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: 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

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
Hunter Biden's $2 Million 'Sugar Brother'
By Byron York
Wednesday, May 11 2022
One of the mysteries of the Hunter Biden matter is how the president's son, with no obvious sources of income, manages to maintain a grand lifestyle. For the last year or so, he has been living in a $20,000-a-month rental house in Malibu, California. (The taxpayers are footing the bill for the Secret Service to pay even more, $30,000 a month, to rent the house next door while protecting Hunter.) The younger Biden also likes nice cars; a 2020 photo showed him arriving for lunch at the Waldorf Astoria in a Porsche Panamera GTS, which costs six figures. Federal prosecutors are also said to be looking…
 
WTO Targets U.S. Drug Patents, and the Biden Administration Plots Surrender
Intellectual property (IP) rights – patents, copyrights, trademarks and trade secrets – have…
Read more...
Losing the People? Then Change the Rules
Court packing – the attempt to enlarge the size of the Supreme Court for short-term political…
Read more...
 
Biden Says Kids Belong to Their Teachers
Schools are becoming indoctrination factories, trying to turn children against their country and their…
Read more...
Crony Capitalists Propose a Carbon Tax to … Reduce Energy Costs?
Remember when Joe Biden pitched his "Build Back Better" boondoggle?   He insisted…
Read more...
 
Biden's Ministry of Truth
A federal speech czar? Just as the Founders imagined it, no doubt. Earlier this week, Department of…
Read more...
Justices Ask Whether Left's Wokeness Should Be the Only Religion Allowed in Public Schools
Over the past 60 years, public schools have been scrubbed of religion, stripped bare in the name of the…
Read more...
 
Time To Audit Twitter Censorship
New Twitter owner Elon Musk is vowing to reform the social media platform. "Free speech is the bedrock…
Read more...
How America Became La La Land
America these last 14 months resembles a dystopia. It is becoming partly the world of George Orwell's…
Read more...
 
Do No Harm, Joe Biden
Candidate Joe Biden promised to solve our problems and restore faith in the American government. Today…
Read more...
Biden-Pelosi-Schumer Policies Birthed Runaway Inflation, and They Threaten to Make It Worse
“Putin Price Hike.”   If Joe Biden and his enablers lie regarding a subject as…
Read more...
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?