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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CFIF Joins Coalition Opposing the BRIDGE Act, Legislation that Would Fail to Close Digital Divide Print E-mail
Wednesday, June 30 2021

 ALEXANDRIA, VA  The Center for Individual Freedom (CFIF) today joined a coalition of nearly two dozen free-market organizations on a letter opposing the Broadband Reform and Investment to Drive Growth in the Economy (BRIDGE) Act, introduced by Senators Michael Bennet (D-Colorado), Rob Portman (R-Ohio) and Angus King (I-Maine). The legislation would represent a massive government intrusion into the broadband marketplace while failing to address the root causes of the digital divide, that percentage of Americans who truly lack access to high-speed internet. 

CFIF President Jeffrey Mazzella released the following statement:

“Every American should have access to high-speed internet, but the BRIDGE Act would fall far short of achieving that goal. The legislation’s priority seems to be promoting government-owned-and-operated broadband networks rather than pursuing commonsense, bipartisan policies that would actually get more Americans online. Policymakers should focus instead on partnering with the private sector to bring networks to areas that truly lack them, especially in rural America, and making broadband more affordable for low-income families. 

“Pursuing redundant network builds in areas that already have good broadband access, as the BRIDGE Act would do, is a waste of taxpayer dollars. The legislation also misses an opportunity to streamline permitting and other regulations that needlessly drive up the cost of broadband deployment. 

“We urge lawmakers to set aside ideologically driven distractions like government-run networks and focus on the real task at hand: connecting more Americans who legitimately lack access to high speed internet.”

Read the coalition letter, which was organized by Taxpayers Protection Alliance, here.

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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?