July 28th, 2022 10:33 pm
Image of the Day: Something Else Defying Inflation? Internet Service.
We recently highlighted how prescription drug costs defy today’s otherwise out-of-control inflation, which makes it all the more odd that the Biden Administration and the Pelosi-Schumer Congress seek to impose drug price controls (which will suffocate future innovation, not relieve consumers).
Well, federal government statistics identify another critical consumer product that defies inflationary pressures, yet also remains the target of Biden Administration efforts to expand the federal regulatory state: internet service. Something of which legislators and regulators must remain mindful as yet another destructive “Net Neutrality” campaign looms.
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