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AIER’s Everyday Price Index Jumps 1.2 Percent in October
“AIER’s Everyday Price Index posted its eleventh consecutive increase in October on widespread gains. Price pressures remain elevated due to the lingering effects of the pandemic. As these effects fade, price pressures are likely to ease.” ~ Robert Hughes
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Weekly Initial Claims for Unemployment Continue to Trend Lower
“Weekly initial claims for unemployment benefits continue to fall, hitting the lowest level of the recovery. The tight labor market and strong demand will likely keep claims at low levels.” ~ Robert Hughes
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Biden’s Plan to “Tax The Rich” Will Cost the Middle Class
“With huge budget deficits, all it would take would be some future crisis for this tax to look like a good option to policy makers. And once the rich are subject to the tax, you will be next.” ~ Randall G. Holcombe
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The FDA is Back and Coming after Smart Socks
“Considering the FDA regulates nearly 40 percent of all consumer products, its recent actions are a strong cause for concern. As a health economist, I’ll be monitoring the situation closely.” ~ Raymond J. March
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The Great Tax Gap Flap
“Americans do not want to return to the days when they deliberately overpaid their taxes in order to avoid a nasty audit. And certainly any hint that the IRS was auditing middle class Americans for partisan reasons would be revolutionary in more ways than one.” ~ Robert E. Wright
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