As Senators Joe Manchin (D - West Virginia) and Kyrsten Sinema (D - Arizona) betray their "moderate"…
CFIF on Twitter CFIF on YouTube
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

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Jester's Courtroom Legal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts
Yes, They Spied On Trump
By Byron York
Wednesday, February 16 2022
One of the most contentious claims Donald Trump ever made was his insistence that he had been the target of spying. He made the charge in several different ways. For example, in March 2017, Trump, just two months in office, tweeted: "Terrible! Just found out that Obama had my 'wires tapped' in Trump Tower just before the victory. Nothing found. This is McCarthyism!" Two years later, in April 2019, he was less specific but equally adamant when he said, "There was absolutely spying into my campaign." In August 2020, during his Republican National Committee acceptance speech, he…
 
Biden's Afghanistan Debacle Looks Worse and Worse
While the Biden administration's chaotic and inept withdrawal from Afghanistan was unfolding in August…
Read more...
Biden Administration Pushes Destructive Pro-Union Agenda that Workers Continue to Abandon
In the abstract, labor unions would appear to be enjoying a resurgence in public approval.  …
Read more...
 
Why Ideology Is the Ancient Enemy of Civilization
What ultimately destroyed the evil empires of Nazi Germany and Soviet Russia were bankrupt dogmas. Crackpot…
Read more...
GOP Backward or Forward?
There is a wrenching debate going on inside the Republican Party over the simplest of questions: Should…
Read more...
 
Biden’s Record Poll Collapse Driven by Policy Mismanagement, Not Misfortune
Quick: Name a single situation involving an element of uncertainty – whether domestic or abroad…
Read more...
Russian Appeasement Was a Left-Wing Monopoly
One way of understanding the 2009-2014 Obama Administration policy of "reset" with Vladimir…
Read more...
 
Biden Drags Democrats Down
Most of us see President Joe Biden's falling job approval rating as a measure of his declining popularity.…
Read more...
Time to End Affirmative Action
Americans are fed up with racial preferences. More than three-quarters of Americans believe President…
Read more...
 
Drug Price Controls Reemerge from Biden’s “Build Back Better” Rubble
Regarding the Beatles, it’s often observed that their whole was greater than the sum of their four…
Read more...
Why Putin Has Not Been Deterred
Americans want an autonomous Ukraine to survive. They hope the West can stop Russian President Vladimir…
Read more...
Quiz Question   
Taiwan first came under full Chinese control in what century?
More Questions
Notable Quote   
 
"Small business confidence has hit an all-time low as the majority of Main Street expects runaway inflation and a Federal Reserve that is incapable of engineering a soft landing for the economy, leading to revenue declines and staffing cuts across sectors.The majority of small business owners (57%) taking part in the CNBC/SurveyMonkey Small Business Survey for Q3 2022 think the recession has already…[more]
 
 
—Eric Rosenbaum, Senior Editor, CNBC.com
— Eric Rosenbaum, Senior Editor, CNBC.com
 
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?