U.S. annual economic growth measured just 1.6 percent in the first quarter of 2024, following a report of persistently high inflation in March of 3.5 percent year-over-year. The combination of both low growth and high inflation, in conjunction with continuously high amounts of government spending and debt, has led to signs of stagflation in the U.S. economy, which wreaked havoc on U.S. consumers throughout the 1970’s, according to experts who spoke to the DCNF.
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Biden Border Policy Critics Lament ‘Migrant Crime Wave’
House Homeland Security Committee Chairman Mark E. Green blasted President Joe Biden for the wave of illegal immigrants entering the U.S., saying a “migrant crime wave” is sweeping the country.
Read MoreRunaway Inflation ‘Unlikely’ to be Reeled in Under Biden Administration, Experts Say
by Will Kessler As long as President Joe Biden continues his high government spending policies, inflation is not likely to return to previously normal levels without seeing economic repercussions, according to experts who spoke to the Daily Caller News Foundation. The last time the Consumer Price Index (CPI), a…
Read MoreCATO: Michigan Seventh Freest State in the Nation
Michigan ranked 7th nationwide in the CATO Institute’s 2021 Freedom in the States report.
The rankings use 230 metrics to rank states on how their policies promote freedom in fiscal, regulatory and personal realms. The Wolverine state advanced two spots from 2018 and four since 2016.
Michigan’s tax burden is 5.9% of adjusted personal income, while government debt is now below average at 15.9% of income.
Read MoreRural Oregon Counties Want to Secede From State to Join ‘Greater Idaho’
Conservative Oregonians are trying to leave the increasingly left-leaning state all together to preserve their values – but not by moving elsewhere. A group called Move Oregon’s Border is leading an initiative to have Oregon’s rural counties secede from the rest of the state and join Idaho, Fox News reports.
Mike McCarter, 72, a lifelong Oregonian, retired plant nursery worker and firearms instructor, has been leading the separatist movement for almost two years. He said he and many others are eager to “get out from underneath the chokehold of Northwestern Oregon.”
Read MoreCommentary: Cato Forgets to Tell People This About the Jones Act
Good people still make bad mistakes.
One example is the Cato Institute’s attacks upon the Jones Act. The libertarian think tank should be appreciated for some other efforts, but not for its strident campaign to let foreign interests take over water transportation within the United States.
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