Tag Archives: inflation

Opinion: Debunking Four Myths About Inflation


Robert Reich, RobertReich.org The truth about inflation is getting covered up by countless myths spewed by corporations and their political lackeys. Here are the facts: Fact #1: Inflation is not being driven by wage increases Although wages have been rising, they’ve been rising more SLOWLY than prices. Hourly wages grew by …

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California Taxpayers To Receive ‘inflation relief’ Payments

Gov. Gavin Newsom

California state leaders have reached a budget agreement to send inflation relief payments to 23 million Americans, amid soaring inflation and rising gas prices. “The centerpiece of the agreement, a $17 billion inflation relief package, will offer tax refunds to millions of working Californians. Twenty-three million Californians will benefit from …

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President Biden Backs Gas Tax Holiday

gas prices

President Joe Biden on Wednesday called on Congress and state legislatures to provide a temporary reprieve from gas taxes — but members of his own party and Republicans appeared opposed, making it look unlikely on the federal level. In addition, many state legislatures are out of session for the year …

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Biden Says Inflation Is His ‘Top Domestic Priority’

President Joe Biden

President Joe Biden pledged Tuesday to make a fight against inflation his top domestic priority while rebuking Republican economic proposals he said miss the mark — zeroing in on Florida GOP Sen. Rick Scott. Despite low unemployment numbers and the Federal Reserve steadily raising rates, everyday costs from gas to …

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Fed Raises Interest Rates for First Time Since 2018

Jerome Powell

The Federal Reserve announced that it is raising interest rates for the first time in three years to help bring the skyrocketing inflation under control. “With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain …

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