California’s Decline: A Warning to America

Core CPI Prints Cooler Than Expected Despite Biggest Jump In Energy Prices Since 2005 While PCE showed some signs of higher energy prices leaking into inflation prints, it was still February data. As we previewed, today's CPI data is for March and will bear the full brunt of the Iran War's impact on energy costs after Core CPI fell to its lowest in four years in February. The headline CPI soared 0.9% MoM (as expected) and while it was a big MoM jump, Consumer Prices rose 3.3% YoY (up from +2.4%...

What Causes Stagflation? Authored by Frank Shostak via The Mises Institute, In the late 1960’s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to Friedman, expansionary central bank policies set the platform for lower economic growth and a higher rate of inflation (i.e., stagflation). A famous case of stagflation occurred during the 1974-75 period. In March 1975, industrial production fell by nearly 13 percent year-on-year while the yearly growth rate of the consumer price index (CPI) jumped to...

What Susan Rice Really Meant By Her Retribution Threat Via The Daily Signal, This is a lightly edited transcript of today’s video from Daily Signal Senior Contributor Victor Davis Hanson.  Susan Rice, the former U.N. ambassador under the Obama administration, national security adviser, and also served in various capacities with former President Joe Biden, gave an interview on a podcast with Preet Bharara. He is that very liberal federal prosecutor that developed quite a name for himself in New York, going after, I think, targeted a lot of people based on their...