The shutdown recession from February to April 2020 was devastating, and the costly effects of the policy errors since then have been large and long-lasting. There must be a return to the dignity and permanent value of work instead of dependency on government from Washington’s big-government agenda and mandates related to COVID-19. The U.S. labor market is better, but improvements are needed. This is in spite of Congress adding $6 trillion in deficit-spending since January 2020 to reach the new high of $30 trillion national debt. And the Federal Reserve has monetized the vast majority of the new debt, leading to a 40-year high inflation rate. Given high inflation and a stagnating economy, stagflation is here for the first time since the 1970s. Congress and the Fed should stop overspending and overprinting money, respectively, and instead provide pro-growth policies so that Americans can improve their livelihoods.
No-Show No Go
The following commentary is published on Thursdays as part of TPPF’s subscriber-only newsletter The Post. If you would like to subscribe to The Post, click here. This week the U.S. District Court for the Northern District of Texas sided with the novel concept that members of Congress must show up for work to do their jobs. In...