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
Joe Biden and the Powerless Presidency
By Byron York
Wednesday, June 15 2022
There's no doubt inflation is the nation's most pressing concern. All the polls show it. All the data shows it. And everyone just personally knows it. President Joe Biden will not admit that his policies, and his party's policies, have made inflation worse – and that, if Biden and congressional Democrats had their way, they would make it worse still. He just can't say that. Instead, the president's reaction has been a mixture of denial, finger pointing, ineffective gestures and, perhaps most of all, the argument that he, as president, is virtually powerless to address the nation's…
 
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The bigger government gets, the more it micromanages our lives, the more Americans distrust it.  …
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President Joe Biden has written an op-ed for The Wall Street Journal detailing his plan to fight inflation.…
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Quiz Question   
Taiwan first came under full Chinese control in what century?
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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?