inflation

Republican Platform Ignores Real Causes of Inflation

Will the Fed Lose Control?

According to new reports from the Social Security and Medicare trustees, Social Security and a Medicare fund that pays for hospital expenses will both begin running deficits in 2035 and 2036. Disappointingly, but not surprisingly, Congress was too preoccupied spending...

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Republican Platform Ignores Real Causes of Inflation

Blame the Fed for ‘Shrinkflation’

President Biden may have recently made history as the first president to discuss snack chips in the State of the Union message. He used snack chips to illustrate the phenomenon of shrinkflation. Shrinkflation occurs when businesses reduce the amount of goods sold in...

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Ayn Rand, Stamps, and Inflation

Ayn Rand, Stamps, and Inflation

Ayn Rand was a novelist and philosopher. Less well known is that she was also a stamp collector. In her 1971 Stamp Journal essay “Why I Like Stamp Collecting,” Rand discussed why she became “hooked” on the hobby. The engaging essay offers several reasons including...

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Republican Platform Ignores Real Causes of Inflation

Soft Landing or Hard Crash?

A clip from the 1990 movie Home Alone where the lead character purchases groceries, household goods, and toys recently went viral because he paid a total of $19.83 whereas today the same purchase would cost over three times as much. Ironically, while this evidence of...

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