The longer interest rates stay higher, the stronger the case grows for … a carbon tax.
When it comes to the current debate over housing affordability, I feel like my position has been clear and consistent: Twelve years ago, I wrote a book called The Rent Is Too Damn High. At the same time, I also have to admit that most Americans do not share my preferred solutions.
As he announced his latest round of student loan forgiveness last week — the previous one was just last month — President Joe Biden was greeted with an unpleasant reminder of why his policy is not only ill-considered but also ill-timed.
It’s budget season in Washington, which means the politicians are delivering their annual warnings about the looming Social Security crisis.
A decade ago, the US was deep into a misguided elite-driven freakout about the federal budget deficit. Back then, inflation was low, interest rates were low, and unemployment was high.
White House Chief of Staff Ron Klain has taken to tweeting the price of a gallon of gasoline on a daily basis, a habit that’s convenient for him as long as it continues its steady decline.
If there’s anything fans and foes of President Joe Biden’s student loan-forgiveness initiative can agree on, it’s that it doesn’t do anything to address the real issue: the ever-rising cost of college and attendant accumulation of debt.
Most Americans say the most important problem facing the country is inflation — and President Joe Biden just made it worse. His administration announced last week it would extend yet again the emergency suspension of student loan repayments, even as his frenemies on the left are urging a program of complete forgiveness of all student debt.
Russia’s invasion of Ukraine is a much smaller conflict than World War I, and the trade disruptions associated with the U.S./European quasi-embargo on Russia are smaller than the British blockade of the Central Powers. But the clash is nonetheless a giant step away from globalization — and, unlike World War I, it comes at a time when the world has already been moving away from economic integration.
