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...

By: Dan McLaughlin – nationalreview.com – June 9, 2022 None of the methods for fighting inflation are things Democrats can consider doing. To see this article and subscribe to others like it, choose to read more. Source: www.nationalreview.com/2022/06/why-democrats-cant-handle-inflation/

There’s a risk that U.S. price gains could take much longer than expected to fall.

By: The Editorial Board – wsj.com – June 1, 2022 The White House is finally conceding that it made a political mistake in underestimating inflation, with some officials even offering a modified, limited mea culpa. We suppose that’s progress, but the return of soaring prices after a 40-year hiatus is also an historic policy failure that is worth recounting. It...

JPMorgan Chase CEO Jamie Dimon is warning investors to be prepared for an economic “hurricane.”

So-called experts and elites at the World Economic Forum in Davos this week have some alarming ideas about forced government compliance and tracking. First, Pfizer CEO Albert Bourla expressed excitement over…

By: Phil Gramm & Mike Solon – wsj.com – May 23, 2022 Based on the erroneous notion that all value comes from labor, Marx assumed that the financier, entrepreneur and manager were noncontributing claimants on the fruits of the worker’s labor and that government could displace them and then “wither away” as growth occurred spontaneously. Most subsequent collectivists have assumed the same thing....