inflation

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    How High is NC’s Gas Tax? and why….

    How high is the gas tax in North Carolina?  Well, for starters, lets go back to 1980 when the tax was only 9 cents per gallon.  If we adjust that for inflation, that is 26 cents today. Today the state’s gasoline tax is 36.5 cents per gallon.  The difference between…
    Sarah Curry, October 23, 2014
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    Theory: any story with “trillion” in it contains more bad news for the American people

    That’s my operating assumption after just a little over a week into 2013 (examples here and here), though my concern is much older. Here’s the latest — an idea to “solve” the debt crisis by having the U.S. Mint print a trillion-dollar platinum coin. God…
    Jon Sanders, January 8, 2013
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    No wonder you’re feeling the pinch: 2011 inflation of 8 percent for everyday purchases

    Given that the Federal Reserve is now the nation's largest creditor, through expansions of the money supply, one should hardly be surprised that prices are rising. Although the inflation tax has not reared its ugly head so much in the last couple of years, more reports are coming in that the devaluation of the currency has arrived. The American Institute for Economic Research (where I worked in 2009) has shown a particular interest in this development, and they're publishing a new measure, one which they call the Everyday Price Index. This only measures frequent purchases—once per month or more—which accounts for almost half of all spending but excludes big ticket items such as household appliances, automobiles, and houses. AIER has chosen these items because individuals have less ability to avoid or put them off. Additionally, one cannot plan well for them, and therefore price changes will have a greater impact on people's wallets. These particular price changes also explain, to a large degree, people's experiences and perceptions the best, since they are the prices they deal with most regularly. For this refined measure, AIER finds an inflation rate of 8 percent between 2010 and 2011—compared with 3.1 percent for the official, published rate (the Consumer Price Index). This finding caught the attention of media outlets across the country, including the Wall Street Journal. Here is their concise overview and analysis: http://youtu.be/YHZtKXquxoM
    Fergus Hodgson, March 16, 2012
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    Obama visits NC – Will revisits Obama

    George Will’s latest column is brilliant.  It is difficult to pick one passage to highlight here.  I’ll do it anyway. During the debt-ceiling debate, The New York Times, liberalism’s bulletin board, was aghast that Republicans risked causing the nation to default on its debt. Now two Times columnists endorse…
    Terry Stoops, September 14, 2011