, a big storm does not require big government.
This fiscal irresponsibility throws gasoline on the country's already raging inflation fire.
The city's expanded down payment assistance program is a recipe for increasing home prices.
Government officials broke the world, and we’re all paying the price.
Builders are starting fewer new housing projects but housing construction rates remain steady. Experts say it's a product of inflation catching up with persistent supply chain problems.
How can it be that with so much cattle in America, we sometimes can't buy meat?
Governments can't plan economies, but can disrupt them.
Corporations were just as greedy when prices fell in 2019 and early 2020.
Why do we have tariffs on imported formula in the middle of a shortage?
In criticizing the move, the New York Post got basic economics wrong.
Plus: China's unsustainable COVID lockdowns, Texas Gov. Greg Abbott's performative anti-immigration antics snarl supply chains, and more...
Higher egg prices are not a crisis in the middle of a pandemic full of supply problems.
Some want to solve the problem with subsidies for gas, housing, child care, and more. That only risks greater stagnation.
Even supposedly well-designed rent control policies come at the expense of new supply while creating a class of renters opposed to necessary zoning reforms.
Supply chains are struggling, but they're not as fragile as you think.
Perhaps Newsom doesn't want to do anything because the real solutions will anger his union and environmental allies.
"Even products as simple as a pencil have to use wood from Brazil and graphite from India before it comes together at a factory in the United States," Biden said.
We've turned the presidency into an omnipotent office, and we expect that our gifts and government checks will be delivered on time.
The basics of supply and demand still applied.
A Connecticut company got a $138 million government contract in order to break America's supposed "dependence" on foreign-made syringes. It has yet to produce even a single one.
The government tried to stabilize the nation's food supply 80 years ago. Its efforts backfired.
If it works at all (and it usually doesn't), a fiscal stimulus is meant to boost demand. The biggest potential economic problem from coronavirus has to do with supply.
Economists have long warned that rent control only limits housing supply and drives up prices in the long-run
High prices can bring much-needed supplies into a disaster zone.
It's by building lots more housing, obviously.
Price signals ultimately mean more supplies for disaster-struck areas.
Price gouging is not the evil many officials make it out to be.
Politicians condemn price gougers, but students explain why "gouging" is good.
So-called price gouging helps send important signals to buyers and sellers.
The feds are bailing out dairy producers. Here's why that's a terrible and wasteful mistake.
Politicians adopt a policy that does the opposite of what they supposedly intended to do.
Energy demand projected to increase by nearly 50 percent by 2040
Forward comrades to the unemployment lines and soup kitchens!