In 1974 when Vice President Gerald Ford succeeded to the presidency after Richard Nixon resigned, the country was in a bad economic crisis. The Arab oil shocks of 1973 led to a 300% increase in the price of oil, which translated into inflation of more than 12%.
U.S. Sen. Bernie Sanders has been unable to advance a top-down, government takeover of our nation’s health care system, so like-minded California lawmakers attempted a state version that would have ended private health insurance, forced Medicare participants into a new experimental system, and put the government in charge of Californian’s health care.
Florida lawmakers unanimously approved a bill on Feb. 23 that would require high school students to take and pass a financial literacy course before graduating.
When debt grows so much that people don’t believe the Treasury will pay it, they sell their bonds and buy other things, sending prices through the roof.
In a study sponsored by Yale University — and started before COVID-19 shots were rolled out — researchers tested different messages of how to best persuade people to get injected.
House Democrats have introduced a bill that would, if passed, declare an “unconditional war on racism” while establishing the “Department of Reconciliation” as a new federal agency.
In perhaps the most predictable column of the year, the Wall Street Journal this week featured a column by Walter Russell Mead declaring it's "Time to Increase Defense Spending."
