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.
Economy
The Ginn Texas Report: Insights into the Lone Star State’s Economy
Texas is a leader in the economic recovery from the severe spring 2020 shutdown recession. Texans have overcome many challenges especially since the state was fully opened in March 2021, without statewide mask, closure, or vaccine mandates since then—as these should be voluntary. The 87th Texas Legislature supported the recovery with the passage of many...
May 9, 2022