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.

By: The Editorial Board – wsj.com – July 13, 2022 Well, that was ugly. Inflation in June roared to its highest mark to date this year, rising 1.3% for the month and 9.1% over the last 12 months. This means greater declines in real wages and more Federal Reserve tightening that is likely to hit asset prices. No wonder Americans...

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...

We should get something on the record: While President Joe Biden was recently at the beach, he snapped at a reporter who asked about swirling predictions of a coming recession: “C’mon, don’t make things up…now you sound like a Republican.”

“I’m doing my part.” President Joe Biden was talking this past week about gasoline prices. He praised himself while placing blame on supposedly greedy fossil fuel companies.

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...

Biden said in an Associated Press interview that a recession is not inevitable and there’s “zero evidence” his policies drove inflation higher.