Opinion
It’s time to rethink the Fed’s 2% inflation target – and the system behind it
Moving toward a more market-based, adaptive mechanism for inflation management could be a more effective long-term solution.
News
NC overrides governor’s veto to enact law banning federal digital currency
The North Carolina General Assembly has taken the final steps to approve a bill that bars the federal government from executing a central bank digital currency in the Tar Heel State in the event that the Federal Reserve moves forward with the controversial addition to our monetary system. The Senate reconvened Monday in Raleigh and...
News
NC House overrides governor’s veto on CBDC bill, Democrats flip stance
One month after supporting legislation restricting the implementation of a central bank digital currency in North Carolina, Democrats voted against overriding the governor’s veto of the bill during a House floor vote on Wednesday.
Opinion
False signals and recession — are recessions a natural occurrence in capitalism?
With two consecutive quarters of negative GDP growth recorded for the first half of this year, most agree that our economy has slipped into recession. But few will agree on its cause. Given the Biden administration and others’ attempts to blame skyrocketing price inflation on multiple factors besides its true cause, opponents of a free-market economy will attempt...
Opinion
Forbes says inflation woes should surprise no one
Count Steve Forbes among those who are unsurprised about today’s high inflation rate. “The surprise was how long it took to come,” said Forbes, chairman and editor-in-chief of Forbes Media and a two-time Republican presidential candidate. “The Federal Reserve was debasing the dollar or undermining its value before the COVID crisis. It went on a...
Video
Locke’s Mitch Kokai analyzes report of 9.1% inflation
Mitch Kokai, John Locke Foundation senior political analyst, discusses the new report documenting a 9.1% increase in the Consumer Price Index for the year ending June 2022. Kokai offered these comments during the July 15, 2022, edition of PBS North Carolina’s “Front Row with Marc Rotterman.”
Opinion
Will Joe Biden really go stag?
Soaring prices. Social unrest. A resurgent Russia. A military withdrawal followed by the collapse of a pro-American regime in Asia. A feckless and unpopular Democratic president. Today’s parallels to the 1970s are obvious, ominous, and oft-observed. But we’re not quite there yet — and it isn’t just because skinny jeans continue to outsell bell bottoms....
News
Five policies that are driving up prices, and what we can do now
The Federal Reserve announced an increase in interest rates Wednesday, the largest increase in a single meeting in nearly 30 years. The Biden Administration is blaming Putin and says inflation is global. Economists tell a different story.
Video
Steve Forbes laments Biden administration’s poor response toward inflation
Steve Forbes, chairman and editor-in-chief of Forbes Media, discusses his new book, “Inflation: What It Is, Why It’s Bad, and How To Fix It,” co-authored with Nathan Lewis and Elizabeth Ames. Forbes pans the Biden administration’s approach toward today’s inflation problem.
News
Tillis, GOP Senate banking members send letter of concern over Fed nominee
GOP Senate Banking Committee members, including U.S. Sen. Thom Tillis, R-N.C., sent a letter to President Biden on Thursday, March 3, with continued concerns of the president’s selection of Duke University Law Professor Sarah Bloom Raskin for Fed Reserve Board vice chair of supervision. Raskin, a Duke professor since 2017, served in the Obama administration...
Opinion
Is identity politics a distraction?
If I were part of the ruling elite and wanted to keep people divided and misdirecting their anger at each other instead of me, I could think of nothing better than to convince people to focus obsessively on race. Looking at it through this lens, it may well be that the race-centered “woke” movement is...
Opinion
Trusting healthy North Carolinians to choose about reopening our economy
The professional left’s work-equals-death argument is an irresponsible misrepresentation of the movement to reopen North Carolina’s economy, which has been devastated by state and local government mandated shutdowns and the resulting job losses and business closures. The argument implies a profound lack of trust in our fellow North Carolinians to make wise decisions about themselves...
