Tag Archives: inflation

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 1980 and today in realContinue Reading

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 have mercy, that’d be a “solution” akin to the oldContinue Reading

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 currencyContinue Reading

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 slow-motion default through inflation: The FederalContinue Reading