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Does Deflation Crush Consumption?

The main argument against the benefits of deflation are the negative effects that deflation allegedly has on spending and consumption. So what does deflation really do to consumption? And is growth hindered as a result?

Biden pitches spending plan, declares ‘climate crisis is…

President Biden on Thursday, in laying out his administration’s response efforts to Hurricane Ida and wildfires in California, declared that the "climate crisis is here," while pushing Congress to take action in his government spending plan. During remarks…

61% of Americans Pay NO Federal Income Taxes

The numbers for 2020 just came in, and 61% of Americans paid absolutely zero in federal income taxes last year. This is true, but there is a catch. There is another 'tax' that everybody pays,…

Heresy Financial: The Enormous & Hidden Cost of…

In this video, we talk about the rarely considered hidden costs of a needlessly complex tax code. The amount of time, energy, labor, brainpower, money and resources spent on simply navigating the tax code is…

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Gage Skidmore from Surprise, AZ, United States of America via Wikimedia Commons

Report: During Negotiations with GOP Biden Offers to…

President Biden offered to scrap his proposed corporate tax hike during negotiations with Republicans on an infrastructure plan, a source familiar with the matter said Thursday, as the two sides strive to strike a bipartisan…

Frypie, CC BY-SA 4.0 , via Wikimedia Commons

Republicans Prepare to Release $1T Infrastructure Counter Proposal

Senate Republicans are preparing to release details of their $1 trillion counter-proposal to Biden's infrastructure plan. The eight-year proposal would be funded by repurposing unused funds previously allocated for Coronavirus relief efforts. Sen. Roger Wicker,…