HEADLINES

“Americans continue to suffer from rampant price inflation. Since the spring of 2021, inflation
has barreled along at a clip of roughly 8% per year as measured by the most accurate inflation index,
the Chained Consumer Price Index for All Urban Consumers. While the Federal Reserve Board has
turned its attention to bringing down inflation with a series of interest rate hikes, elected officials are
unfortunately treating inflation as a political problem to be spun rather than as a substantive
challenge to be met. Federal lawmakers are making the Fed’s task more difficult by running
pointlessly large federal deficits, policies that might be defensible in a deflationary environment but
are inexcusable in an inflationary one. If lawmakers wish to help fight inflation, they should cut
federal spending and reduce deficits. A good place to start would be by ratcheting back government
benefits for the richest Americans. “

Source: https://www.discoursemagazine.com/economics/2022/11/10/to-
stop-fueling-inflation-stop-paying-rich-people/

Rampant (price inflation)= the inflation price is increasing in

an uncontrolling way.
Federal deficits= the amount of which the US gouvernment’s
spending is bigger than the money it gets from taxes in a
particular year.

"In September, President Biden announced at the North American International Auto Show
in Detroit that his administration is approving funding for 35 states to build electric vehicle
(EV) charging infrastructure. This will be part of a nationwide network of 500,000 public EV
charging stations for which the government has allocated $5 billion.

“The great American road trip is going to be fully electrified, whether you’re driving along the
coast or on I-75 here in Michigan,” Biden said. But much like Biden’s vision of the road trip of
the future, this approach to EV adoption is out of gas. Imposing subsidies and government
mandates to encourage more Americans to use EVs ignores a wide range of harmful
unintended consequences.”

Source:
https://www.discoursemagazine.com/economics/2022/11/01/beware-
the-unintended-consequences-of-subsiding-ev-charging-stations/

Nationwide network= all the PCS Systems and PCS Sub-

Systems built or to be owned and/or operated by the
Owner or its Affiliates in North America.
Subsidies= benefit given to an individual, business or
institution, usually by the government.

“As the dust settles on the 2022 midterm elections, policymakers will be looking to the 2023
legislative agenda for new spending priorities. High on the list is the 2023 farm bill, which
comes up for renewal every five years.

Originally created during the fallout of the Great Depression, the farm bill (officially the
Agricultural Adjustment Act of 1933) was intended to provide financial support to poor
farmers and struggling agricultural workers. Over the decades, the nature of the farm bill has
evolved into a mega spending bill giving handouts to wealthy landowners, breaking down
economic dynamism in the agricultural industry and promoting welfare dependence by
discouraging work.”

Source:
https://www.discoursemagazine.com/economics/2022/11/21/costly-
regressive-and-market-distorting-the-return-of-the-farm-bill/

Great Depression= worldwide economic downturn thet begen in

1929 and lasted until about 1936.
Handouts= a quantity of financial or other material aid given to
a person or organization.