Washington’s reckless spending comes with a cost to US taxpayers. While the fed may simply roll over their debt and issue new debt to pay off the old, the American public is on the hook for immediate liquidity every single year via taxation. The misconception that Biden would only target the wealthy needs to be […]
Blue states that implemented minimum wage hikes are seeing a drastic rise in food prices. Fast food chains like McDonald’s, Chick-fil-A, Chipotle Jack in the Box, Burger King, Domino’s, and more have reported menu item hikes in places like California that now require a much higher minimum wage. This comes at a time when fast-food […]
Home prices in the US are near all-time highs. As I repeatedly stated, we can no longer look at real estate on the national level. Demand and value are contained to certain states and areas of certain states that the public has deemed most desirable, largely due to political factors such as taxes. Yet, at […]
“I don’t see the ‘stag’ or the ‘-flation’,” Fed Chairman Jerome Powell said during his Wednesday address. Powell believed inflation would be “transitory.” He believed that the economy would come down for a “soft landing.” He believed we would enter the year and see numerous cuts due to waning inflation coming closer to the fictional […]
Finance ministers from France and Brazil are urging the G20 to implement a minimum 2% tax on billionaires in an effort to fight climate change and poverty. Everyone cheers when the suggestion is to tax someone else, but feigns shock when the rules expand and everyone experiences rising taxation. Global collaborative efforts such as war […]
https://www.armstrongeconomics.com/wp-content/uploads/2019/01/Thatcher-on-Taxes-Duty-of-Government.mp4 Fed Chairman Jerome Powell essentially said he was unimpressed by the “strong” jobs report, and it certainly was not enough for the central bank to even consider dropping rates. I wrote how the BLS report was skewed; Americans are working more than one job and still struggling to keep up with the cost of […]
The Consumer Price Index (CPI) released on April 10 by the US Bureau of Labor Statistics reported that inflation rose by 0.4% on a monthly basis and by 3.5% on the yearly. One must only look at their bills, items in the store, or open their eyes to see that the cost of living in […]
The year 2015 was not long ago, and yet the entire world economy has changed. Central banks mismanaged monetary policy through arbitrarily low interest rates and continuous printing to appease the bigger issue—fiscal policy. Fiscal policies are all but nonexistent in most of the modern world, and government spending has become one of the largest […]
Biden is destroying the financial future of generations with his reckless spending in an attempt to buy votes. Fed Chair Powell nearly admitted it in his interview with 60 Minutes in which he urged the government to show restraint when plunging the nation deeper into debt. Biden and the Democrats are cheering that he will […]
One thing that analysts fail to explain is that Americans have begun working multiple jobs since the COVID pandemic that wrecked the global economy. Nonfarm payrolls increased 303,000 in March, but there are millions of Americans holding multiple jobs who can still not keep up with the cost of living even with wages up 4.1% […]
