Once again, the Fed has eased up on its restrictive monetary policy too soon. Late last year the Fed stopped its 75-basis point interest rate increases. Now they stopped all increases. That will contribute to the excess demand and will lead to higher inflation rates. Worse, it is contributing to …

Click to read the rest HERE-> Fed’s Rate Pause Contributes to Harmful Inflation Psychology first posted at Conservative Daily News

The United Auto Workers have begun to strike all three of the major domestic automobile producers. They are seeking a 40% wage increase and other increases in benefits as well as a 32-hour work week. This is not only ridiculous, but it will severely hurt consumers and much of the …

Click to read the rest HERE-> The UAW’s Ridiculous Demands first posted at Conservative Daily News

On Wednesday, the Consumer Price Index for August will be released. It will show a significant increase in inflation, perhaps taking the twelve-month number up to nearly 4%. That will result in the Fed raising interest rates when they meet next week. Also next week, the United Auto Workers will …

Click to read the rest HERE-> Coming: higher inflation, higher interest rates, labor strikes, wage/price spiral first posted at Conservative Daily News

The Federal Reserve’s Open Market Committee will meet again later this month. The popular belief is that the Fed will not raise interest rates. But the latest economic data indicates a rate hike is a distinct possibility. The purpose of these previously very aggressive rate increases is to reduce total …

Click to read the rest HERE-> Latest data points to September interest rate hike first posted at Conservative Daily News

Recently, candidate for the Republican Presidential nomination Nikki Haley suggested that the retirement age be raised. Currently, an individual must be 65 years old to receive Medicare and 67 to receive Social Security. Haley’s position seems to be a very unpopular solution to the problem that both programs will be …

Click to read the rest HERE-> Nikki Haley Is Right About Raising Retirement Age to 70 first posted at Conservative Daily News

Vivek Ramaswamy, the candidate running for the Presidential nomination from the Republican Party, has suggested switching the current progressive federal income tax system, to a flat tax or single rate system. He says that he would tax all income at a single rate of 12%. His idea is great, but …

Click to read the rest HERE-> Ramaswamy’s income tax plan should be tweaked to this first posted at Conservative Daily News

This past week as he marked the one-year anniversary of the Inflation Reduction Act, President Biden said that his economic policies known as “Bidenomics” are working. Assuming the goals of economic policy are price stability, full employment and economic growth, his policies fail. In other words, Bidenomics is not working. …

Click to read the rest HERE-> No Joe, Bidenomics Is Not Working first posted at Conservative Daily News

It appears that some in Washington just don’t understand the basic economics of the healthcare industry. Government meddling in markets has driven up the cost of healthcare and created a situation where many of our nation’s hospitals are closing because they can no longer afford to treat patients. Since January …

Click to read the rest HERE-> Washington woefully misunderstands healthcare economics first posted at Conservative Daily News

The Bureau of Labor Statistics just announced that the Consumer Price Index increased by a modest 0.2% in July. That increased the 12-month inflation rate to 3.2%, a slight increase from the prior month. While the modest CPI number is welcomed, higher inflation is ahead. The annual core inflation rate, …

Click to read the rest HERE-> Inflation Inches Up in July; More Ahead first posted at Conservative Daily News

Fitch Ratings, which is one of the three major credit rating agencies, just downgraded the U.S. debt from AAA to AA+. The last time this happened was 2011 when the debt ceiling stalemate forced the federal government to shut down. Before that, U.S. debt always carried a AAA rating. This …

Click to read the rest HERE-> Fitch US Credit Downgrade Should Be a Wake-Up Call first posted at Conservative Daily News

President Biden recently took a victory lap when the latest economic data indicated the inflation rate for the past year was down to 3%.  This result coupled with an unemployment rate below 4%, was evidence, Biden claimed, that his economic plan, now known as Bidenomics, was a resounding success.  Unfortunately, …

Click to read the rest HERE-> Biden’s inflation reduction victory lap is premature first posted at Conservative Daily News

Two years ago, I warned that the excess demand created by massive government spending and a shockingly irresponsible expansionary monetary policy would lead to high inflation. I warned that if the inflation problem was not confronted immediately and aggressively, a wage-price spiral would result. Today we are witnessing the beginning …

Click to read the rest HERE-> Labor Strikes Unleash Wage-Price Spiral first posted at Conservative Daily News

Employees of Hollywood production companies recently staged a strike. Initially, it was just writers and supports personnel, but then the actors joined in. The main gripe is that producers are making huge profits while most of the workers receive, what they believe to be, small salaries. The workers say that …

Click to read the rest HERE-> SAG-AFTRA strike: Are employees entitled to a share of the profit? first posted at Conservative Daily News

Since the pandemic, it has been extremely difficult for economists to accurately forecast the economy. Most of the reason is due to economic events that have never occurred or occur very rarely. Some of the errors were due to economists allowing a political bias in their forecasts. After three very …

Click to read the rest HERE-> Economists Divided on Future Economic Activity first posted at Conservative Daily News

The US Supreme Court recently said that Affirmative Action is no longer legal.  Affirmative Action (AA) has been used to influence decisions about hiring workers and admitting students into colleges and universities.  Its supporters say AA has improved the lives of millions of minority people.  Its distractors somewhat disagree. Beginning …

Click to read the rest HERE-> Ending Affirmative Action will make the economy more efficient first posted at Conservative Daily News

The GOP must find a common ground position on abortion that appeals, at least somewhat, to the pro-choice voters. Historically this is an issue where common ground is very difficult. Most voters are either Pro-life Republicans who want virtually no abortions at all or Pro-choice Democrats who want abortion available …

Click to read the rest HERE-> GOP must find a middle ground on abortion first posted at Conservative Daily News

Starting last June, I thought the Fed had it right and was fully prepared, as they said, to make price stability their top priority. After seven consecutive substantial interest rate increases, they slowed down. Instead of a seventy-five basis point rate increase they slowed to twenty-five basis points increases and …

Click to read the rest HERE-> Fed’s Pause Will Allow Inflation to Linger first posted at Conservative Daily News

According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) increased by only .1% in May. For the last 12 months, the inflation rate was 4%. That is the lowest number we have seen since March 2021. That will allow the Fed to pause their rate hikes when they …

Click to read the rest HERE-> Inflation is tame in May, but likely to accelerate. Fed must raise rates again. first posted at Conservative Daily News

Since the 1950s, the US majority was generally moderate and leaning slightly to the right (conservative). That changed in 2008. By 2016, the country had moved to the left of center. In 2021 the country moved toward the far left. After the first two years of the Biden Administration working …

Click to read the rest HERE-> The debt ceiling bill shows the country is moving back to the center first posted at Conservative Daily News

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 and the GOP-led House of Representatives had already passed a bill …

Click to read the rest HERE-> The Debt Deal Can and Should Be Passed by Congress first posted at Conservative Daily News