FREEDOM LINE BLOG: Image of the Day: As Senate Debates Latest Manchin-Schumer "Build Back Better"…
As Senators Joe Manchin (D - West Virginia) and Kyrsten Sinema (D - Arizona) betray their "moderate"…
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Image of the Day: As Senate Debates Latest Manchin-Schumer "Build Back Better" Iteration, 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="alignleft" width="677"] Prescription Drug Costs Aren't the Problem[/caption]…[more]

August 05, 2022 • 01:26 PM
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Jester's Courtroom Legal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts
It's Not a Loophole Just Because Dems Don't Like It
By David Harsanyi
Friday, August 05 2022
While peddling the ludicrously named Inflation Reduction Act on CNN this past week, Sen. Joe Manchin claimed that Democrats were merely trying to "close the loopholes and collect the taxes that are owed to the Treasury and the United States people." In Washington, a "loophole" is a euphemism for a perfectly legal policy that Democrats have decided they want to regulate or tax. The word "loophole" suggests that some ambiguous wording or omissions in the text of a bill have allowed people to exploit the law. Few of the Democrats' "loopholes" meet this definition.…
 
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Quiz Question   
Taiwan first came under full Chinese control in what century?
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Notable Quote   
 
"Republicans on Sunday heaped scorn on Democrats for passing a multibillion-dollar economic package, warning that it would come back to haunt them in the November midterms.'Democrats will pay the price in November for raising taxes on families during a recession,' Republican National Committee (RNC) Chairwoman Ronna McDaniel said in a statement.Her statement reflects criticism among Republicans that…[more]
  
 
—Bradford Betz, Fox News
— Bradford Betz, Fox News
 
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?