Economic forecasters seem to think the worst of the inflation surge may have peaked in March. I’m not sure how anyone can make such a prediction given the uncertainty of a possible World War III breaking out in Europe, new Covid variant outbreaks around the world and in the U.S., and accelerating climate change in … Read more
The inflation report for March came out Tuesday, and the media continued its reckless and irresponsible inflation psychology reporting (Inflationary psychology can become a self-fulfilling prophecy, because as consumers spend more and save less, the velocity of money increases, further boosting inflation and contributing to inflationary psychology.) Is inflation outpacing recent years right now? Yes. … Read more
As Blue Meanie and AZ Mirror have reported, Arizona budget revenues currently project a $5.3 billion budget. If those figures are accurate, this would present a great opportunity for the Governor and all the Legislators to fund important priorities that will move the state forward, expand the middle class, and help the disadvantaged. Note that … Read more
Thanks to all the federal pandemic relief aid provided to Arizona by Congress, which Gov. Ducey and the GQP-controlled legislature want to redirect to corporations and their wealthy campaign contributors in yet another unwarranted tax cut – in direct defiance of the express prohibition in the federal legislation that it be used to backfill budget … Read more
Update to Senate To Call ‘Big Oil’s Slippery Six’ Back To Testify About Their Price Gouging On Gas Prices. The Washington Post reports, House panel grills oil company executives on high gasoline prices: The top executives of “the slippery six” of the nation’s largest oil and gas companies testified before Congress on Wednesday, at a time … Read more