economy
BAIT AND SWITCH: Mamdani’s “Free” Childcare Promise Will Cost 50% More Than He Told Voters
New York City Mayor Zohran Mamdani sold voters on free childcare for every kid from six weeks to five years old, with a price tag of about $6 billion a year, paid for by taxing the wealthy. A new study says the real number is closer to $9…
Economic Pressures: Gas Prices, Inflation, and “Freedom Fuel” Initiatives
As of late July, American drivers were facing renewed pain at the pump, with national average gasoline prices climbing toward or exceeding $4 per gallon. The primary driver is the escalation of U.S. military involvement in the Iran conflict,…
Do Tariffs Cause War? Mises Fellow Explains
Can tariffs encourage foreign conflict?In short, yes, explains Cruz Marquis, a summer research fellow at the Mises Institute, to The New American’s Andrew Muller at the Young Americans for Liberty’s national convention in Cincinatti,…
Kevin Warsh: Fed Has ‘No Tolerance’ for High Inflation
Newly minted Chairman of the Federal Reserve Kevin Warsh testified before lawmakers on Tuesday, promising to bring inflation down and pledging officials have “no tolerance for persistently elevated inflation.” Warsh succeeded Jerome Powell to…
Kevin Warsh: Fed Has ‘No Tolerance’ for High Inflation
Newly minted Chairman of the Federal Reserve Kevin Warsh testified before lawmakers on Tuesday, promising to bring inflation down and pledging officials have “no tolerance for persistently elevated inflation.” Warsh succeeded Jerome Powell to…
Inflation Falls 0.4% in June as Gas Prices Tumble
Inflation finally hit reverse in June. Consumer prices fell 0.4% from May, delivering the biggest monthly decline since the pandemic-era plunge of April 2020 and crushing economists’ expectations for a far smaller dip. The pullback brought the…
Federal Deficit Hits $1.4 Trillion as Spending Keeps Outrunning Revenue
The federal government’s fiscal trajectory continues to deteriorate, despite collecting more money from taxpayers.According to the latest estimate from the Congressional Budget Office (CBO), the bipartisan agency that provides budget and…
Average Price Of New Home In California Hits $1 Quadrillion
SACRAMENTO, CA — Californians struggling to afford the cost of living in the state were hit hard once again, as it was revealed that the average price of a new home in California had now hit $1 quadrillion.Housing costs in the state have long…
White House Promotes Cheap Gas From Opaque “Freedom Fuel” Network
The White House is now promoting cheap gasoline from a branded station network called Freedom Fuel.The timing is not subtle. Gas prices jumped after the United States and Israel attacked Iran on February 28. They later eased from their May peak,…
Dallas Fed Working Paper Links Illegal Immigration Surge to Higher Home Prices and Rents
A new working paper from economists at the Federal Reserve Bank of Dallas estimates that the surge in illegal immigration during the Biden administration accounted for roughly 30% of the nation’s home price growth and 20% of rent increases…