EJ Antoni
Heritage Foundation
Washington, DC, United States
Contact EJ
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Past articles by EJ:
When Government Policy Hits Home—And Your Wallet
If you think public policy doesn’t really affect you or your family, take a quick glance at your retirement account—but you may want to sit down first. Those accounts have taken a beating lately because of the misguided policies emanating from Washington, D.C., and the result is a dramatic reduction in wealth for the average American family. Public policy debates about spending, regulation,… → Read More
GDP Report Reveals Ominous Great Depression Warning Sign Not Seen Since 1932
The latest numbers from the Bureau of Economic Analysis show that the U.S. economy grew by 2.9 percent in the fourth quarter of last year, and 2.1 percent for 2022. While the White House was quick to take credit for the state of the nation’s economy, they might want to think twice. This latest report should have alarm bells ringing, not trumpets sounding. → Read More
The Fed Is Punishing Americans for the Problems It Created. It’s Time to Rein It In.
The Federal Reserve has become borderline schizophrenic and downright destructive toward the American people. First, it created trillions of dollars to feed the government’s out-of-control spending, bringing sky-high inflation. Now, in an attempt to fix the inflation problem, it has chosen to go after the American people instead of cutting off the government from its credit addiction. It’s time… → Read More
Wokeness Is Slowly Hollowing Out the Fed
Are you wondering why checking out at the grocery store these days feels like making a mortgage payment? This week’s four-decade-high inflation is a direct result of the Federal Reserve taking its eye off the ball over the last two years. Instead of focusing on its mandate of keeping prices stable, it has been more concerned with financing massive federal deficits and kowtowing to liberal… → Read More
“Wokeness” at the Fed Could Easily Create Another Banking Crisis
You expect your money to be safe in a bank, but if the Federal Reserve gets its way, that may not be the case soon. That’s because the Fed, which has a tremendous amount of regulatory power over the nation’s financial institutions, has begun using its authority to put politics before fiscal stability. If the Fed’s New Year’s resolution was to destabilize America’s financial system, it’s off to a… → Read More
December Jobs Report’s Real Numbers Are Anemic Not Robust. Here’s Why Americans Should Be Wary
It’s a new year, a new month, and a new round of misleading statistics from the Biden administration. While the White House was quick to tout the December jobs report as a success story, there is little to celebrate. Their upbeat claims are based on increasingly questionable data. The first red flag comes from the differences in the two surveys used to compile the jobs report: an establishment… → Read More
There’s One Thing Picking Americans’ Pockets This Christmas—Biden’s Inflation
At least the Grinch had the courtesy to wait until Christmas Eve to begin his thievery. No such forbearance has been granted consumers this year, with inflation long since having put a damper on the season of giving. If you’re feeling the pinch, you’re not alone. Although the White House is cheering a 7.1% inflation rate as some kind of achievement, there is not much joyfulness is so horrific a… → Read More
Why No One Should Rejoice Over Biden’s Still-Awful Inflation Numbers
If you listen to the White House, the latest inflation data is cause for celebration, like an early Christmas gift to America. Yet nothing could be further from the truth. Inflation is still crushing American families, and there’s no financial cause for rejoicing—a sad situation during the holiday season. → Read More
Blaming Consumers for Inflation Makes No Sense—Here’s the Real Culprit
If you want to know what it means to add insult to injury, look no further than Treasury Secretary Janet Yellen. In a recent late-night interview, she blamed inflation on consumers spending too much. Not only was Yellen complicit in creating inflation, but now she has the impudence to blame the American people who are suffering from her disastrous decisions. → Read More
Federal Reserve Running Money Printing Press in High Gear
Imagine an arsonist blaming you for the blaze he started at your house. Sound far-fetched? Well, that’s essentially what happened recently when a member of the Federal Reserve blamed workers’ pay increases for causing inflation. The Fed has the correlation correct but not the causation. It’s true that wages tend to rise quickly in periods of high inflation, but it’s not the wage increases that… → Read More
Looks Like the Inflation Grinch Plans To Stick Around. Buckle Up, America
If you're hurting from inflation this holiday season, you’re not alone. Businesses are getting crushed too. In the last 12 months, prices paid by businesses rose 7.4 percent, according to the latest producer price index (PPI) data, used to measure "wholesale inflation." Shoppers and sellers alike are victims of this modern-day Grinch. → Read More
The Fed’s Scheme To Crush Inflation Is Running on Borrowed Time
In a classic case of outsmarting themselves, the economists at the Fed seemed to have found a way to create money for the government to spend while avoiding the negative consequences, chiefly inflation. But the ramifications of this monetary malfeasance were only delayed, not denied. To understand why, we need to go back to the last time the Fed avoided massive inflation after record-setting… → Read More
The Never-Ending Story of Biden’s Student Loan Moratorium
No matter how many times Lucy pulled the football away, Charlie Brown kept thinking the charade was over, but fans of the “Peanuts” cartoon knew better. It’s like President Biden’s latest extension of the student loan moratorium—which came after he had promised, yet again, that he wouldn’t do so. Despite a lack of justification for the program, it has now been extended eight times and is costing… → Read More
Don’t Give an Inch on the Debt Ceiling
The dust has barely settled from the contentious midterms, and the battle lines are already being drawn for the next legislative fight in Washington: the debt ceiling. With the nation at unprecedented levels of indebtedness, the choice in this fight is a stark one: a path toward stability or fiscal Armageddon. If that sounds hyperbolic, consider the following facts about America’s finances. → Read More
November Jobs Report Was Not a Blowout, It Was a Big Disappointment
Contrary to what the mainstream media is saying, the November jobs report from the Department of Labor is not a blowout, but a disappointment. The headline number of 263,000 additional non-farm payrolls sounds like robust growth, but that is not what most Americans are feeling right now. Even a cursory look under the hood of this report shows things are not as rosy as that headline number makes… → Read More
Hey, Congress: No Last-Minute Shopping at Taxpayer Expense
It’s happened to all of us: The holidays are here before you know it, and you’re scrambling for that last-minute gift. Maybe you procrastinated, but at least you are spending your own money on someone else. Conversely, the politicians in Congress are preparing to spend YOUR money on THEMSELVES and their special interests in a perverse, year-end shopping spree. → Read More
Central Banks Can’t Avoid the Consequences of Their Actions
As inflation ravages economies around the globe, central banks are allowing interest rates to rise in an effort to belatedly respond to a crisis they helped cause. Even now, though, the U.N. is seeking lower interest rates and price controls, asking central banks and national governments to “avoid . . . reliance on monetary tightening,” and instead institute “price and markup controls.” That is… → Read More
Denying Economic Reality Doesn’t Help Struggling Americans
Polls show economic concerns were dominant for many Americans this election season. Unfortunately, voters couldn’t always count on getting accurate reporting about these issues. Consider a Washington Post article titled “7 ways a recession could be good for you financially.” A closer look at these seven claims reveals just how wrong—or at least highly misleading—financial reporting can be: 1.… → Read More
Slaying the Inflation Dragon
Elections are rarely about only one issue, but there’s no question that economic worries motivated voters this year. Polls, both before the election and exit polling, showed that inflation was their No. 1 concern. That’s not surprising. All around the country we see the detritus of inflation’s destruction. The average family feels $7,400 poorer today than when Biden took office, largely because… → Read More
Demonizing Those Who Want To Fight Inflation
Using ad hominem attacks often indicates a weak argument—or no argument at all. Exhibit A: Pundit Matthew Dowd compared those who want to reduce inflation with Adolf Hitler. Yes, you read that right. Politicians who are promising to do something about the fact that ordinary Americans cannot afford gas and groceries in the same week, or are struggling to pay their rent and their prescriptions… → Read More