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Eric Hovde: Inflation is crushing Wisconsin families. Blame federal spending, regulations.

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Eric Hovde: Inflation is crushing Wisconsin families. Blame federal spending, regulations.



Federal spending needs to be brought back to 2019 levels, and excessive deficit spending needs to be halted

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Editor’s Note: The Ideas Lab asked the Democrat and Republican candidates for the U.S. Senate to submit 1,000 word essays on how they would tackle inflation, the issue Wisconsinites surveyed as part of the Main Street Agenda project said is the most significant problem they face heading into the Nov. 5 election.

Inflation has crushed Wisconsin families, driving up prices and making it harder than ever to get by. To fix this problem, you have to elect folks who understand the root causes and how to address them in a lasting way.

Inflation is always a monetary event. It is caused by the excessive spending and printing of money. The definition of inflation is too much money chasing a fixed amount of goods and services. The spike in inflation was a result of the excessive spending by the federal government that began during the COVID-19 lockdowns. The government increased federal spending by 40% in 2020 as it was providing stimulus checks to individuals and businesses to keep the economy from collapsing. The contraction in economic activity that occurred by shutting down our economy was offset by the temporary spike in government spending and transfer payments. 

The problem of inflation began when the economy reopened at the end of 2020 and the Biden-Harris administration, which took over in January of 2021, continued to spend money at the same rate even though the economy was roaring back as businesses were reopening and employees were being rehired. Through a series of legislation like the Inflation Reduction Act, Biden, Harris, and Congress have added $4.1 trillion in federal spending on top of normal appropriations acts that were already causing deficit spending. They added more debt in the last 3.5 years than during our country’s first 230-year history. 

Tammy Baldwin: ‘Greedflation’ is driving prices higher. I wrote a bill to stop gouging.

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You heard from the candidates. We want to hear from you. Rate their inflation essays.

Due to this excessive spending, the Federal Reserve (the government’s bank) was required to absorb that spending by purchasing $5.7 Trillion in Treasuries and mortgage-backed securities through a process called Quantitative Easing. As a result, money supply increased significantly. The most important measurement of money supply is M2, which increased by over 39%. 

Because of this money printing, inflation was ignited, first in the price of assets (i.e. stocks, bonds, real estate), then to the price of goods, followed by the price of services. Inflation over the past three years increased by over 22%, and if we measured inflation like we did in the 1980’s prior to President Clinton’s changes in the measurement of CPI, inflation would have increased closer to 40%, almost equal to the increase in money supply. 

Impact of inflation on Wisconsin families has been horrible

The impact of inflation on Wisconsin families has been horrible. It has driven up the price of their groceries, gas and heating, housing, healthcare, and insurance. It has also caused real wages to actually decline over the last three years. We have rarely had American wages dip over a three year period. 

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Sen. Tammy Baldwin and Vice President Kamala Harris claim inflation is a result of corporate greed. However, if this were the case, why weren’t corporations being greedy for the 40 years prior? Further, why does inflation track with the federal increase in spending and money supply? Lastly, does Baldwin also claim that farmers were being greedy because they were passing on higher prices? Or small businesses that were passing on higher prices because their costs were rising? It is a silly argument and a deflection from their role in creating this horrible outcome for Wisconsin families. 

How do we tackle this problem? 

The Federal Reserve has already started that process by slowly contracting the money supply and increasing interest rates to slow the economy. However, because of our now $35 trillion in debt and the continued federal spending, exceeding 50% of the level prior to COVID, inflation will unfortunately resume unless difficult decisions are made immediately. 

The first thing that needs to happen is federal spending needs to be brought back to 2019 levels, and excessive deficit spending needs to be halted. To prevent an economic contraction as spending declines, pro-growth policies need to be implemented, like deregulation. President Reagan deregulated the economy in the 1980’s while he was addressing the inflation problem of the 1970’s, and this helped create the economic boom that followed. Unfortunately, the regulatory state has grown far more dramatically than it was even in 1980. Any business owner or farmer will tell you they are choking on excessive regulations. 

Further, mandates that the Biden administration has put on numerous industries need to be removed, such as on automakers for EV cars or energy companies with green energy initiatives that are not economically viable. All those mandates do is drive up the costs of cars and energy. What we need is to get the economy more in alignment, by reducing unnecessary costs of producing goods and services while creating strong economic growth to get wages increasing. This is what will improve financial outcomes for Wisconsinites.  

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Contrast my real world experience with that of career politician

I have spent my life in the real world and understand how our global and financialized economy works. I have a deep understanding of how the banking system, our capital markets, and the Federal Reserve function. Having spent my career building and turning around companies, primarily community banks, and having operated in multiple different industries, including my real estate development company in Madison, I have unique insights into all aspects of our economy. 

Unfortunately, today, we have career politicians like Baldwin who are making impactful decisions on our economy who simply do not understand how our economy functions, because they have never operated in it and have no experience. 

Disappearing farms: We feared for dad’s life after selling our cows. Finding hope while friends faced loss.

A primary reason I entered the race for the U.S. Senate is because I have watched these horrible economic policies being implemented that are hurting the middle- and working-class and having a devastating impact on the elderly that live on fixed incomes. We are also jeopardizing our children’s future by leaving them $35 trillion in debt, with another $1 trillion being added every 4.5 months. 

If we don’t address our debt and deficit spending, the U.S. economy will collapse into a debt crisis that is not too far off. Amongst all the problems our country is currently facing, it may be the biggest concern. It will require smart economic policy and cooperation by both parties to get this problem fixed! The people of Wisconsin should know I will do everything within my power to improve their wellbeing. 

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Eric Hovde is the Republican candidate for the U.S. Senate in Wisconsin. He is the CEO of Hovde Properties, a Madison-based real estate development company.



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11 Wisconsin Towns With A Slower Pace Of Life

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11 Wisconsin Towns With A Slower Pace Of Life


Frank Lloyd Wright spent nearly five decades building and rebuilding Taliesin, his home and architecture school in the hills just outside Spring Green, before it became a UNESCO World Heritage Site in 2019. Bayfield, the smallest incorporated city in Wisconsin at roughly 600 residents, runs as the mainland gateway to the Apostle Islands National Lakeshore. Lake Geneva preserves a 21-mile public-access shore path that has stayed open since 1888 through an easement granted by the original lakefront landowners. Rib Mountain near Wausau rises out of central Wisconsin as a 1.7-billion-year-old quartzite ridge, one of the oldest geological features in North America. The eleven Wisconsin towns below each run on a different version of slow time.

Lake Geneva

Downtown Lake Geneva, Wisconsin. Image credit: RSchulenburg via Wikimedia Commons.

Lake Geneva grew up in the late 19th century as a summer retreat for wealthy Chicago families. The Geneva Lake Shore Path traces the entire 21-mile shoreline as a public-access easement granted by the original lakefront landowners, passing 19th-century estates including the Wrigley, Maytag, Drake, and Schwinn family homes. Black Point Estate and Gardens, a preserved Queen Anne-style mansion on the south shore, opens for public guided boat tours in summer through the Wisconsin Historical Society.

For a different perspective, Lake Geneva Cruise Line runs narrated boat tours including the still-operating US Mail Boat Tour, where a runner jumps from the moving boat to deliver mail to lakeside homes (a tradition dating to 1916 that operates June through mid-September).

Ladysmith

State Bank of Ladysmith, Wisconsin
State Bank of Ladysmith, Wisconsin.

Ladysmith sits along the Flambeau River in northern Wisconsin and was established in 1885. The annual Northland Mardi Gras each July packs a four-day craft fair, parade, and lighted boat parade into a town of fewer than 4,000. The Rusk County Historical Society Museum holds multiple buildings on its grounds, including a replica of the Gates County Courthouse and the Little Red Schoolhouse, with permanent collections covering logging history, antique farm machinery, and military artifacts.

Memorial Park along the Flambeau River anchors community events. The Reclaimed Flambeau Mine Site, a former copper-zinc mine restored to natural habitat, runs walking trails through prairie and woodland on the reclaimed property.

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Lake Hallie

Lake Hallie, Wisconsin
Summer on Lake Hallie, Wisconsin.

Lake Hallie sits just north of Eau Claire on the lake of the same name. The public boat launch handles bass and northern pike fishing in summer and ice fishing in winter. Pinehurst Park covers the year-round outdoor side: bike trails for various skill levels in warmer months, then snowboarding, skiing, and tubing at the park hill once snow falls.

Lake Hallie Golf runs a well-kept course with a driving range and pro shop. The Lake Hallie Sportsman’s Club hosts community fishing contests and steak feeds throughout the year.

Thiensville

Main street in Thiensville, Wisconsin
Main Street in Thiensville, Wisconsin. By Freekee / Kevin Hansen.

Thiensville runs along the Milwaukee River north of its namesake city. The Main Street Historic District holds early 20th-century commercial architecture from the village’s plank-road days. The Green Bay Road Historic District covers the horse-and-buggy era buildings further out.

The Ozaukee Interurban Trail, a 30-mile rail-trail running between Mequon and Belgium, passes through Thiensville with paved biking and walking access. Village Park hosts the Thiensville Village Market every Saturday from June through October, with local produce, artisanal goods, and live music drawing regular weekend crowds.

Bayfield

Aerial view of the town of Bayfield, Wisconsin.
Aerial view of Bayfield, Wisconsin, on Lake Superior.

Bayfield sits on Lake Superior at the northern tip of the Bayfield Peninsula and is the smallest incorporated city in Wisconsin, with roughly 600 year-round residents on less than one square mile. It serves as the mainland gateway to the Apostle Islands National Lakeshore, which protects 21 of the 22 Apostle Islands across 69,540 acres of Lake Superior shoreline and water. Apostle Islands Cruises runs narrated sightseeing tours out to the sea caves and historic lighthouses, and local outfitters guide kayak trips into the sandstone caves carved along the cliffs.

Bayfield’s 50-block Historic District dates to its turn-of-the-century timber, fishing, and brownstone boom, when the Queen Anne mansions and commercial storefronts along Rittenhouse Avenue went up. Eckels Pottery, the oldest pottery studio in the state, still operates downtown, and the Bayfield Maritime Museum covers the town’s fishing and lighthouse-keeping past. Bayfield bills itself as the Berry Capital of Wisconsin, and its annual Applefest each October draws crowds far larger than the resident population. A car ferry crosses the channel to Madeline Island, the one Apostle island left out of the national lakeshore and the site of La Pointe, among the oldest European settlements in the state.

Mineral Point

Storefronts along the main street in Mineral Point, Wisconsin.
Storefronts along the main street in Mineral Point, Wisconsin.

Mineral Point in Iowa County is the third-oldest city in Wisconsin, settled in 1827 during the lead-mining boom that drew waves of Cornish miners from southwestern England. The dugouts those early miners burrowed into the hillsides reportedly resembled badger dens, which is one origin story for Wisconsin’s Badger State nickname. The town of about 2,500 sits roughly 50 miles west of Madison, and its historic district (the first in Wisconsin listed on the National Register of Historic Places) holds more than 500 structures, including 1840s Cornish limestone cottages.

Pendarvis, a cluster of restored stone and timber miners’ cottages on Shake Rag Street operated by the Wisconsin Historical Society, preserves the Cornish settlement and runs costumed-interpreter tours seasonally. High Street holds the densest row of 19th-century commercial buildings in the state, now filled with galleries and pottery studios that have turned Mineral Point into an arts town. The Red Rooster Cafe has served Cornish pasties and figgyhobbin for decades, and the Cornish Festival each September keeps the heritage going. The Mineral Point Railroad Museum occupies the oldest surviving depot in Wisconsin, which operated between 1856 and 1984.

New London

New London, Wisconsin St. Patrick's Day Parade.
New London, Wisconsin St. Patrick’s Day Parade and Irish Fest. By Aaron of L.A. Photography.

New London sits at the confluence of the Wolf and Embarrass Rivers. The town adopts the name “New Dublin” each year for the St. Patrick’s Day weekend (typically the weekend closest to March 17), with a parade, Irish music, and traditional food drawing thousands. Mosquito Hill Nature Center, a 430-acre Outagamie County natural area, runs hiking trails, summit-overlook viewpoints, and educational programming on the local ecology.

The Heritage Historical Village holds restored period buildings and artifacts covering the area’s settlement. The Newton Blackmour State Trail, a 23-mile rail-trail, passes through town for biking, hiking, and winter snowmobiling.

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Spring Green

Garden statues at the House on the Rock estate, Spring Green, Wisconsin.
Garden statues at the House on the Rock estate near Spring Green, Wisconsin. Image credit: Aaron of L.A. Photography via Shutterstock.

Spring Green is a village of just over 1,400 people in the Driftless hills of southwestern Wisconsin, on the north bank of the Wisconsin River. Its identity runs almost entirely through Frank Lloyd Wright, who spent boyhood summers in the valley with his mother’s family and then spent nearly five decades, beginning in 1911, building and rebuilding Taliesin, his home, studio, and architecture school, into the brow of a hill just south of town. Wright used local limestone and sand dredged from the Wisconsin River to make the buildings look like they grew out of the landscape. Taliesin was named a National Historic Landmark in 1976 and a UNESCO World Heritage Site in 2019.

Spring Green carries more than Wright. The American Players Theatre, an outdoor classical-theater company widely rated among the best in the country, stages Shakespeare and other repertory in a wooded amphitheater through the summer season. The House on the Rock, Alex Jordan’s eccentric hilltop complex south of town, holds oddities including the world’s largest indoor carousel. The Spring Green Preserve, sometimes called the Wisconsin Desert, protects a rare landscape of sand prairie and prickly pear cactus on the bluffs above the river.

Sister Bay

Sister Bay harbor view with fall foliage, Wisconsin.
Sister Bay harbor with fall foliage, Door County, Wisconsin.

Sister Bay is a Door County village of fewer than 1,000 residents on the Green Bay side of the Door Peninsula. Sister Bay Beach gives the waterfront a grassy public edge, and the pier and Sister Bay Marina put the harbor within a short walk of downtown. Sister Bay Scenic Boat Tours runs easygoing cruises out onto Green Bay, and the village fills with visitors through the summer and the fall-color weeks without ever losing its unhurried feel.

The town’s best-known address is Al Johnson’s Swedish Restaurant and Butik, where goats graze on the grass-covered sod roof through the warm months while the kitchen turns out Swedish pancakes and meatballs below. The waterfront dining scene runs well beyond it, and the surrounding peninsula keeps state parks, orchards, and shoreline drives within easy reach for a day spent doing very little in particular.

Elkhart Lake

Fall colors around Elkhart Lake, Wisconsin.
Fall colors around Elkhart Lake, Wisconsin.

Elkhart Lake in Sheboygan County wraps around its namesake spring-fed lake. The sandy public beach handles swimming, kayaking, and paddleboarding through the warmer months. Road America, a 4-mile road-racing circuit just south of the village, has been the country’s premier natural-terrain road course since opening in 1955 and hosts IndyCar, IMSA sports car, and motorcycle races throughout the season.

Aspira Spa at The Osthoff Resort runs full-service treatments inspired by the surrounding lake and forest. Henschel’s Indian Museum & Trout Farm pairs an unusual Native American artifact collection with a working catch-your-own trout pond on the same property.

Rib Mountain

Wausau, Wisconsin from the summit of Granite Peak Ski Hill in Rib Mountain State Park
Wausau, Wisconsin from the summit of Granite Peak in Rib Mountain State Park. Image credit: Michael Tatman.

Rib Mountain rises above the city of Wausau as a 1.7-billion-year-old quartzite ridge, one of the oldest geological features in North America. Rib Mountain State Park covers more than 1,500 acres with 15 miles of hiking trails climbing through quartzite ledges to the summit, where a 60-foot observation tower overlooks the Wisconsin River valley.

Granite Peak Ski Area on the south face of Rib Mountain runs 75 named trails across 200 acres of skiable terrain (the largest ski area in Wisconsin) and operates a high-speed six-pack chairlift for fast access. Winter at the state park transforms the upper trails into snowshoeing and cross-country skiing routes.

Eleven Versions Of Slow

The eleven Wisconsin towns above each hang on a specific anchor. Lake Geneva and Elkhart Lake run on summer lakefront tradition, and Sister Bay adds the Door County version up on Green Bay. Ladysmith and New London hold cultural identities (a lumber-town festival, Irish heritage) that bigger cities long ago shed. Bayfield and Mineral Point built theirs on geography and immigrant history, a Lake Superior archipelago and a Cornish lead-mining boom. Spring Green and Rib Mountain anchor architectural and geological specialties. Lake Hallie and Thiensville cluster around a lake and a river for daily recreation. None of them is in a hurry.

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Wisconsin Lottery Mega Millions, Pick 3 results for May 29, 2026

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Wisconsin Lottery Mega Millions, Pick 3 results for May 29, 2026


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The Wisconsin Lottery offers multiple draw games for those aiming to win big.

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Here’s a look at May 29, 2026, results for each game:

Winning Mega Millions numbers from May 29 drawing

19-24-47-59-65, Mega Ball: 07

Check Mega Millions payouts and previous drawings here.

Winning Pick 3 numbers from May 29 drawing

Midday: 8-3-0

Evening: 1-6-0

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Check Pick 3 payouts and previous drawings here.

Winning Pick 4 numbers from May 29 drawing

Midday: 8-2-0-4

Evening: 3-4-6-6

Check Pick 4 payouts and previous drawings here.

Winning All or Nothing numbers from May 29 drawing

Midday: 02-06-07-08-09-10-12-14-16-18-22

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Evening: 02-05-06-10-11-12-15-16-17-18-19

Check All or Nothing payouts and previous drawings here.

Winning Badger 5 numbers from May 29 drawing

15-16-19-20-24

Check Badger 5 payouts and previous drawings here.

Winning SuperCash numbers from May 29 drawing

23-24-25-30-33-37, Doubler: N

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Check SuperCash payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

Are you a winner? Here’s how to claim your lottery prize

  • Prizes up to $599: Can be claimed at any Wisconsin Lottery retailer.
  • Prizes from $600 to $199,999: Can be claimed in person at a Lottery Office. By mail, send the signed ticket and a completed claim form available on the Wisconsin Lottery claim page to: Prizes, PO Box 777 Madison, WI 53774.
  • Prizes of $200,000 or more: Must be claimed in person at the Madison Lottery office. Call the Lottery office prior to your visit: 608-261-4916.

Can Wisconsin lottery winners remain anonymous?

No, according to the Wisconsin Lottery. Due to the state’s open records laws, the lottery must, upon request, release the name and city of the winner. Other information about the winner is released only with the winner’s consent.

When are the Wisconsin Lottery drawings held?

  • Powerball: 9:59 p.m. CT on Monday, Wednesday, and Saturday.
  • Mega Millions: 10:00 p.m. CT on Tuesday and Friday.
  • Super Cash: 9:00 p.m. CT daily.
  • Pick 3 (Day): 1:30 p.m. CT daily.
  • Pick 3 (Evening): 9:00 p.m. CT daily.
  • Pick 4 (Day): 1:30 p.m. CT daily.
  • Pick 4 (Evening): 9:00 p.m. CT daily.
  • All or Nothing (Day): 1:30 p.m. CT daily.
  • All or Nothing (Evening): 9 p.m. CT daily.
  • Megabucks: 9:00 p.m. CT on Wednesday and Saturday.
  • Badger 5: 9:00 p.m. CT daily.

That lucky feeling: Peek at the past week’s winning numbers.

Feeling lucky? WI man wins $768 million Powerball jackpot **

WI Lottery history: Top 10 Powerball and Mega Million jackpots

This results page was generated automatically using information from TinBu and a template written and reviewed by a Wisconsin editor. You can send feedback using this form.

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Wisconsin National Guard troops return after yearlong deployment in Middle East

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Wisconsin National Guard troops return after yearlong deployment in Middle East


APPLETON, Wis. — More than 200 Wisconsin National Guard troops are back home this weekend.

The troops based out of Appleton returned on Friday after a deployment throughout the Middle East for more than a year.


What You Need To Know

  • Wisconsin National Guard troops returned home on Friday after a yearlong deployment in the Middle East
  • Staff Sgt. Ryan Hayes said seeing his family again after being gone for so long was amazing
  • Major General Matt Strub, Wisconsin’s adjutant general, said troops’ mission included conducting security operations in nine different countries
  • He said they also took part in the largest transfer of enemy prisoners of war in Central Command history


Members of the Wisconsin National Guard’s 2nd Battalion, 127th Infantry Regiment were treated to a warm welcome home by family and friends at Appleton Flight Center.

Staff Sgt. Ryan Hayes said seeing his family again after being gone for so long was amazing. He said it was especially emotional reuniting with his daughters and his 3-year-old son.

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“It was kind of… honestly, kind of tear-jerking a little bit. I was trying to hold… It was hard to hold it back, you know? It’s hard to watch him grow through a phone, you know?” Hayes said.

Major General Matt Strub, Wisconsin’s adjutant general, said troops’ mission included conducting security operations in nine different countries.

He said they also took part in the largest transfer of enemy prisoners of war in Central Command history.

“How long they serve depends on the individual. But this was just a normal one-year rotation into the Middle East to just provide that security that the U.S. needs in the region. During the time they were gone, Operation Epic Fury kicked off. Their mission changed slightly, but still to provide security for the region,” he said.

Gov. Tony Evers was on hand to welcome the troops back to Wisconsin.

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Strub said the celebration on Friday was well-earned and well-deserved.

“When they see the fire cannons, the water cannons, when they see the families with the balloons and signs, it’s truly… The joy swells up. The emotion of being gone wells up. You really just feel like you’ve… You’re welcomed home in a positive way,” he said.

Hayes said he felt blessed to be back home with his family.

“I feel really good to be home, be with my kids, another deployment under my belt. That just puts everything into perspective, like how lucky we are back here in the United States to have what we have and be able to have this,” he said.

This group of soldiers worked as part of the U.S. Central Command Area of Responsibility. They worked alongside NATO partners before wrapping up their deployment.

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