In our crowded media ecosystem, the biggest story of the week is one the White House is hoping you won’t notice. Inflation grew by 5 percent last month, the sharpest increase in 13 years.

It felt like a gut punch. That’s how South Dakota small business owner Laurie Cox described how she felt when news broke that Canadian developer TC Energy officially pulled the plug on the Keystone XL pipeline.

Major economic indicators and comments from the likes of Home Depot and Costco suggest that inflation is quite real.

There may be a method to President Joe Biden’s madness. Or maybe there’s just a madness to his method.

President Joe Biden released his budget for the new fiscal year last week, and while many words could be used to describe its far-left policy proposals, perhaps the most important is “reckless.”

President Joe Biden just proposed the largest budget (as a percentage of America’s economy) since the country was fighting Nazi Germany, Imperial Japan and Fascist Italy.

The president’s plans to invest in infrastructure, education, health care and more would push federal spending to its highest sustained levels since World War II.

It’s baaaaack! Inflation—the curse that helped make the 1970s a miserable decade—is finally showing up in official government data, though consumers have been encountering it for several months now.

America’s fiscal house is not in order. The government spends trillions more than it takes in every year. For decades, our politicians have been more concerned with making speeches and raiding the treasury than sound economics and fiscal responsibility.

Inflation is a regressive tax on the middle class and the poor. It destroys real income in order to reduce the real cost of debt service — until creditors revolt, and demand an extra risk premium for lending to profligate governments.