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A deeper look at inflation in today’s economy—beyond money printing. Explore how trade fragmentation, geopolitics, tariffs, and industrial policy are driving structural inflation and rising costs in the U.S.

Andriy Onufriyenko/Getty Images

Inflation Has Changed—And So Has Who Pays for It

A familiar conservative argument is back: inflation is the result of government printing and overspending. Too many dollars, too much demand, not enough goods. It is a tidy explanation, one that has the advantage of clarity and a long intellectual pedigree. It is also incomplete.

That story assumes a stable, globalized economy in which production is efficient, supply chains are reliable, and market signals dominate political ones. In that world, inflation can plausibly be reduced to a question of monetary discipline or fiscal restraint. But today’s economy no longer operates under those conditions. Inflation is now driven less by excess demand and more by rising costs tied to trade fragmentation, industrial policy, and geopolitical conflict. These forces are not temporary disruptions. They are reshaping how goods are produced, where they are produced, and at what cost.

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A policy-driven look at AI-era job displacement and how “Transition Launch Pads” can speed reemployment through local hubs, retraining, and employer collaboration.

Getty Images, Bill Pugliano

Layoff Headlines Keep Coming, Policy Answers Don't. Here’s One Solution

Every week brings another round of displacement announcements. Tech companies, logistics firms, financial institutions, retailers — cutting headcount at a pace that no longer surprises anyone. The headlines are routine. What isn't routine — in fact, what is conspicuously absent — is any serious account of what comes next. Not for the companies. For the workers.

That absence is a policy failure, and it is getting more expensive for us all by the quarter. The longer folks remain unemployed, the greater the costs. The individual and their loved ones obviously suffer. The community does as well due to that productive individual sitting on the sidelines and the high costs of sustaining unemployment.

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An in-depth analysis of the U.S. economy reveals how federal budget priorities—shifting toward defense spending and away from domestic programs—are quietly increasing financial pressure on middle-class families despite strong headline numbers.

Getty Images, Maskot

The Math Isn’t Working: More for War, Less for America’s Future

On paper, the economy’s numbers look robust. But for many Americans, the math isn’t working.

A family like Mike and Lisa Hernandez, a middle-class couple in suburban St. Louis, is doing everything right. He manages a warehouse. She works part-time as a dental assistant. They have employer-sponsored insurance, a new house, and two kids. They’re living the American dream.

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The Salary Cap That Doesn’t Exist
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The Salary Cap That Doesn’t Exist

More than 17,500 people fall into homelessness for the first time every week in this country. The workers who help them find their way out earn wages that make it hard to stay in the job. Now the federal government is proposing to cut nearly a billion dollars from the programs that fund that work. The people closest to the crisis are being squeezed from every direction.

The nonprofit sector runs on mission. But it is sustained by people, and right now, the people are leaving.

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