Inflation

The Democrats writing the IRA decided that since tax credit subsidies do a good job of promoting renewables and electric vehicles, they should do more. They should promote things like union wages, mining and manufacturing, which have nothing to do with climate.

The Inflation Reduction Act will only drive inflation up and put a new burden on Americans.

Every country where green energy has been tried has failed. Fossil Fuels is the only thing that makes this nation a rich country.

With worldwide refinery closures outpacing new construction, shortages and inflation are likely to be the new norm that inflicts regressive expenses upon those that can least afford it, as control of the worldwide refining industry shifts to Asia and Europe.

The Fed’s inability to see the onrushing freight train of inflation that has smacked America shows again that experts know much less than they think.

The government and Fed are over a barrel. The federal debt is now over $30 trillion. But the Fed’s only way to address runaway inflation? Raising interest rates.

The Biden Administration has engaged in an omni-directional assault on our food production system.

Biden appears to lack a basic understanding of what crude oil is used for, as he tinkers with the supply chain of crude oil that supports the lifestyles and economies that did not exist in the decarbonized 1800’s.

Can we guess who will get the lion’s share of all of this DC money? DC’s biggest cronies, of course.

They finally realized they (not Big Oil executives) would be humiliated by reality.

As economist Milton Friedman famously said, “Inflation is everywhere and always a monetary phenomenon.” Alleged inflation remedies should be evaluated on their own merits.

We experienced double-digit inflation between 1974 and 1981, hitting 14% in 1980. The U.S. has dramatically reduced inflation since then.

The recently reported rise in the Consumer Price Index in April of this year to an annualized rate of 4.2 percent has set off alarm bells about the possible danger of serious and rising price inflation looking to the months ahead.