In a recent speech, President Joe Biden argued not only that we need to fight inflation but that the federal government needs to impose price controls on drugs as part of the strategy.
The Affordable Care Act (aka Obamacare) has been a failure.
What Will It Take To End Rampant Home-Price Inflation?
Authored by Ryan McMaken via The Mises Institute,
Real wages are falling, inflation is at a 40-year high, and the Atlanta Fed predicts we'll find GDP growth at zero for the second quarter. Meanwhile, both the yield curve and money-supply growth point to recession.
But when it comes to the latest data on home prices, there's still no sign of any deflation or even moderation.
For example, the latest Case-Shiller home price...
The Gas Inflation Crisis Is Far From Over – Where Will Prices Finally Stop?
Authored by Brandon Smith via Alt-Market.us
After a single Federal Reserve rate hike of 75bps I am noticing a trend among mainstream economists whipping out their crystal balls and predicting an almost immediate reversion to deflationary conditions. In their view, a recession will “balance everything out.” For most of these people I would suggest that they keep their crystal balls in their pants; they have...