Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the […]

Today’s release of the Consumer Price Index (CPI) finally topped 7%, which is the highest rate since 1982, and if you applied the same index methodology used back in 1980, we have now slightly topped the 1980 experience. Yet the Biden Administration cannot acknowledge the reality of how their policies have led to this, as […]

One of the fundamental Christian values is that of prioritizing the pursuit of truth, as Jesus identified himself as the truth, Satan is identified as the father of lies, and not only are lying lips an abomination to the Lord, but in one of the final verdicts in the Bible in Revelation 21, we are […]

CNBC comes to this realization this morning, as it notes: The coronavirus pandemic has led to a new era of inflation inequality, economists warn, in which poor households bear the brunt of rising prices.  That’s because a bigger portion of their budget goes toward categories that have spiked in cost. Food is up 6.4% over the […]

This year, Gabriel Boric won the Chilean Presidency by riding a populist wave of anti-market sentiment. Populism is a political tool not tied to any particular ideology, and it can drive people to very dangerous conclusions. In this case, Boric convinced Chile that the rich elites maintained power in his nation at the expense of […]

Once again, President Biden pushed back student loan payments due to the COVID-19 pandemic, this time until May 2022. As Omicron surges, the White House reversed course on its assurances that payments would not be deferred any longer. However, pressure from those who want all student debt cancelled appears to have won the day, so […]

What if the Fed were right when said earlier in the year that inflation was going to be transitory? Let’s be clear–a kidney stone is transitory, but nobody in their right mind would say, “yeh I’m ok with having a kidney stone since it’s only transitory.” Yes I’m glad the Fed is ending their use […]

The Federal Reserve will end its meeting any moment with the expected announcement of an accelerated curtailing of the extreme monetary stimulus it has provided since Mar 2020. The latest published speculation I’ve seen is that the Fed will end the stimulus by Mar ’22, paving the way for 2-3 interest rate hikes in 2022, […]

For the most partisan of Americans, Donald Trump evokes either the most visceral negative reaction, or the most adoring adulation. As I said a few weeks ago, this I still find strange. When looking back at his tenure as President, I find many things to applaud and many things to condemn. And Donald Trump and […]

The U.S. Supreme Court heard oral arguments in Dobbs v. Jackson Women’s Health Organization on Wednesday. The case stems from a Mississippi law that bans abortions after 15 weeks except for cases of medical emergency or severe fetal abnormality. The law has no exceptions for rape or incest. Given the current composition of the Court, […]