Economists Raise Red Flags Over Trump’s $5,000 Cash Proposal
Vice President JD Vance said the payments would be funded through tariff revenue and targeted toward middle-class Americans.
Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
$6 Diesel: Why Americans Could Soon Pay More For Everyday Goods
California diesel prices are already nearing $8 a gallon, while analysts warn the national average could approach $7.
We Spend A Lot More On Welfare Than Bombs. That’s A Problem.
We spend less on the military than we do paying down the interest on our immense $40 trillion national debt.
Treasury Yields Pause After Sharp Sell-Off As Oil Tops $100
The benchmark 10-year Treasury yield was little changed near 4.94%, while the 30-year yield held around 5.36%
The Fallacy Of Structural Equity: Applying Sowellian Economics To The Modern Civil Rights State
By enacting sweeping programs and taking credit for these preexisting economic trends, the burgeoning civil rights bureaucracy secured a mandate to expand its regulatory reach.
States Increasingly Pulling Rug Out From Under Big Tech With Tax Break Reversals
Ohio lawmakers exempted computer servers and other data-center equipment from sales taxes more than a decade ago to attract technology investment.
No Secretary Bessent, We Aren’t Magically Growing Our Way Out Of Debt
During the first twenty-four years, net saving varied between ten percent to fifteen percent of NNP, while the federal budget was close to being balanced.
Corporatism Goes Global
In the deal, the Venezuela government gives the company a hundred years lease for some oil fields.
Trump Announces Huge Payout For Americans If GOP Wins Midterms
“The only caveat I have is that the dividend that we’re making must be spent in the United States of America,” he said.
San Francisco Mayor Declares Rent Emergency As Housing Costs Surge
Other measures include additional assistance for tenants displaced under the Ellis Act and a proposed 10% annual cap on rent increases in rent-controlled units.
The Unbearable Ignorance — And Arrogance — Of Ro Khanna
In the end, Khanna ends up making a strong case. He makes a strong case that he’s an economic illiterate who should never be anywhere near the levers of power.
A Comment On Profligacy And The Rationing Of Utilities
Rothbard notes that a private firm welcomes increased demand because additional customers mean greater revenue and an incentive to expand operations.
10-Year Treasury Yield Tops 4.9%, Highest Since 2023, As Oil Prices Surge
The increase came despite August wholesale inflation data showing a 0.4% rise, in line with expectations. Core wholesale prices increased 0.2%, slightly below forecasts.
California Has The Nation’s Highest Gas Prices—Who’s To Blame?
Gov. Gavin Newsom took to X on Monday to sarcastically thank President Donald Trump for rising gas prices
Money-Supply Growth Accelerated In July To A 59-Month High
Moreover, measured month-to-month, the money supply has increased during 11 of the past 12 months.
Wholesale Prices Accelerate In August As Energy Costs Rise
The Producer Price Index rose 5.4% over the year through August, up from 4.8% in July.