Tag: opinions

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Economy

Opinion: The bad news about the economy

Opinion: The bad news about the economy

Inflation, in short, continues to run at near 40-year highs. For the first time since the 1970s, we are at risk of entering a period of worldwide stagflation — meaning high inflation combined with low or negative growth. Notably, the preliminary estimate of America’s GDP for the first quarter of 2022 showed an outright decline, […]

Categories
Markets

Don’t Tax, Set the Rules and Trust the Market

Don't Tax, Set the Rules and Trust the Market

May 10, 2022 12:46 p.m. ET E85 fuel at a gas station in Nevada, Iowa. Photos: Jason Reed/REUTERS Tom Hazelleaf (Letters, May 2) is right about letting markets lead the fight against climate change, but wrong about imposing a carbon tax. Gasoline is the largest emitter by far of new carbon dioxide. The price elasticity […]