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April 2022

IN THE WAR OF THE STATES THE RED MODEL BEATS THE BLUE

https://issuesinsights.com/2022/04/14/in-the-ongoing-war-of-the-states-the-red-model-beats-the-blue/

One of the genius elements of the U.S. Constitution was its allowance for competing models of success and failure. It did so by giving states great autonomy under the law, while limiting what the federal government can do. In the wake of a massive pandemic and a growing political divide among Americans, we’re seeing that concept work its magic.

Two new reports that look at how the blue and red states and cities have performed during the COVID pandemic show it’s no contest. Those that hewed to the Red State model of lower taxes, less regulation and respect for the rule of law thrived – while those that followed the “woke” blue-state model, built on socialist top-down control, forced equality and divisive racial identity politics, suffered.

One of the new studies, by Phil Kerpen of The Committee to Unleash Prosperity, Casey Mulligan of the University of Chicago, and Stephen Moore of the Heritage Foundation, and published as a working paper by the National Bureau of Economic Research, ranked states by how they performed in three major areas during the pandemic: economics, education, and mortality.

That study, for good reason, has garnered much attention. It shows that red states, in general, beat blue states hands down during the pandemic, largely due to the latter’s dedication to damaging COVID lockdowns.

Supplier prices rose 11.2% from a year ago in March, the biggest gain on record Jeff Cox

https://www.cnbc.com/2022/04/13/producer-price-index-march-2022-.html#Echobox=1649853296

The prices that goods and services producers receive rose in March at the fastest pace since records have been kept, the Bureau of Labor Statistics reported Wednesday.

The producer price index, which measures the prices paid by wholesalers, increased 11.2% from a year ago, the most in a data series going back to November 2010. On a monthly basis, the gauge climbed 1.4%, above the 1.1% Dow Jones estimate and also a record.

Stripping out food, energy and trade services, so-called core PPI rose 0.9% on a monthly basis, nearly double the 0.5% estimate and the biggest monthly gain since January 2021. Core PPI increased 7% on a year-over-year basis.

PPI is considered a forward-looking inflation measure as it tracks prices in the pipeline for goods and services that eventually reach consumers.

Wednesday’s release comes the day after the BLS reported that the consumer price index for March surged 8.5% over the past year, above expectations and the highest reading since December 1981.