State Inflation Tracker: September 2022
Americans are facing the highest inflation rates in decades, making it harder for them to afford everyday goods and more expensive to raise their families. Each month coinciding with the Bureau of Labor Statistics’ release of the Consumer Price Index, JEC Republicans’ State Inflation Tracker estim...
The Economics of Price Controls
Inflation has grown rapidly over the last year and reached a 41-year high of 9.1 percent in June 2022. In response, some policymakers have proposed implementing price controls (in particular, price ceilings) to reduce the cost of inflation for consumers. Instead of sustainably lowering prices, price...
State Inflation Tracker: August 2022
Americans are facing the highest inflation rates in decades, making it harder for them to afford everyday goods and more expensive to raise their families. Each month coinciding with the Bureau of Labor Statistics’ release of the Consumer Price Index, JEC Republicans’ State Inflation Tracker estimat...
New Research Confirms Importance of Social Capital and Two-Parent Families for Upward Mobility
New research from Opportunity Insights shows the importance of social capital for economic mobility. Specifically, “economic connectedness” is strongly associated with upward income mobility for people with lower income.
State Inflation Tracker: July 2022
Americans are facing the highest inflation rates in decades, making it harder for them to afford everyday goods and more expensive to raise their families. Each month coinciding with the Bureau of Labor Statistics’ release of the Consumer Price Index, JEC Republicans’ State Inflation Tracker estimat...
The HOUSES Act: Addressing the National Housing Shortage by Building on Federal Land
The cost of housing is the single biggest expense in the budget of most Americans. Expensive housing can make it harder to start a family, build wealth, and move to places with more economic opportunities. Policies that address the high cost of housing thus have the potential to vastly improve the w...
Supply and Demand Set Gas Prices, Not Corporate Greed
Gas prices have increased over the past 18 months, hitting new records and contributing to the rapidly rising inflation that is making everything Americans buy more expensive. President Biden and others in Congress attribute the price hike largely to the Russian invasion of Ukraine and price gouging...
The Role of Social Capital in Preventing Mass Public Shootings
The United States is unique in our Second Amendment right to keep and bear arms. This right and the resulting hundreds of millions of guns already in circulation in the U.S. necessitate a more nuanced dialog that appreciates the role of social capital in mass public shootings—particularly the effect...
State Inflation Tracker: June 2022
Americans are facing the highest inflation rates in decades, making it harder for them to afford everyday goods and more expensive to raise their families. Each month coinciding with the Bureau of Labor Statistics’ release of the Consumer Price Index, JEC Republicans’ State Inflation Tracker estimat...
Minority Response to the 2022 Economic Report of the President
The Joint Economic Committee is responsible for responding to the Economic Report of the President (hereafter “Report”) as part of advising Congress on policies that promote the objectives of the Employment Act of 1946—to pursue maximum purchasing power, employment, and production. This year’s minor...
