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Reason
Reason
Liz Wolfe

The Year of Bad Vibes

A break from routine: Instead of the typical Roundup format, I wanted to break from tradition and give you all a bit of a year in review. Unfortunately, in 2023, statists had their way with us all, making many things a little less fun and free in the process.

Inflation was not OK: This was the year that Federal Reserve Chair Jerome Powell just kept hiking those interest rates higher in hopes of taming inflation. This noticeably cooled the housing market. Other economic indicators—unemployment rate, consumer spending—remained OK. But for everyday Americans, basic essentials remained tougher to afford, even as inflation got a little less stubborn and began to show signs of slowing its upward trajectory.

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