inflation

inflation

Top Story Weekly Briefing

Memo to Biden critics: We’d all love to see the plan

The attacks on the president are relentless, but the political right offers no plausible policy alternatives Since Joe Biden assumed the presidency 21 ...
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Law and the Courts News Top Story

Costs of incarceration rise as inflation squeezes inmates, families

Across the nation, prison commissaries are raising prices on items that many consider basic necessities — from deodorant to fresh fruit — not provided by the state department of corrections. The markups come as decades-high inflation is also squeezing inmates’ families, making it harder for them to help.  It’s a burden that families shouldn’t have to shoulder, advocates say, and a situation that some worry will lead to unrest or violence.

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Original Commentary Progressive Voices Top Story

US history lesson: Taxes on rich people helped to beat inflation (and win World War II)

North Carolina lawmakers should learn from past national experience and rethink state's fiscal policies Did you know progressive taxes helped beat Hitler? If not, don’t worry, you’re not alone. It’s worth looking back at how taxes helped tackle inflation during WWII and what lessons NC leaders still need to draw from that bit of economic history.

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Must Reads Top Story

New report: How North Carolina’s state budget fails to address the impacts of inflation

The state budget passed for the 2022-23 fiscal year fails to adequately address the impacts of inflation. Even with federal aid and a robust recovery driving higher than expected revenues, the state budget fell short of meeting the challenges created by inflation running at a 40-year-high in several ways...

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Other Voices Progressive Voices Top Story

Endless nonsense about the high price of gasoline

What a lot of complaining I hear about gas prices. I’ve done some myself. I also see a lot of blaming, especially of President Joe Biden. “It’s all his fault.” Hmm, could Russia’s invasion of Ukraine have just a little bit to do with the latest surge in prices at our gasoline pumps? Oil is a dense fuel, moved around with relative ease across the globe.

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Congress News Top Story

Biden pitches a summer gas tax holiday as price hovers around $5 a gallon

WASHINGTON — President Joe Biden on Wednesday called on Congress and state legislatures to provide a temporary reprieve from gas taxes — but members of his own party and Republicans appeared opposed, making it look unlikely on the federal level. In addition, many state legislatures are out of session for the year and aren’t expected to return to their capitals until January.

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Must Reads Other Voices Top Story

What it takes to make ends meet in each North Carolina county

The 2022 Living Income Standard soars to new heights When COVID-19 arrived, few (if any) pundits predicted inflation would become one of the most fretted-over issues in 2022, but here we are. Supply chain disruptions, pent-up demand, war in Ukraine, and myriad other factors have made it harder and harder for many working families to make ends meet.

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Photo from flickr user familymwr (https://www.flickr.com/photos/familymwr/6277787834/), (CC BY 2.0, https://creativecommons.org/licenses/by/2.0/)
Original Commentary Progressive Voices Top Story

Inflation: some facts you should know, and some steps policymakers should take

An economist explains why investments in childcare and eldercare could aid the U.S. economy Inflation is by far the biggest economic concern facing the U.S. economy today. While job growth is historically rapid and survey evidence indicates that workers think now is the best time in years to find a good job, the inflation surge has kept this labor market strength from translating into higher wages and incomes for most households.

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Original Commentary Progressive Voices Top Story

Why is Thom Tillis blocking a Black North Carolinian from the Federal Reserve’s leadership?

Earlier this past month, Senator Thom Tillis tweeted something that no one could disagree with. “During #BlackHistoryMonth, we recognize the experiences and contributions of Black North Carolinians to our state.”  Those are easy words. But, the fact is, Senator Tillis blocked the historic appointment of a Black North Carolinian to the powerful Board of Governors of the Federal Reserve System in the same month.

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Top Story Weekly Briefing

The inflation blame game: Five important facts to keep in mind

The subject of inflation has been on many tongues in the public policy world of late – especially as Republican politicians comb every nook and cranny of the news cycle for topics with which to launch broadsides at the Biden administration. In November, Congressman Ted Budd – a candidate for Richard Burr’s soon-to-be-available U.S. Senate seat – introduced a snarky bill that would “require all personnel in the Biden White House to complete a financial literacy course focused on inflation.”

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Progressive Voices Top Story

Why won’t that uncaring Joe Biden just snap his fingers and lower gas prices?

Hint: It has something to do with the realities of a market economy “In less than a year, Joe Biden has crippled our domestic energy production,” Adam Laxalt (a Republican candidate for a Nevada U.S. Senate seat) tweeted last week. “We’re feeling the effects of Democrat (sic) leadership right now every time we go to the gas pump,” reads a recent fundraising missive from the Nevada Republican Party.

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