By: Phillip W. Magness – wsj.com – July 27, 2022 The Biden administration appears to be preparing for a recession—or rather, for news of one. Rather than tackling the underlying economic problems, the White House is playing word games. Economists have long defined a recession as “a period in which real GDP declines for at least two consecutive quarters,” to quote...

One economist instantly took the air out of the administration’s argument about what constitutes a recession.

Sri Lanka is an example of how easily ill-advised economic policies can turn a fairly prosperous country into one that is literally out of gas.

New Hampshire Governor Chris Sununu (R) predicted that a recession is coming and blasted Treasury Secretary Janet Yellen, claiming “she’s completely misled America” and should be fired.  

By: The Editorial Board – wsj.com – July 4, 2022 It’s embarrassing for the leader of the free world to sound like he’s channeling Hugo Chávez. A Chinese state media flack praised Mr. Biden’s tweet: “Now US President finally realized that capitalism is all about exploitation. He didn’t believe this before.” Or maybe he did, and nobody wanted to believe...

President Joe Biden and his economic advisors are dreaming up ways to fight rising gasoline prices. The steps they are reportedly considering would not just be worthless, they would be counterproductive.

Chair of the Federal Reserve Jerome Powell contradicted Wednesday claims from President Joe Biden’s that “Putin’s price hike” is to blame for record high inflation.

By: David R. Henderson & Casey B. Mulligan – wsj.com – June 22, 2022  Most discussion about the possibility of recession focuses on the Federal Reserve’s monetary policies. But there are also factors on the supply side of the economy that may tip the U.S. economy into a recession. Among them are the tax and regulatory policies of the Biden administration. A...

The Federal Reserve Bank announced a 75 basis point interest rate hike on Wednesday, a 50 percent greater increase than the central bank had initially signaled it was going to make for June.

By: Wayne Stoltenberg & Merrill Matthews – wsj.com – June 8, 2022 Oil and gas prices on the New York Mercantile Exchange are at five-year highs. But many publicly traded producers are pursuing a strategy that looks like “orderly liquidation”—only maintaining or modestly increasing production volumes. Meanwhile, they are returning significant cash to shareholders in dividends and share repurchases. Devon Energy recently issued...