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Economic Expansion Continues Despite Ominous Weaknesses
Although today's report shows retail sales were weak at the end of last year, they remain up from both a year ago and from...
Federal Ban on New Oil and Gas Leases Would Cost Western States Billions, Says...
President-elect Joe Biden issued a campaign promise to halt new oil and gas leases on federal lands. Such a ban, if actually imposed by a Biden administration, would cost eight Western states an estimated $8.1 billion in tax revenue and $34.1 billion in investment in just the first five years of its existence.
Prices Rising As Effects of Inflationary Policies Kick In
Prices are rising rapidly. For the six months ending in November, consumer prices rose at a 4 percent annual rate. The Fed will correctly point out how this is a makeup for prior declines. However, in December oil prices rose by 4 percent and commodity prices were up 2 percent. The value of the dollar fell by 3 percent.
If the economy continues to soar throughout this coming year, as I expect it will, the upward pressure on prices will continue.
The Year Teachers Unions Killed the Goose That Laid the Golden Egg
By Stephen Frank
"Teachers unions, and the (largely Democratic) politicians they back, have relentlessly limited parental choice in the name of maximizing the autonomy of...
President Donald Trump Issues Order to Study the Economic Effects of Ending Fracking
Days before the presidential election, President Donald Trump signed an executive memorandum directing the Department of Energy to study what the economic and national security effects of banning hydraulic fracturing would be.
Americans Divided on the Most Important Issues. Here’s Why.
By Richard Ebeling
The recent presidential election confirms and reinforces what many political observers and common citizens have increasingly known and noted: Americans are seriously divided...
China’s Green Offensive: The Paris Climate Agreement
Several well-funded, environmental advocacy groups lobbied and advised the Obama administration on joining the Paris Climate Agreement without disclosing their close ties to the communist government in Beijing.
Energy and Race: The Media’s New Intersectionality
Energy divides the Left and Right, but not in the most obvious way. The Left sees energy as a means of controlling society and the “commanding heights” of the economy, to use a Leninist phrase. The Right tends to see energy as an important sector of the economy, but not an economic control knob – with one important exception: Donald Trump.
The Battle for California Is the Battle for America
By now, this is a familiar story. California is a failed state. Thanks to years of progressive mismanagement and neglect, the cities are lawless...
How Policymakers Can Be a Friend to Small Businesses and Main Street
At the first presidential debate last month, former Vice President Joe Biden declared that the Trump administration “has done nothing for small businesses.”
From the perspective of...