As Senators Joe Manchin (D - West Virginia) and Kyrsten Sinema (D - Arizona) betray their "moderate"…
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Image of the Day: Prescription Drug Prices Aren't the Inflationary Problem

As Senators Joe Manchin (D - West Virginia) and Kyrsten Sinema (D - Arizona) betray their "moderate" charade and join Senate Majority Leader Chuck Schumer's (D - New York) latest tax-and-spend monstrosity, we've highlighted the preposterousness of the claim that imposing drug price controls will in any way address out-of-control inflation.  Price controls will kill innovation, but do nothing to reduce inflation, because prescription drug prices simply aren't the problem.  Once again, economist Steve Moore offers a handy illustration of that truth:

[caption id="" align="aligncenter" width="554"] Prescription Drug Costs Aren't the Problem[/caption]…[more]

August 10, 2022 • 09:13 AM

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86,852 New IRS Employees
By Byron York
Wednesday, August 10 2022
You've probably heard Republicans say the Inflation Reduction Act – the massive spending bill just passed by Senate Democrats – includes provisions to hire 87,000 new Internal Revenue Service agents. The number seems too big to believe. The IRS has just 93,654 employees, according to the Office of Personnel Management. Why would Congress, in one bill, increase the IRS workforce by something like 92%? It doesn't seem possible. It certainly doesn't seem wise. It's not wise, but it is possible. And that is what 50 Senate Democrats, along with tie-breaking Vice President…
 
It's Not a Loophole Just Because Dems Don't Like It
While peddling the ludicrously named Inflation Reduction Act on CNN this past week, Sen. Joe Manchin…
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Manchin Flip-Flops on “Build Back Better” Tax Increases
With Americans increasingly desperate for a life preserver, Senator Joe Manchin (D – West…
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The Washington Fantasy World
An odd atmosphere has descended on Washington, D.C. At the precise moment the government announced that…
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The Democrats' Lifespan Reduction Act
Across the pond, Brits are demanding their next prime minister do something to reduce the U.K.'s notorious…
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Why We Lost Trust In the Expert Class
For years, European policymakers had assured the world that the relatively rapid "transition"…
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The Dems' New Proposal Does Nothing to Lower Inflation
The first thing to remember about the reconciliation bill Sens. Joe Manchin and Chuck Schumer agreed…
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The Ukrainian Verdun
Five months after Russia invaded Ukraine, the war is now reduced to one of attrition. The current dirty…
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Biden’s Weakness Invited Putin’s Aggression
Joe Biden’s shopworn habit of scapegoating Vladimir Putin for consumer inflation and higher gas…
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D.C. Feels Sting of Biden Border Policy
Recently, this column focused on the Biden administration's practice of allowing illegal border crossers…
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Biden Has No Right To Declare a National Climate Emergency
The Washington Post reported Monday night that President Joe Biden is "considering whether to declare…
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Quiz Question   
In what year did the Internal Revenue Service originate?
More Questions
Notable Quote   
 
"Everyone should be deeply troubled by the recent report that the Army is on pace to miss its recruiting goal by dozens of thousands of troops and by the report that followed a few days later, alleging that the Border Patrol is running short of agents in Arizona and Texas. The border is so porous these days that even mayors of sanctuary cities are starting to complain about illegal immigration.So,…[more]
 
 
—Stephen Moore, Co-Founder of the Committee to Unleash Prosperity and a member of President Trump's Economic Recovery Task Force
— Stephen Moore, Co-Founder of the Committee to Unleash Prosperity and a member of President Trump's Economic Recovery Task Force
 
Liberty Poll   

Do you believe the tax increases and hundreds of billions of dollars in new spending in the so-called ‘Inflation Reduction Act of 2022’ - negotiated behind closed doors by Senators Manchin and Schumer - will increase or decrease inflation if passed?