The Fed should have been in front of this. Instead, they are far behind and must now catch up quickly. The US Bureau of Labor Statistics just released the Consumer Price Index (CPI) increase for the month of December. The 0.5% …

Regardless of what Secretary Yellen may say, increasing government deficit spending at this time, will lead to more inflation. Last year, the Federal Reserve officials said they were basing their shockingly irresponsible monetary policy on Modern Monetary Theory (MMT). …

The website says they stand for fiscal responsibility, a strong national defense, and transcending party lines. What happened? In the 1994 off-year election, the House of Representatives flipped from Democrat to Republican. After 40 years in the minority, the GOP, led by Speaker Newt Gingrich, were ready to honor their…

A 15% single-rate tax on all income above a livable minimum, would solve all of the tax policy issues. To determine what a plan to permanently fix the federal income tax code would look like, let’s first look at what the goals of income tax policy should be. The first…

In the spirit of compromise, this is the best deal possible. House Speaker Kevin McCarthy and President Biden just announced that they have reached a deal to raise the debt ceiling. While raising the debt ceiling usually occurs routinely, occasionally there are problems. This time there were big problems. McCarthy…

Market manipulation poses a significant risk to the market’s integrity. New images of smoke billowing from the Pentagon, reportedly from an explosion, sent the stock market into a panic this past week. And for good reason. The infamous September 11, 2001 attacks on the World Trade Center and the Pentagon…

Government policy geared toward increasing total supply will grow the economy while putting downward pressure on prices. The U.S. is currently experiencing an economic condition where both high inflation and little or no growth exist. Traditionally, these problems were solved by managing total demand. In 1981, economists realized demand management…

Another 25 to 50 basis point hike will be needed when the Fed meets in June. The Bureau of Labor Statistics just released the Consumer Price Index for April. The CPI increased by 0.4%, bringing the 12-month inflation number down slightly to 4.9%. While moderating inflation is welcome, there are…

The Federal Funds rate must reach at least 6% to finally get rid of inflation. The sooner we get there the better. The Federal Reserve just announced the Federal Funds rate is raised by another 25 basis points, it's the 10th increase since March 2022. While Fed officials have a…