Thirty-year mortgage rates were over 7 percent at the end of August 2023, a level not seen (other than two isolated weeks) since 2002. Why are mortgage rates so high? …
Category:
Economy
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Recently, I saw a decal on a car window with the iconic Smoky the Bear image and the caption: “Only you can prevent communism.” In humor, there is also truth.…
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The aimless drift of economic policy continues, as otherwise sensible economists push for the Federal Reserve to raise its inflation target to 3 percent. This will supposedly provide all the…
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A friend recently asked me to assess the stylistic merits of a short essay that his college-age daughter wrote during her competition to become a columnist for a campus newspaper.…
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After more than two years of high inflation, the Federal Reserve finally has inflation back on target. The Personal Consumption Expenditures Price Index (PCEPI) has grown at a continuously compounding…
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A week after the devastating wildfires on Maui, accusations for who and/or what was to blame for the disaster are sweeping through the media faster than the flames that destroyed…
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A decade ago, in his Second Inaugural Address, Barack Obama made the claim that “preserving our freedoms ultimately requires collective action.” And his many proposals, assertions and “victories” as President,…
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The Most Wonderful Time of the Year is almost upon us: It’s just about college football season. People are aflutter about the usual questions about who will win the national…
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In a rapidly evolving digital world, where customers highly value speed and convenience, the Federal Reserve’s latest venture, FedNow, has finally made its entrance. Rolled out on July 20, FedNow…
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David Beito’s The New Deal’s War on the Bill of Rights: The Untold Story of FDR’s Concentration Camps, Censorship, and Mass Surveillance (Oakland: Independent Institute, 2023) is one of at…