In my previous two columns I reviewed the basic economics of price ceilings and price floors. In this column, the third in
Advanced estimates suggest real output declined for a second straight quarter in 2022, prompting many to debate whether we are in a
Reprinted from Inside Sources The U.S. Senate just announced legislation within Medicare Part D with the headline “lower prescription drug costs for beneficiaries
The Biden Administration is turning to historical precedent in its recent attempt to redefine the meaning of the term “recession.” Unfortunately, that
The final July results from the University of Michigan Surveys of Consumers show overall consumer sentiment remained near record lows (see first
Reprinted from EconLib Prices are rising at the highest rates in 40 years. The Federal Reserve’s overly expansionary policy is the main culprit. Yet
Economic fluctuations can result from swings on the demand side (total nominal expenditures) or the supply side (general productive conditions). Countercyclical policy
Reprinted from the Future of Freedom Foundation Leonard E. Read, the founding and long-serving first president of the Foundation for Economic Education (FEE),
With Thursday’s abysmal 2nd quarter GDP number, the US is officially in a recession. The path to a soft landing for the
