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When it comes to curbing inflation, dumping yet another $7 billion into the economy is probably among the least advisable medicines.
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Do you recall all those "debates" over the federal debt ceiling that have taken place over the past 30 years? Every time the debt ceiling came up, here at FFF we said, "Don't raise the debt ceiling. Force the feds to live within their means.
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On Wednesday, the Federal Reserve announced the largest interest rate increase since 1994 in an attempt to tame rampant inflation.
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...can Powell hold his "strongly committed" hawkish stance?
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"This combination of factors and events leaves us in the situation we face today. Namely, the most consequential energy crisis since the 1970s..."
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Brazilians Pay the Same Amount For Gas (VIDEO)
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This week, US gasoline prices hit an average of $5.00 per gallon, an all-time record. Officially, consumer price inflation hit 8.6 percent last month compared to last May.
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Boots on the Ground...June 11th...Everything is costing more from products to services.
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Desperate People Do Desperate Things During Desperate Times-Hyperinflation, Shortages and War Will Have Americans Reliving The 900 Days of Leningrad
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inflation -- Every American who eats, drives a car, heats a home, pays for healthcare, college tuition and other essentials knows more about inflation than TV talking head economists and other analysts.
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0 percent in May on a seasonally adjusted basis after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today.
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According to commentators in the mainstream press and various federal officials, inflation is like the coronavirus. It spreads around the world, hitting different countries in different ways.
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"Pete Buttigieg is a disgrace. He's not even doing the bare minimum to fulfill his job requirements."
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Solar panels first to get relief, but Biden eyeing cuts for everyday products too
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President Joe Biden has unveiled a three-part plan to fight inflation -- or at least make people think he is fighting inflation.
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One of the most detrimental aspects of an inflationary or stagflationary crisis is that, in most cases, housing costs tend to rise while home sales fall.
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Did you know that Ernest Hemingway spent time in post-WW1 Germany? Here are some of the things he observed during their period of hyperinflation.
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Personal savings and the savings rate have plunged rapidly. Adjusted for inflation, its worse.
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All of a sudden, just about everyone is upset about inflation. It would have been nice if everyone would have been this upset back when our leaders were making the exceedingly foolish decisions that resulted in this crisis.
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As the narrative goes, inflation readings have hit their highs for the year. The Federal Reserve will hike rates until monetary policy "normalizes," then declare victory over the very problem its policies unleashed.
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US Treasury Secretary Janet Yellen admitted Tuesday that she had failed to anticipate how long high inflation would continue to plague American consumers as the Biden administration works to contain a mounting political liability.
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The cost of living is hitting a painful threshold for many working-class folks.
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"Inflation is high and it's going higher. So, you're going to have the combination of a very weak economy in recession and high inflation getting worse..."
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A new AP poll released this week shows for the first time that Americans are souring on "Putin's price hike" as a cost of propping up Ukraine in its war with Russia. Six and seven dollar a gallon gas plus raging inflation have brought the cost of an
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Family's Inflation Parody of Meatloaf Hit "I'd Do Anything for Love (But I Won't Do That)" Goes Viral
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Americans today are once again the victims of price inflation brought on by runaway government spending and printing of unbacked paper money.
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Senator Josh Hawley (R-MO) ripped into Biden's Energy Secretary Jennifer Granholm on Thursday after she tried to blame soaring inflation on Russian President Vladimir Putin.
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Google CEO Sundar Pichai said that while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the broader market.
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Samsung Electronics is preparing to increase prices for chip contract manufacturing in the second half of this year which comes as no surprise given skyrocketing cost pressures eating away at the company's margins.
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The exceptionally tight market at home and abroad is unlikely to ease any time soon...
