inflation

Why the world economy might change forever.

As inflation rises and the economy slowly falls apart, we also learn important things.

Despite more than $2 trillion in spending on renewables over the past three decades, there is scant evidence that an energy transition is underway

Prices went up by 0.4% in September, which was faster than economists thought and shows that higher interest rates aren't doing the trick.

The Bureau of Labor Statistics of the U.S. government released new data on price inflation today, and it wasn't good. Before taking into account seasonal changes, the Consumer Price Index (CPI) showed that inflation rose 8.3% year over year in August, according to the BLS. That's the seventeenth month in a row that inflation has been higher than the Fed's arbitrary target of 2%. It's also the sixth month in a row that prices have gone up by more than 8%.

Anthony Dominicis, a retired special agent, wants to reassure people in the United States that the IRS is not going to come after them with guns.

Senate Democrats were slammed by top Republicans for trying to pass a $740 billion package that would spend money on energy and health care while raising taxes on corporations. The chair of the Republicans warned that the midterm elections would hurt President Biden's party.

Sunday, Democrats in the Senate passed a bill that dealt with energy, taxes, and health care by a razor-thin margin, sending the bill to the House of Representatives.

Jared Bernstein, the White House's chief economist, said that the Biden administration's use of the word 'transitory' to describe rising inflation gave Americans the wrong idea that price increases would be short-term.

When we talk about problems in the supply chain and shortages, we hide how important prices are.