Libertarian Leanings

Review: The Method to the Madness

The Method to the Madness
By Allen Salkin and Aaron
Short 300 Pages, All Points Books

 

On the inside of its dust jacket The Method to the Madness describes itself as “a Rosetta Stone for understanding Donald Trump.” It falls far short of living up to that billing, in large part because the authors seek only to explain how the unthinkable could have happened. How could the egotistical and unsuitable Donald Trump have ever succeeded in becoming President of the United States of America. Salkin and Short focus on the years between 1999 and 2017, and by doing that they miss a more important story.

For that story you have to go back to a 1987 interview with Larry King in which Donald Trump laid out his complaints about the conduct of American foreign policy. In that interview Trump explained that America was being ripped off. Sound familiar? America was spending its treasure defending nations that should have been defending themselves, and that America's dependence on oil from the Middle East was forcing it into unnecessary military involvement there.

Here we are, going on three years into Donald Trump's first term as president, and we find that President Trump's accomplishments to date include reviving the U.S. energy industry making America energy independent for the first time in decades, forcing NATO partners to pick up more of the costs of there own defense, withdrawal of military forces from the Middle East in a way that does not permit the resurrection of ISIS, as opposed to the Obama administration's precipitous troop withdrawals that brought about the rise of ISIS in the first place. While all this is going on Trump has been renegotiating trade deals with the aim of correcting trade imbalances that cost American jobs. In other words, starting in 2017 Trump has been attacking the problems he described to Larry King in 1987.

It's the story that Salkin and Short don't tell, but the one they should have, since it demonstrates that Trump had reasons to run for president that went beyond just being president. Perhaps it's because he continued to hold those beliefs for over thirty years that his journey to the White House took decades. It's likely that Trump had one shot, and one shot only, for accomplishing the goals that he hoped to achieve for America.

Unfortunately, writing the wrong story is not the book's only flaw. It is organized for unreadability. Each chapter starts with an italicized summary of what is to follow, and then there are several pages of paraphrased snippets from source interviews conducted by Salkin and Short that buttress their points. Slogging through them becomes tedious.

The first chapter of the book, Tipster, ends with a snippet from Donny Deutsch, and advertising executive and MSNBC TV host – not a fan to Donald Trump. He said:

“Trump is not well read. He's not a sophisticated thinker, but he's an evil genius. Call him an idiot savant, whatever you want, but I've never seen a guy who understands messaging and consistency of messaging and staying on brand and being able to be true to the brand but also evolve the brand at the same time. The guy's a genius.”

That Deutsch passage, obviously of prime importance since it's the last word in the chapter, seems to sum up the book. Whatever your bias on Donald Trump, The Method to the Madness has something for you: Unsophisticated and not well read, call him an idiot savant. But the guy's a genius. In the end no minds will be changed.

Oh, and did I mention Trump's a racist? Chapter 11 is about “The N-word,” in which Trump is accused of using it and others swear it never happened. But with Trump and his perceived flaws, what may be true must be true, so the benefit of doubt goes to the accuser. Nothing new there.

The last chapter, The Announcement, ends with the thoughts from Justin McConney, Trump's social media director, as Trump concluded the announcement that he was running for President of The United States. There is no doubt about McConney's distaste at having to work for Donald Trump.

“My boss was running for president and now I was doing his social media unwillingly. It wasn't something I wanted to do or work on. I was trying to leave before it happened.”

How tragic and heart rending. And then we get to the epilogue, “The Centre Cannot Hold.” The title is from a poem by William Butler Yeats, the first stanza of which goes like this:

“Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.”

Trump is elected. Anarchy is loosed upon the world. Or so say the authors. But Salkin and Short, and their book, are off the mark. Anarchy has only been loosed upon the Democratic Party. Salkin and Short spend 300 pages trying to show how Donald Trump made it into the White House. The bigger and more important story is about what he's done since he got there.

Why The Democrat Clown Show?

Why, we might wonder, have alarmist Democrats amp'ed up their slander of Trump and his supporters as "white supremacists?"  Why the loony push for impeachment?  Why do they pick now to resuscitate those fabricated sexual assault charges against Justice Kavanaugh?  Why have Democrats become so completely unhinged?  Katrina Pierson explains:

African Americans, like all Americans outside of the lily-white socialist fringe of the Democratic Party, vote for candidates who can deliver a strong American economy that materially improves their lives. That’s what Donald Trump promised, and it’s what President Trump has delivered.

Median household income is at its highest point, and poverty at its lowest, since the dot-com boom of the late-‘90s. We’ve had quarter after quarter of robust economic growth, stellar job creation, and rapidly increasing wages.

Unlike some previous boom times, African Americans and other minorities haven’t been left behind. They’ve been front and center in the gains, just as candidate Trump promised. The African American unemployment rate hit an all-time low early in President Trump’s administration, and since then it’s gone significantly lower, reducing the disparity between black and white employment to its lowest point in history.

Hispanics, Asian Americans, and women have all achieved record-low jobless rates, as well, largely because — for the first time in American history — the majority of new hires aged 25-54 are people of color.  [My emphasis in bold]

Decades ago Democrats began shifting to a new political strategy in line with their theory that America's changing demographics would inevitably bring on the demise of the largely white, well to do Republican party, and in so doing usher in progressive legislative majorities for a generation.  In order to help facilitate the Republican collapse, Democrats threw their full support behind illegal immigration and voter fraud.  This is what's behind Democrat calls for open borders, universal rights to migrate, expanded voter eligibility, and opposition to any efforts to confirm that people entering the voting booth are actually entitled to vote.

As part of this shift in strategy Democrats began to distance themselves from white blue collar workers, their traditional core of support.  The new demographically oriented strategy fit well with Democrats' time honored practice of demonizing their opposition as racist.  When they voiced their opposition to illegal immigration and their support for voter ID laws, the white blue collar class found themselves on the receiving end of Democrat accusations of racism.  They became Hillary's Deplorables.

That's when the brilliant new strategy began to break down, as Hillary discovered to her dismay in 2016 when blue collar voters in Wisconsin, Michigan, Ohio, and Pennsylvania went for Trump and made him — not Hillary — President of the United States.  It was not a racist vote that blue collar workers cast for Trump, but  a rejection of Hillary instead.  It was because of eight years of Democrat failure to deliver.  Rust belt towns and cities were crumbling as jobs left America under Obama's globalist policies.  Hillary promised more of the same while Trump offered hope.

And Trump delivered. Through business tax cuts, cuts in excessive regulations, reductions in the volume of illegal immigration, and negotiations for new trade deals, Trump has reduced unemployment to historic lows, and achieved a formerly unimaginable milestone.  For the first time in US history, people of color make up the majority of new hires.

The Washington Post analyzed Labor Department data extending back to the 1970s and found that last year, new “working-age” hires were mostly people of color, outnumbering white hires. The Post defines these new hires as people within the “prime working age” of 25 to 54.

Unable to claim any credit for this, Democrats have little left to campaign on but racial scare tactics.  They look on in horror at a vast and growing block of minority voters who are reaping the benefit of Trumps robust economy and who are likely to vote their economic well being in 2020.  What else can Democrats do but pray for a recession and hurl the most bizarre and unsupportable accusations at Trump and the Republicans, hoping that voters will succumb to fear rather than reason when they head to the polls in 2020?

Through hard work and sound policy Trump is creating opportunity, making people's lives better.  And in doing that he's winning over more and more voters.  Meanwhile Democrats and their allies search desperately for the magical sound bite, the one that will convince voters that they, the Democrats, are the answer to something. And in doing that the Democrats are sounding more and more insane.

That is what's going on.  That's why the Democrat clown show.  Nothing to worry about.

Not Tired Of Winning

From the New York Post, hat tip to Instapundit:

[N]o matter who wins next year, Trump has shown that, his intemperate rhetoric on the issue not withstanding, strict enforcement policies combined with the help of both the Supreme Court and the Mexicans can provide a way forward to fix an illegal-immigration problem that has long seemed insoluble.

Read the whole thing.

Perils of Aging

Purloined from PowerLine:

Polarization Explained

Why is our political polarization getting worse and worse?  Evan Sayet, conservative political commentator and comedian has the answer, and it's for the same reason that conservatives are generally pretty happy while leftists tend to be miserable:  Capitalists need friends and socialists need enemies. Think about it.

One reason conservatives are so happy and Leftists are so miserable is that capitalists need friends. They need business partners and investors, trading partners and customers so satisfied they come back again and again.

The socialist needs enemies. There must be people who hate him and oppress him. If he's not hated and oppressed then socialism doesn't exist.

If he can't find any such hatred, he's forced to make it up. "Dog whistles" - he knows what you're REALLY saying -- and "micro-aggressions" are all invented nonsense because this "oppression" simply MUST be true or else there's no socialist movement (and no free things.)

Conservatives do their part in our polarized political climate.  Every Republican president since Eisenhower is accused of racism by Democrats.  In the past Republicans would seek understanding, explaining that [insert conservative policy prescription here] is not racist, it's designed to help everybody.  Then they would meet the Democrats half way by compromising the policy's effectiveness away.  Nowadays Republicans are more likely to push back.

Maybe it's something they seem finally to be picking up from Trump.  He never lets a smear go unchallenged, recognizing that Democrat charges of racism are not about misunderstandings.  They are insufferable, intolerable insults.  The bad news for Democrats is in their success at creating enemies.  Their insults are alienating an ever growing block of the electorate.

Monetary Metals Don’t Need a "Gold Standard" Proxy System

The following article was provided by Stefan Gleason, President of Money Metals Exchange.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

President Trump moved recently to nominate an avowed sound money advocate, Judy Shelton, to the Federal Reserve Board. That triggered a flurry of superficial and derisive references in the controlled media to Shelton’s past support of a gold standard.

For example, CBS News described her as “a believer in the return to the gold standard, a money policy abandoned by the U.S. in 1971.” According to the story, “mainstream economists believe it's a fringe view.”

As the “mainstream” media portrays sound money advocates, we apparently are nostalgic for the monetary system that existed all the way up until 1971.

Being backward looking by nature, our driving purpose in life is apparently to salvage that “abandoned” system.

Never mind the fact that the post-World War II Bretton Woods gold window that existed until 1971 was meant to ensure U.S. dollar hegemony in international trade – not sound money for the people.

Never mind the fact that the Federal Reserve’s creation back in 1913 spelled the death of sound money. We apparently endorse any purported “gold standard” that calls itself that.

We persist despite the fact that our views have been relegated to the “fringe” by all the approved experts. Establishment economists may not have seen the financial crisis of 2008 coming, but they sure know what’s best for the economy going forward! And what could be better than a debt-based fiat monetary system that facilitates unlimited government spending and borrowing?

New Fed Nomination Has Rekindled Debate on Gold

In all seriousness, we are grateful for the opportunity provided by Judy Shelton’s expected nomination to the Fed to clarify what sound money is, what it would mean for a modern economy, and how it might be implemented.

Sound money has intrinsic value, is stable, is trusted, is fungible, and has widespread acceptance. It need not necessarily be gold, although thousands of years of history have shown the yellow metal ably fills that role – even today.

Often overlooked, even among some sound money advocates, is silver. It arguably has a longer history than gold of being circulated as money.

The Founders wrote a bi-metallic gold-silver standard into the United States Constitution. Article 1, Section 10 makes it explicit: “No State shall… make any Thing but gold and silver Coin a Tender in Payment of Debts…”

The Coinage Act of 1792 defined a dollar in terms of silver. Specifically, a dollar was to be 371.25 grains (equivalent to about three-fourths of an ounce) of silver, in harmony with the Spanish milled dollar.

Even before the creation of the Federal Reserve in 1913, certain banking and political interests had worked to de-monetize silver.

In 1873, Congress moved to sideline the silver dollar. That sparked the so-called Free Silver Movement, which stood for allowing the supply of silver coins to be increased in accord with demand.

In 1893, populist orator William Jennings Bryan gave his famous “Cross of Gold” speech before the Democratic National Convention: “We shall restore bimetallism… If they dare to come out in the open field and defend the gold standard as a good thing, we shall fight them to the uttermost…by saying to them, you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of gold.”

At the time, Bryan saw gold as the money of the elites; silver as the money of the masses. At the least, both were needed.

Fiat Federal Reserve Notes Cause Global Turmoil

The money of today’s financial and political elites is the unbacked Federal Reserve Note. The arbitrary power of central bankers to create currency out of nothing has resulted in bubble after bubble in real estate, stocks, bonds, student loans, and government spending commitments.

Sound money proponents believe that artificially inflating certain sectors of the economy fosters waste and inefficiency – not to mention unfairness.

We believe that markets become corrupted when they are driven by particular words or syllables contained in policy statements issued by a central bank.

Moving to a rules-based, gold-pegged, or commodity-pegged system (as Trump economic advisor Stephen Moore has proposed) would reduce much of the drama and impact of Fed policy decisions by effectively making them automatic.

But the purpose of sound money isn’t merely to tie the hands of central bankers. It is to replace Federal Reserve notes and other fiat currencies with currency that is as good as gold (or silver).

Our friend Larry Parks of the Foundation for the Advancement of Monetary Education argues that even going back to the classical gold standard would still leave bankers and politicians with too much power.

Under a gold standard, government would still enforce Federal Reserve Note acceptance through legal tender laws, would be engaging in price fixing by setting the exchange rate to gold, and would almost certainly cheat the system over time through revaluations and manipulations.

Gold & Silver Themselves Can Supplant All Proxies

Ideally, sound money would spring from market forces, with gold and silver warehouse receipts (and digital equivalents) from the most reputable private vaults and banks gaining acceptance as currency.

Working backward from a monopolistic fiat system toward sound money presents a number of philosophical and technical challenges.

Some hard money purists might disagree, but in our view the advent of digital currency platforms is one of the likeliest ways for gold and silver to attain more widespread circulation as free-market money.

Debit cards and smartphone apps linked to accounts backed by – and denominated in – precious metals are in development, as are gold and silver-backed cryptocurrencies.

Granted, a digital currency linked to silver requires trust in counterparties and isn’t the same thing as actual silver dimes, quarters, rounds, or bars.

But in an era of e-commerce putting shopping malls and big box retailers out of business, most consumers won’t use money that can’t be spent digitally.

The upshot is that people who feel comfortable using a digital silver in transactions might also grow comfortable exchanging their digits back into silver coins.

A modern sound money system won’t be established overnight. Steps toward it can be made through both free-market forces and political activism aimed at freeing precious metals from taxes, legal tender laws, and other impediments to free competition with the fiat dollar.

Stefan Gleason is President of Money Metals Exchange, the national precious metals company named 2015 "Dealer of the Year" in the United States by an independent global ratings group. A graduate of the University of Florida, Gleason is a seasoned business leader, investor, political strategist, and grassroots activist. Gleason has frequently appeared on national television networks such as CNN, FoxNews, and CNBC, and his writings have appeared in hundreds of publications such as the Wall Street Journal, Detroit News, Washington Times, and National Review.

Kissinger on Kissinger — Foreign Policy as a Grand Strategy

Kissinger on Kissinger
By Winston Lord
140 Pages, St. Martin's Press

Kissinger on Kissinger is about the momentous foreign policy achievements of President Richard Nixon and his National Security Advisor and Secretary of State Henry Kissinger during the years 1969 to 1974. It's a conversation among old friends

In 2014 and 2015 Winston Lord and K.T. MacFarland conducted a series of foreign policy panels for C-SPAN. A video interview with Dr. Kissinger was planned to cap off the foreign policy panels. But one hour-long video interview was not enough to do justice to the extraordinary accomplishments of Nixon and Kissinger, and one interview turned into six interviews. Kissinger on Kissinger represents a transcript of those six interviews.

When Nixon took office in January of 1969, the nation seemed to be on the verge of coming apart. 1968 saw the assassinations of Robert Kennedy and Martin Luther King, which were followed by rioting in Chicago, Washington, DC, and Baltimore. At the same time America was obsessed with and exhausted by the Vietnam War, a war that, according to CBS News anchor Walter Cronkite, was unwinnable. Yet through the support and leadership of President Richard Nixon and the negotiating skills of Henry Kissinger, South Vietnam, with the aid of American air and naval support, had achieved a military standoff and a peace settlement with the North.

In the midst of all this Nixon and Kissinger began efforts to establish relations with The Peoples' Republic of China. It was their most important and far reaching foreign policy achievement. China and the U.S. had been at war on the Korean Peninsula for two decades and considered each other arch enemies. Conventional wisdom had it that relations with Russia would suffer if Nixon moved to establish relations with China. Many even thought it would lead to war. The opposite occurred, and relations with Russia actually improved. Shortly after his summit with Mao Zedon, Nixon met with the Soviets in Moscow.

"The opening to China broke this logjam, spawning rapid progress toward a summit, arms control, and a Berlin agreement. The president's visit to Moscow in May 1972 produced major agreements.”

The Cold War was by no means over, but relations with the Soviet Union were at a level of stability not seen in decades. But the diplomat gains with the Soviets came only after Nixon and Kissinger had met with the Chinese, and only with Nixon's refusal to tolerate a North Vietnamese victory over the South.

The final foreign policy challenge to be faced by Nixon and Kissinger came with the outbreak of the Yom Kippur War in the Middle East. It began in October 6, 1973. A coalition of Arab states lead by Egypt and Syria attacked Israel. Israel pushed back until a UN cease fire was put in place on October 26, 1973. It was during this crisis the Kissinger became associated with the term “shuttle diplomacy.”

While Kissinger as an academic had immersed himself in the historic details of diplomacy, Nixon preferred to stay out of the details until negotiations were complete. Nixon and Kissinger would work out the broad outline of where negotiations should lead. Kissinger would then have authority to hammer out the details of how to get there in the negotiations, and Nixon would approve the final results.

Richard Nixon and Henry Kissinger formed a near perfect partnership. Both believed in bold moves. There would be no half measures, since you pay the same price either way. Both viewed foreign policy as a Grand Strategy. Establishing relations with China, a move so bold as to be previously unthinkable, was not simply about China and America. It affected how the rest of the world dealt with China as well.

“[W]e always began every diplomatic effort with a question: 'What are we trying to do here? What is the purpose of this exercise?'”

As a result of their unique relationship, Nixon and Kissinger put together a string of astonishing foreign policy achievements. Statesmanship takes character and courage which both Kissinger and Nixon possessed. They had the vision to establish long range goals, and they had the courage to make the harrowing decisions to achieve them.

In August of 1974 Richard Nixon left office. Not long after Nixon's resignation the Democratic Congress voted to cut off all aid to South Vietnam, even overriding President Ford's veto. In 1975 without U.S. aid, South Vietnam fell to the North. One can only speculate what Nixon and Kissinger might have accomplished, and what might not have come undone, had President Nixon paid more serious attention to a third rate burglary at the Watergate Hotel.

But Kissinger on Kissinger deals only with the foreign policy initiatives that went before. It is a short book in the format of an interview that makes it readable and memorable, one that brings us behind the scenes at some of our history's most consequential events.

West Virginia Joins Growing Sound Money Movement

The following article was provided by Jp Cortez, assistant director at Sound Money Defense League.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Six Other States Now Weighing Their Own Bills to End Taxes on Gold & Silver

Before the ink could even dry on West Virginia Governor Jim Justice’s signature on a repeal of sales taxation on gold, silver, platinum, and palladium bullion and coins, legislators in Wisconsin and Maine introduced similar measures in their own states.

All told, 39 states have now reduced or eliminated sales taxes on the monetary metals, and Wisconsin, Maine, Kansas, Arkansas, Minnesota, and Tennessee are all actively considering bills of their own this month.

West Virginia’s Senate Bill 502 enjoyed tremendous popularity, passing through the State Senate unanimously before passing out of the House 90-9. Starting July 1, investors, savers, and small businesses in the state are no longer required to pay sales and use tax on the exchange of dollars for the monetary metals.

Earlier this week, Representative Justin Fecteau (R - Augusta) of Maine introduced LD 1446, a measure to repeal sales taxes on precious metals, saying, “Seven years since his 2012 run for President, the monetary policy lessons of Congressman Ron Paul still stick out to me. This bill is an important first step to restore sound money in Maine by refusing to tax the conversion from one legal tender to another.”

And Wisconsin State Representative Shea Sortwell (R - Two Rivers) today introduced his measure to end the taxation of money on the anniversary of President Franklin Roosevelt's controversial gold ban 86 years ago.

"On April 5th, 1933, President Franklin Roosevelt made the disastrous decision to confiscate individuals' private gold holdings through Executive Order 6102. American citizens were forced to turn in their gold under the threat of ten years in prison. Shortly after, the price was arbitrarily raised over 50%, a shocking theft of wealth from the American people," said Sortwell.

"Wisconsinites ought to have the choice and freedom to use alternative currencies and money without being taxed for it -- and this bill would put our precious metal sellers on an even playing field with our Midwest neighbors."

Meanwhile, West Virginia Congressman Alex Mooney (R-WV) is doing his own part to end federal income taxation of sound money.

Mooney’s Monetary Metals Tax Neutrality Act (H.R. 1089) would “clarify that the sale or exchange of precious metals bullion and coins are not to be included in capital gains, losses, or any other type of federal income calculation.” 

To be sure, the out-of-control spending and debt embraced by many politicians is directly undermining the value of the dollar and our savings, but momentum is building, particularly in the states, to restore sound money in America

Incensed Over Smollett

Piers Morgan says he owes an apology to Jussie Smollett. Not.

But I would like to make an apology instead, to Smollett himself, and it’s this: I’m truly sorry that I was so complimentary about him.

In fact, I wish I’d gone in much harder.

For the truth is Smollett wasn’t content with just perpetrating an act of wicked deception that grabbed global headlines and made a mockery of real victims of racial or homophobic attacks.

No, he had to go a step further even than that and pretend he’s been completely exonerated of any wrongdoing and is once again the victim – not just of the original ‘attack’, but now of a terrible slur against his good name and reputation.

By doing this, he has confirmed himself to be a truly despicable human being.

It takes a rare kind of execrable douchebag to invoke his mother, God, black history, justice, equality and the ‘betterment of marginalised people’ as he brazenly lies about being cleared over an incident that did unbelievable damage to justice, equality and marginalised people.

Morgan then goes on to say that, as bad as Smollett is, State’s Attorney Kim Foxx and her team including her hapless First Assistant Magats are much worse.

Foxx officially recused herself from the case after she was found to have exchanged text messages with a member of Smollett’s family in the days after the incident.

Now it’s been alleged that she tried to wrestle the case out of the hands of the Chicago Police Department and have the FBI take it over, at the request of Smollett family friend Tina Tchen, who is Michelle Obama’s former chief of staff.

Contemplate the implications of that for a moment or two.  Why would it be better to have the FBI take the case away from the Chicago Police, if Foxx was trying to get Smollett off the hook? 

Foxx told the Sun-Times that [an unnamed Smollett] family member was worried about leaks from the police investigation. Foxx told the newspaper: “They had no doubt about the quality of the investigation, but believed that the FBI would have a tighter lid on the information.”

Or... Tina Tchen thinks she know somebody who can pull strings at the FBI and make the Jussie Smollett case go away, along with any associated embarrassments.  Does that mean, even with James Comey gone, that the FBI still has a functioning customer service department for the politically connected?

News in Brief: Historians Uncover Lost Socrates Dialogues

Breaking news from The Onion!

We even have contemporaneous accounts suggesting Socrates doxxed his opponents, posting their addresses all over the Acropolis and inciting his followers to harass them. It’s pretty amazing to see our culture’s philosophical tradition being born here.

The Social Justice Bubble

A week or so back, news reports began to come out with the obvious intention of letting the left half of the country down gently.  The Mueller Report was not going to be the bombshell lefties have been dreaming about for the last two years.  The bad news came yesterday at 5:00 PM.  Robert Mueller had completed his report and it had been delivered to Attorney General William Barr as proscribed by law.  Coming as it did on Friday afternoon at 5:00 PM, the announcement did not set off delirious rejoicing on the left.  That's the time for releasing news to be covered and then forgotten as quickly as possible.  As part of the Friday afternoon dump, it was announced that Mueller would not recommend additional indictments to the ones already made. 

No indictment of Donald J. Trump, nor of anybody in the Trump family.  No one anywhere has been indicted for the purported reason there was an investigation in the first place — collusion with the Russians to swing the 2016 election, or collusion of any kind with anybody for anything.  And now there won't be any, either.  Rumor has it that Rachel Maddow was in tears as she covered the announcement on her MSNBC prime time show.

If we should ever wonder how we got to where half the country sincerely believed Trump should be impeached for acting as a Russian agent, Friedrich Hayek explained it in a chapter "Why the worst get on top" in his libertarian classic "The Road to Serfdom."

The totalitarian leader must collect around him a group which is prepared voluntarily to submit to that discipline they are to impose by force upon the rest of the people. That socialism can be put into practice only by methods of which most socialists disapprove is, of course, a lesson learned by many social reformers in the past. The old socialist parties were inhibited by their democratic ideals; they did not possess the ruthlessness required for the performance of their chosen task.

[...]

There is literally nothing which the consistent collectivist must not be prepared to do if it serves ‘the good of the whole’, because that is to him the only criterion of what ought to be done.

For the last two years an army of Social Justice Warriors (SJWs)and others have been doing whatever it takes to serve "the good of the whole," which in their minds meant ending the Trump presidency.  This army includes Democrats, journalists, bent FBI agents, Obama holdovers in the Department of Justice, and others. Attaining that particular "good of the whole" demanded extraordinary measures, like conducting unethical, if not illegal, surveillance of American citizens because they happen to be part of an opposition party political campaign.  Like inserting FBI informants into that political campaign.  Like justifying it all with phony dossier masquerading as intelligence.  An army employing such extraordinary measures places a high value on the type of people who are willing to take them. Intelligence and honesty are useless qualities when the good of the whole is at stake.

It's been a hot market for SJWs these last couple of years.  Buyers in the market are players like George Soros, Tom Steyer, and Hillary with her Clinton Foundation, and when these buyers sink resources into their causes they are not buying integrity -- at least, not integrity in the traditional sense. The integrity the buyers hope to attract is unswerving loyalty to "the good of the whole."  Social Justice. For years Democrats and their supporters have been recruiting young Social Justice Warriors right out of college and getting them into positions of consequence, so that by now probably 85% of the journalists in America are in favor of ousting President Trump and happy to do their part to make it a reality. 

But young people grow up, and after a while some of them figure out that many Social Justice issues are contrived and meaningless.  Often, it's too late for regrets. Besides, they've grown comfortable. There's too much to lose. So maybe they've ruined a few lives.  It's pointless to give up the luxurious lifestyle.  Social Justice is a pretense they need to keep up, but the real goal is just to hang in there.

We're there. In the newsrooms and in the corridors of power, they know it's all horse shit, but they have no choice except to soldier on. Their livelihoods, maybe even their very lives, depend on it.  There's barely even the pretense of honesty.  Just rage.  Chuck Schumer, Nancy Pelosi, AOC, Andrew McCabe, Peter Strzok, MSNBC, CNN, the list is way too long.  It has been nonstop BS for years.  There is no possible way they can't know it.  But then, intelligence and honesty are useless qualities when the goal is Social Justice, whatever that happens to mean at the moment, and Social Justice has to be imposed.

We're fortunate that America is still a country of markets. In countries where there are no markets to speak of, resorting to force to establish Social Justice happens early on in the process in the form of a military coup. Here in market oriented America, a military takeover is out of the question. Instead, you might say that we've just about reached the bursting point of a Social Justice market bubble.

The question is whether or not we will ever be back here again in a future market swing. Almost assuredly.  Unless the Social Justice players pay a heavy price for the criminality that arose from their misplaced loyalties, we might be back here sooner than you think.

Herbie Hancock on Miles Davis

In my high school and college days I was an avid Miles Davis fan, and then later on, from hearing his work in the Miles Davis Quintet, I became a big Herbie Hancock fan.  The story Hancock tells in this video gives insight into just how good Miles Davis really was, but it also tells an important lesson in life.  It's a very cool story.

The Border Wall Fight

Shall we settle in with our popcorn for the upcoming, sure to be entertaining, border wall fight?  Ordinarily, I would be pessimistic about the outcome.  Republicans have a bad habit of losing these kinds of budget fights, but I don't have the same misgivings over this one.  Why is that, you might ask?  Trump.

Trump knows what Democrats would rather not say.  Democrats do not want border security.  No matter what you hear Democrats say, they don't want border security. In one of her rare moments of sincerity, Hillary told a group of investors what Democrats really want — open borders.

"My dream is a hemispheric common market, with open trade and open borders, sometime in the future with energy that's as green and sustainable as we can get it, powering growth and opportunity for every person in the hemisphere," Clinton reportedly said to investors in a paid speech she gave to Brazilian Banco Itau in 2013.

Though Democrats have voted for border security in the past, including a border wall, Democrats' long range goal, as stated by Hillary, is open borders.  Open borders will facilitate the demographic shift that has been at the heart of Democratic strategies for achieving permanent progressive majorities. 

Until the 1960s, the surrounding neighborhood of Boyle Heights was far more mixed and less Hispanic than it is today. Jewish immigrants lived there, as did a large Japanese community. There were immigrants from Yugoslavia, Armenia, Russia and even a few Irish.

Bit by bit, they moved away to better neighborhoods, were displaced by urban renewal projects or simply died off, leaving behind no or too few descendants, and Mexicans moved in to fill the vacuum. They came across the nearby border in growing numbers, legally or illegally, searching for a new and better home. Today, about 100,000 people live in Boyle Heights, and 95,000 of them have Hispanic roots. President Barack Obama's reelection was decided in places like Boyle Heights.

By the time Barack Obama won re-election, Democrats were already committed to the abandonment of their traditional core of support, the blue collar union workers, in favor of a strategy of identity politics and unlimited immigration.  Blue collar abandonment became official when Hillary told the a gathering of high dollar Democrat donors, that those who were once a pillar of Democrat support were now "her basket of deplorables."  Trump had picked up the banner of their cause — jobs, manufacturing jobs — and they were throwing their support to him.

The other day President Trump invited Chuck Schumer and Nancy Pelosi over to the White House to discuss, among other issues, the border wall, and much to their chagrin, he also invited the press to come in with their cameras.  Trump does the unconventional, if not the unexpected and he fights to win.

As you watch the video above, you can't help but notice, Schumer and Pelosi were not about happy having the border conversation in full view of the American people.  Trump, on the other hand, was really enjoying it.  He relished the role of Reality President, even though he couldn't tell them, "You're fired."  Trump could, and did, catch them by surprise and he did make them very uncomfortable.  He told them, very publicly, that he would be "proud to shut down the government for border security," setting up a confrontation in which both sides are now dug in.  This isn't the way Republicans usually get into these things, but we're dealing with Trump here.

As for the Democrats, there is a formula for the way these things play out, that they've followed for years, and that they'll follow again.  It starts with careful selection of the issues over which to go into battle.  Important issues for Democrats have three important characteristics. 

1. Democrats must get something out of it, a substantial gain, financial or other, for the Democratic party.  It need not benefit America, Americans, or anybody other than the Democrats.
   
2. It must cast Democrats in the role the fair minded and compassionate champions of those less fortunate. 
3. It must afford opportunities for "exposing" Republicans' "real motives," greed, racism, sexism, xenophobia, Islamophobia, homophobia — you name it.

In the past when Democrats had faithfully followed their script, Republicans would resist briefly then give up in fear that mud-flinging Democrats would get some of the mud to stick, and voters would then punish them on election day. 

The immigration and border security fit the Democrat model perfectly. For decades Democrats have been systematically promoting illegal immigration, sanctuary cities, and lax immigration enforcement in order to pack the voter rolls with Democrat-voting migrants. I should note that this dovetails with Democrats' opposition to any kind of legislation requiring states to confirm that a voter is legally entitled to vote.

1. Maintaining that pipeline of left leaning voters from south of the border is a huge benefit to the Democrats. In fact, a cutoff in the flow of those new voters poses a threat to their future electoral success.
   
2. The plight of migrants at the border, especially the children, sets the stage for Democrat moral preening. The wall is immoral, they say.
   
3. It's been the go to tactic for Democrats to call Republicans racist, but the issue of security along the Mexican border lends itself to more strident accusations since Latin Americans are generally considered non-white.

If we were back in pre-Trump days, we would watch in dismay as Republicans followed their own script for capitulation.  "Moderate" Republicans, eager to prove their commitment to "diversity" and to demonstrate "statesmanship," would "reach across the aisle" for "compromise."  Today, Republicans know they have to counter the Democrats at each point of attack.  With Trump showing them they way, I believe they can and will.

1. Immigration and border security are important to Americans of all races and creeds, and Trump is not about to allow Democrats to import a new electorate from Central and South America to replace the American electorate that is already here. 
2. Democrats are far from compassionate when they entice people by the millions to travel through territory controlled by drug cartels in the fading hope of reaching sanctuary and under the table jobs. 
3. The race card has worn thin.  It's not racist for Republicans or for anybody else to support border integrity.

Pelosi is betting it will play out according to the old script, confident that the threat of punishment at the polls will force the Republican side to give in.  She is leaving no room for compromise. 

"Are you willing to come up and give him some of this money for the wall?" Guthrie asked. "Because apparently that's the sticking point."

"No, no. Nothing for the wall," Pelosi responded. "We're talking about border security."

"We can go through this all back and forth—no," Pelosi continued. "How many more times can we say no? Nothing for the wall."

It may not work out so well for her this time. Trump and the Republicans are either confident that matching her hard line stance won't come back to bite them, or confident that failing to match it would be worse.  I suspect congressional Republicans realize that caving in will be worse for them.  If they give up on the wall and fail to secure the border, they can kiss future elections goodbye.  The formerly moderate Republican Senator Lindsey Graham apparently agrees.

"To Nancy Pelosi and the House Democrats: No Wall Money, No Deal," Graham tweeted on Friday.

Republicans are catching on to how Trump fights.  As he wins his fights he wins more and more Republicans to his side.  Complain of his demeanor, his tweets, and his manners if you will, but Trump has been demonstrating to Republicans that it's possible to actually stand for something and win.  But they've got to fight and it's not always pretty.

Democrats have a knack for flexibility.  What they have voted for on earlier occasions they denounce as racist and white nationalist today.  Aren't they forever getting "woke."  It's a wonder their voters survive the whiplash, but perhaps Democrat voters think they're in on the deal.  They think they understand how Democrats have to pander to those not as smart and discerning as themselves, the people who don't have sense enough to vote for their own best interests.  Democrat voters are happy to elect leaders who are wise enough to impose what the less intelligent people can't perceive is best.

However, flexibility on issues has its drawbacks.  Democrats depend on the new crop of voters each year who don't know, and couldn't care less, how their leaders voted last year.  Therein lies the importance of border security, which Democrats will pretend to be for, while doing everything in their power to undermine, or flat out prevent.

Trump has a knack for flushing out the hypocrisy in Democrats. It's a new ballgame.  Don't count on Trump losing it.

Last updated January 6,2019, 9:03 AM.

2018 – A Look Back

Forget what Time Magazine says about its 2018 Person of the Year.  In 2018 it was Trump again, a fact that was affirmed by none other than Time Magazine's executive editor, Ben Goldberger.

The designation wasn't intended as a specific message to the magazine's runner-up choice, President Donald Trump, who has denounced "fake news" and called some reporters enemies of the people, said Ben Goldberger, executive editor.

It wasn't intended as a specific message?  Pardon my skepticism.  Let me stop here and state up front, journalism can be a dangerous, life threatening, life ending occupation.  With rare exceptions, the awards journalists get are well deserved.  At the same time, it's no good pretending that there have not been those exceptions.  The New York Times proudly displays a Pulitzer Prize won in the 1930s by Walter Duranty for a series of articles extolling the wonders of a supposed Soviet workers paradise.  In reality millions were dying of starvation in the Ukraine from Stalin's collectivism induced famine.  Duranty and the Times knew it and ignored it, publishing a work of fiction glorifying the benefits of communism instead.

But back to 2018, why is this the Year of the Journalist, and not any of the preceding eight years?  Because Trump.  When the Obama Justice Department was caught spying on Fox News and Associated Press reporters, did Time Magazine champion their cause with Person of the Year honors?  No.  Nor did Time Magazine indicate any concerns about very real threats to journalism posed by Obama administration cyber attacks against Sharyl Attkisson, a reporter for CBS at the time.

Time's award, it seemed, was triggered by the death of Jamal Kashoggi whose horrific murder was ordered by someone high up in the Saudi government.  But Kashoggi's murder did not signal a rise in political targeting of journalists.  According to The Committee to Protect Journalists, the number of journalists confirmed to have been targeted in 2015 was 73 compared to 53 in 2018.  In fact over the eight years of Obama's presidency, on average there were 10 more journalists confirmed to have been killed each year than in 2018.  Where were the honors then?

In 2018 journalists get the honors because Trump has been calling out the press for its frequently biased, misleading, and dishonest reporting. 

Time said that 2018 has been marked by manipulation and abuse of information, along with efforts by governments to foment mistrust of the facts.

Trump makes everybody crazy.  And it's not just the liberal media that are suffering nervous breakdowns. Trump is a nightmare for the left.  Liberal pundits have wet dreams of impeachment. Here's Robert Reich with a left wing confection of and wild, unrealistic imaginings.

Where would we be if a president could simply shut down the government when he doesn’t get his way? If he could stop federal prosecutions he doesn’t like and order those he wants? If he could whip up public anger against court decisions he disapproves of? If he could mobilize the military to support him, against Congress and the judiciary?

NeverTrump conservatives like Jonah Goldberg are having fits too.  I don't know what Goldberg's problem is, but he just doesn't seem to get Trump.  I don't know whether Goldberg really doesn't understand, or he's in denial.

Nearly all of the controversies that have bedeviled Trump’s administration are the direct result of his character, not his ideology. To be sure, ideology plays a role, amplifying both the intensity of anger from his left-wing critics and the intensity of his transactional defenders. Many of the liberal critics shrieking about the betrayal of the Kurds implicit in Trump’s decision to withdraw from Syria would be applauding if a President Clinton had made the same decision. And many of the conservatives celebrating the move would be condemning it.

But Trump’s refusal to listen to advisers; his inability to bite his tongue; his demonization and belittling of senators who vote for his agenda but refuse to keep quiet when he does or says things they disagree with; his rants against the First Amendment; his praise for dictators and insults for allies; his need to create new controversies to eclipse old ones; and his inexhaustible capacity to lie and fabricate history: All of this springs from his character.

Goldberg tries to peddle the notion that Trump is anti-democratic when he hits back at his enemies. Trump routinely calls out members of the media for inaccurate, misleading, or downright dishonest reporting.  When he does that, Goldberg tries to sell it as an attack on the First Amendment.  In doing so Goldberg is actually using a technique he describes in a book he wrote called The Tyranny of Cliches: How Liberals Cheat in the War of Ideas. Here is an example that he provides in the book's product description:

"One man’s terrorist is another man’s freedom fighter: Sure, if the other man is an idiot. Was Martin Luther King Jr. a terrorist? Was Bin Laden a freedom fighter?"

Calling Osama bin Laden a "freedom fighter" is not very different from saying that Trump "rants against the First Amendment" when he is really calling out Goldberg's fellow journalists for using the very technique that Goldberg complained about in his book.  But the book was published in 2013, which has left Goldberg with five or six years to revise his thinking on the subject. Sadly for Goldberg, Trump supporters know the difference between Goldberg and reality.  Complaints about biased or dishonest news reporting are not complaints about the First Amendment, no matter how badly Goldberg wants to make Trump out to be a fascist.

Looking back over the year, it's pretty obvious that Trump has been playing Goldberg and the rest of the liberal media "like a banjo at an Ozark hoedown," to quote Marvin Boggs in the movie Red 2.  Creating new controversies is Trump's way of focusing the media on subjects they'd rather not cover. Recall when newly elected Trump tweeted about Obama wiretapping his campaign.  "Without any evidence!" screeched the media in response.  Fast forward:  Is there anyone, anywhere who doesn't know that the Obama intelligence community had the Trump campaign under surveillance?  And, that such surveillance was unethical at best and most likely illegal.

Tweets will not go away.  Trump's tweets are obnoxious and annoying to Goldberg and the liberal media because they provide a platform that they can't filter.  Trump, the real Person of 2018, has controlled the news cycles from wire to wire, and in so doing he's forced the Democrats to oppose positions they once claimed to favor, and to fight for positions they once pretended to be against.  Democrats were always opposed to border security, but they always pretended to support it.  Trump is forcing the Democrats to be more truthful, and they don't like it.  Democrats want the flexibility to pretend they stand for whatever will help them at the moment, but Trump is tearing down the facade, ripping off the mask.

Expect the same in 2019.  Break out the popcorn, the border wall fight is about to begin in earnest.  Don't count on Trump losing it.

Last updated: January 2, 2019

Flynn Sentencing Delayed Again

I'm confused by Judge Emmet Sullivan's decision to delay sentencing Michael Flynn for his crime of lying to the FBI. Flynn pled guilty to it. But a presumably routine sentencing blew up when the judge launched into a tirade suggesting that Michael Flynn may be guilty of much more than lying to the FBI. He might be guilty of treason. In the heat of the moment Sullivan might truly have believed it. But he turned around a short time later and walked it all back.

Judge Sullivan erupted right after Flynn declined several of his offers to let Flynn withdraw his guilty plea. There was no question, Sullivan was livid. 

So Sullivan kicked things off asking Flynn, the highest ranking official so far charged with crime in Trump’s White House circle,if he wanted to withdraw his guilty plea and if he had in fact been tricked. Flynn responded he had aware that his lying repeatedly to the FBI about his contacts with Kislyak was a crime and he did not want to withdraw his guilty plea.

After Sullivan gave Flynn several opportunities to withdraw that plea, he formally accepted the plea, then lit into Flynn, calling his offense “very serious” and expressing his “disdain” and “disgust.”

And then the judge really unloaded on Flynn. He seemed to lose it, almost completely.  Sullivan might have intended all along that he would intimidate Flynn.  Well, upping the ante from lying to treason was sure to do it.  But the accounts that are available seem to say that the judge gave into his rage and ranted.

"Not only did you lie to the FBI, you lied to senior officials in the incoming administration," Sullivan told a startled Flynn. Beckoning to the flag, the judge continued: "All along, you were an unregistered agent of a foreign country while serving as the national security adviser to the president of the United States. Arguably, that undermines everything this flag over here stands for. Arguably, you sold your country out."

Sullivan even asked whether Flynn's behavior "rises to the level of treasonous activity. … Could he have been charged with treason?"

The prosecutor answered, "No," but that was small comfort to Michael Flynn.  Just when he thought his legal problems might be coming to an end, Judge Sullivan said, not so fast.  Even though Flynn had not been charged for failures related to Foreign Agents Registration Act, the judge made it clear they would be taken into consideration when in the sentence for lying.  And that would lift the odds in favor of jail time.

Sullivan said that while he can’t guarantee that Flynn will receive a lighter sentence after his cooperation is fully over, it would at least allow the court to take everything into consideration with regard to Flynn’s assistance to prosecutors. “I can’t consider the full extent of your cooperation in this case,” Sullivan said, noting that Flynn’s crime of lying about his conversations with the Kislyak was “very serious” and resulted in top White House officials—including the vice president and press secretary—lying to the public. “You can’t minimize that,” he said. “If you want to postpone this, that’s fine with me.”

What a shock to Flynn and his defense team. Judge Emmet Sullivan had earned a reputation for coming down hard on prosecutorial misconduct. It was Judge Sullivan who dismissed the guilty verdict against the late Senator Ted Stevens of Alaska.  Stevens was the victim of overzealous and likely partisan prosecutors who withheld exculpatory evidence from his defense team during his trial for corruption in 2008.  Sullivan threw out the verdict, but the trial cost Stevens his re-election to the Senate. Then in 2010 Stevens was killed in a plane crash.  So, if fireworks were in store this time, they were expected to be along the same lines as in the Stevens case with Judge Sullivan focusing on potential misconduct in the Office of the Special Counsel Robert Mueller.  Signs pointed in that direction when Sullivan was assigned to Flynn's case. He replaced the abruptly recused Judge Rudolph Contreras, and as his force order of business Sullivan issued a "Brady" order to the Special Counsel.

It was Judge Rudolph Contreras who accepted General Flynn’s guilty plea, but he suddenly was recused from the case. The likely reason is that Judge Contreras served on the special court that allowed the Federal Bureau of Investigation to surveil the Trump campaign based on the dubious FISA application. Judge Contreras may have approved one of those four warrants.

The judge assigned to Flynn’s case now is Emmet G. Sullivan. Judge Sullivan immediately issued what is called a “Brady” order requiring Mueller to provide Flynn all information that is favorable to the defense whether with respect to guilt or punishment. Just today, Mueller’s team filed an agreed motion to provide discovery to General Flynn under a protective order so that it can be reviewed by counsel but not disclosed otherwise.

This development is huge. Prosecutors almost never provide this kind of information to a defendant before he enters a plea — much less after he has done so.

Sullivan's Brady order shifted attention to the Special Counsel Robert Mueller . Had anything been denied the defense team?  Did Judge Sullivan suspect that Mueller coerced Flynn into a guilty plea for a crime he didn't commit?  And does Judge Sullivan still harbor such suspicions?  The Special Counsel had not strictly followed Department of Justice policy, which generally requires that defendants be charged with the most serious offenses that can be supported by evidence.

On Monday, however, the Eastern District of Virginia unsealed an indictment charging Flynn’s business partner and another Turkish individual with crimes related to their failure to register as a foreign agent acting in the United States. For the first time, the indictment revealed the full nature and extent of Flynn’s illegal conduct related to his work with Turkey. This egregious conduct involved a months-long scheme by Flynn and his partners to illicitly and secretly charge the Turkish government hundreds of thousands of dollars in return for lobbying American officials to reverse stated U.S. policy to the benefit of the Turkish government while Flynn worked as a critical national security adviser to the Trump campaign. What’s more, Flynn was then complicit in lying to the Justice Department about this foreign lobbying during and after he served as Trump’s national security adviser.

Yet Mueller did not require Flynn to plead guilty to this conduct, which would have increased his sentencing exposure. Mueller seems to have artificially suppressed Flynn’s sentencing-guidelines range in return for his cooperation, contrary to Justice Department policy. And he recommended no prison for Flynn.

As it stands, Michael Flynn did not withdraw his guilty plea, but he did agree to a delay in sentencing, and in the meantime,presumably, his obligation to cooperate with prosecutors remains in force.  But the difference now is that Judge Sullivan has required Special Counsel to provide him with all details of Flynn's cooperation.  What is going on?

By outward appearances, Robert Mueller is now finished squeezing Michael Flynn for evidence of Trump campaign collusion with Russia, but that doesn't mean Michael Flynnn is done being squeezed. Judge Emmet Sullivan seems to have taken over the squeezing, the object of which might be to extract evidence of improper behavior on the part of Special Prosecutor Robert Mueller. For instance, why was Flynn given a sweetheart deal — no jail time for one count of lying — when he might well have been charged for acting as an unregistered agent of a foreign power?  Then again, maybe that wasn't such a sweetheart deal, especially when you compare it to the one Tony Podesta appears to have gotten.  Tony is the brother of Hillary Clinton's campaign manager John Podesta. To absolutely no one's surprise, Tony Podesta, apparently guilty of the same crime as Flynn — acting as an unregistered agent of a foreign power — has never been charged with anything.

When this latest sentencing delay in Michael Flynn's case was announced my first thought was, what a gift, another excuse to keep the investigation going — carte blanche for Robert Mueller.  Now I'm not so sure about that. My confusion continues. When Judge Emmet Sullivan took up this case he was very much interested in Robert Mueller's actions. It appears he still is.

Last updated December 21, 2018, 5:48 AM

Richard Cantillon, the Most Important Economist You’ve Never Heard Of

The following article was provided by Jp Cortez, assistant director at Sound Money Defense League.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Richard Cantillon is the most important economist you’ve never heard of.

Born in Ireland sometime in the mid- to late-1600s, Richard Cantillon’s contributions to economics are found in his major work, Essai sur la Nature du Commerce en General (Essay on the Nature of Commerce in General).

In 1734, Cantillon was mysteriously murdered by a disgruntled former employee, and his home was set ablaze. Essai, which survived the fire, was published in 1755.

Cantillon’s work went on to influence Adam Smith and other well-known economists. Essai included his observations on production and consumption, money and interest, international trade and business cycles, and inflation.

We have a basic understanding of inflation and its effects. Put simply, inflation is an increase in the money supply.

An increase in the supply of money that isn’t met with an increase in the demand for money necessarily leads to price inflation, ceteris paribus. Said another way, prices rise as new money is introduced, all other things being equal.

However, this cursory understanding of inflation only paints half the picture. A less discussed aspect of this process is not only that the monetary supply has increased, but how. The entry point of new money into the economy has profound implications.

The effects of inflation are not uniform throughout the economy.

Cantillon writes, “I conclude … that by doubling the quantity of money in a state, the prices of products and merchandise are not always doubled. The river, which runs and winds about in its bed, will not flow with double the speed when the amount of water is doubled.” Monetary inflation does not affect prices proportionally or simultaneously, to the benefit of some and to the detriment of others.

In a central-bank directed economy, the entry point of money is via large commercial banks. Unelected bureaucrats, bankers, and other members of the deep state are the first to enjoy this “new money.”

In the early stages of the proliferation of new money into the economy, prices have not yet adjusted to the increase in money supply. Those at the top of the monetary monopoly receive and spend this new money at low prices.

And then the other shoe falls.

By the time new money reaches the average consumer, prices have risen to reflect the increase in monetary supply. Those who don’t receive new money until later in the process can do little more than watch the purchasing power of their Federal Reserve Notes (i.e. dollars) inflate away.

Many politicians today champion “fixing” income inequality and wealth disparity. To fix these problems we should revisit the work of Richard Cantillon and examine the systemic shortcomings of a financial system that serves to benefit the wealthy at the expense of the poor.

Politicians hoping to help the common man should support ending the elites’ monetary monopoly and the disastrous effects of their printing of fake money.

In Global Warming News...

Sorry. I meant to say, "Climate Change News."  But, there's nothing new, really.  Like most all progressive issues,Climate Change is about wealth redistribution, and in the case of the Climate Change issue, this means wealth redistribution from richer countries to poorer countries.

The hyperbole continues in Katowice, Poland – where 30,000 activists and bureaucrats (and a few scientists) are meeting to finalize regulations to implement the 2015 Paris climate treaty and compel wealthy nations to give trillions of dollars in “adaptation, mitigation and compensation” money to poor countries that have been “victimized” by climate change, even as the rich nations de-industrialize.

More importantly, Climate Change is about the substantial sums that will rub off on progressive redistributionists who selflessly assist in the wealth liberation from the richer (capitalist) countries.

As a side note, Power Line's This Week In Pictures graphically illustrates how "Global Warming" became "Global Climate Change".

 

Pelosi For Speaker

I watched Nancy Pelosi's press conference yesterday. She paid lip service to bipartisanship and working with Republicans, all the while speaking of Republicans in the most insulting of terms. She accused Republicans of 'assault' on health care, and called the tax bill a 'Republican scam.' She used the terms 'Republican assault' and 'Republican scam' more than once while claiming her intent to be be bipartisan. I had to force myself to keep watching the deceitful old hag.

I have no doubt that Democrats in congress plan to obstruct and investigate. It's not going to go over very well with Americans, most of whom have no interest in Mueller's Russia probe. Meanwhile Trump claims to be serious when he says Pelosi deserves to be Speaker. He wants her there.

I'm not one for 4D chess, but I do think Trump knows what he wants to do, and has realistic plans and strategies for getting it done. I can't imagine Pelosi getting the better of him. Trump really did accomplish a lot in his first two years.

My faith sometimes weakens, and I grow fearful that Trump might revert to typical Republican presidential form -- bipartisan for the sake of being bipartisan and preserving a legacy. But then Trump unceremoniously dumped Attorney General Jeff Sessions. I expect he will soon declassify FISA applications. To hell with all the talk of obstruction of justice.  Trump doesn't need to get along with the Democrats, congress, or anybody else for the sake of a legacy. Trump sees his legacy is about getting substantive things done.

And he wants Pelosi in the Speaker chair.  Maybe he thinks he can work with her, or maybe he thinks she will make a wonderful foil, a villain.  Whatever the case, Trump wants Pelosi in the Speaker chair.

We Are No Longer One People

In his essay, Our Revolution’s Logic, Angelo Codevilla says that revolution is coming.  He can't say what will happen, or when — only why.

This is our revolution: Because a majority of Americans now no longer share basic sympathies and trust, because they no longer regard each other as worthy of equal consideration, the public and private practices that once had made our Republic are now beyond reasonable hope of restoration. Strife can only mount until some new equilibrium among us arises.

Our Logic

The logic that drives each turn of our revolutionary spiral is Progressive Americans’ inherently insatiable desire to exercise their superiority over those they deem inferior. With Newtonian necessity, each such exercise causes a corresponding and opposite reaction. The logic’s force comes not from the substance of the Progressives’ demands. If that were the case, acquiescing to or compromising with them could cut it short. Rather, it comes from that which moves, changes, and multiplies their demands without end. That is the Progressives’ affirmation of superior worth, to be pursued by exercising dominance: superior identity affirmed via the inferior’s humiliation. It is an inherently endless pursuit.

10 Red Flags

According to Adam Mill, a Kansas City attorney who specializes in labor and employment law, "It’s not nice or politically correct to say, but people do sometimes lie to get money, revenge, power, attention, or political advantage. False allegations of assault have been documented."  Mr. Mill lists his 10 red flags that tell him when an assault accusation might not be true. Here are the first three:

1. The accuser uses the press instead of the process.

Every company has a slightly different process for harassment and assault complaints. Often it begins with a neutral investigator being assigned to interview the accuser first, then potential corroborating witnesses. When an accuser is eager to share with the media but reluctant to meet with an investigator, it’s a flag.

2. The accuser times releasing the accusation for an advantage.

For example, when the accuser holds the allegation until an adverse performance rating of the accuser is imminent, or serious misconduct by the accuser is suddenly discovered, or the accused is a rival for a promotion or a raise, or the accused’s success will block an accuser’s political objective. It’s a flag when the accusation is held like a trump card until an opportunity arises to leverage the accusation.

3. The accuser attacks the process instead of participating.

The few times I’ve been attacked for “harassing” the victim, it has always followed an otherwise innocuous question about the accusation, such as: Where, when, how, why, what happened? I don’t argue with accusers, I just ask them to explain the allegation. If I’m attacked for otherwise neutral questions, it’s a red flag.

Sound familiar?  Here is the rest of it. It's worth reading.