Category: Business & Economy

The board agreed to spend $85 million on a law and education building and another $85 million on a research and innovation center.

The Bureau of Economic Analysis released the Personal Income and Outlays data for March last week. Incomes and consumer spending were both up. The data had mainstream analysts crowing about a strong economy and good news for American consumers. But digging into the data reveals a very different picture.

Money printing may bring rising wages, but it also brings rising prices for goods and services. And those increases are outpacing the wage increases. The Federal Reserves response? “We have things under control, and inflation is really Putin’s fault.”