Hope and change strikes again. A provision many are dubbing the “Monsanto Protection Act” was covertly inserted into the Agricultural Appropriations Bill that President Obama signed Tuesday. The provision protects genetically modified food interests from litigation. The provision protects genetically modified seeds from litigation in the face of health risks and has thus been dubbed [...]

The Consumer Price Index remained unchanged in July, a sign that we’re heading into a disinflationary period. Year-over-year inflation is still missing the 2.0% target, topping out at 1.4%. This is another sign of central bank failure. But decreases in energy were offset by increases in food. This is a residual effect from the drought [...]