The Federal Reserve seems to take for granted its ability to stop inflation cold. The data tell a very different—and dangerous—story. Inflation is hurtling forward and could become a runaway train. Slow to get on board, the Fed has finally abandoned its previous nomenclature of “transitory” inflation. The mounting evidence is too much for Fed...
Few presidencies have garnered so many self-inflicted wounds in only a year’s time. On President Joe Biden’s long list of unforced errors, energy policy is near the very top, and Americans are paying dearly for it. The benchmark for crude oil in America has crossed $85 a barrel, a seven-year high. Despite being one of...
When conservative students challenged the constitutionality of some practices at the University of North Texas, school officials responded with a demand for the name and contact info of every member of the Young Conservatives of Texas’ North Texas Chapter. Judge Sean Jordan of the Eastern District of Texas said no. Judge Jordan recently issued a...
I don’t recall the first time I heard that Fee-for-Service (FFS) was bad. As an entrepreneur, FFS seemed to be a perfect description of a traded value-for-value transaction between a business and its customers. Fee-For-Service (or Fee-For-Product), to most business owners and customers, describes paying for exactly what you receive. A transparent price is set...
Most of the past forty-eight hours have been spent either in, or en route to and from, the Midland-Odessa region. Far out in west Texas’s Permian Basin, the two cities — towns, really — have a relationship that I still can’t quite unpack. On my last visit, which turned out to be the first time...
The U.S. Department of Labor’s latest report shows inflation raging, with consumer prices rising 7.0% in 2021. At that pace, prices will double in roughly a decade. In only a year, President Biden’s Federal Reserve (Fed) has presided over a four-fold increase in inflation. Despite price stability being the Fed’s duty, its Chairman, Jerome Powell,...
America’s elite institutions of higher education have long remained the home of “woke” ideologies and divisive concepts which most Americans would rebuff. For this tiny fraction of those teaching and being educated at our nation’s elite colleges, the prevailing factors used to describe any type of racial disparities, whether it be in health care, education,...
Twenty-one states rung in the New Year by raising their minimum wage, to as high as $15 per hour in California, thinking it will benefit employees in those states. But the minimum wage does the opposite of helping workers, especially for those who need it. Fortunately, 20 states, including Texas, haven’t raised theirs in more...
Slavery is alive and well today all across the world, and it comes in the form of human trafficking. January is National Human Trafficking Awareness Month. Human trafficking is today’s form of slavery as men, women, and children are recruited and exploited by being forced into labor against their will. There are many forms of...
Since the darkest days of the COVID-19 pandemic, 17 states started or extended school choice programs. Sadly, Texas is not one of them. While the Lone Star State is one of the country’s economically freest, it lags others in important areas, including parental control over children’s education. That must change. The 2023 legislative session presents...
Some things are so unreliable that we have come to rely on their unreliability. Sound confusing? Just look at Washington, D.C. Does anyone really count on the promises or warnings that politicians espouse from the Capitol? No—you count on those promises being broken. Student loan borrowers have been warned for months by the U.S. Department...
Consumers have been shocked and dismayed over the last year with the dizzying and destructive rise of food prices. Meat prices in particular have gone sky-high. In November, beef prices were up over 20%, bacon was up 21%, and pork ribs were up 23% for the year. Some of that increase is due to inflation,...