Prices rose 0.3% higher than expected, annual rate at 3.4%
Prices that consumers pay for a variety of goods and services rose more than expected in December, according to a Labor Department measure Thursday that shows inflation still holding a grip on the U.S. economy. The consumer price index increased 0.3% for the month, higher than the 0.2% estimate at a time when most economists […]
Death By Taxation For Gig Economy
The gig economy has exploded in recent years as people seek additional income to keep up with the rising living costs. The government has been attempting to exploit these workers for additional taxes for years. A new law implemented by the Biden Administration will force some businesses to classify gig workers as employees, raising costs […]
Does consumption-led growth exist? – Econlib
Many western experts have argued that China should switch from a model of investment-led growth to consumption-led growth. Some of their criticism of wasteful Chinese investment seems valid, but it’s not obvious that “more consumption” is the way to think about this issue. Some articles give the impression that there is one group of economists […]
U.S. deficit tops half a trillion dollars in first quarter of fiscal year
US President Joe Biden, with Treasury Secretary Janet Yellen, speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022. Jim Watson | AFP | Getty Images The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal year, […]
