Commentary America’s shipping industry isn’t a whipping boy—it’s one of our strengths. Sadly, the Jones Act, which promotes U.S. shippers, is treated like it is. Irrational political voices have argued that repealing the law would do many things, but policymakers should be cautious about taking such a drastic step. Some have asserted, for example, that repealing…
Corporate Minimum Tax: A Globalist Agenda
Commentary The Inflation Reduction Act, passed by both houses, includes a 15 percent corporate minimum tax, which will be a major step toward increased government powers and forced globalization on top of being detrimental to the economy. “It’s surprisingly close to something you could almost describe as a worldwide tax system,” Danielle Rolfes of KPMG…
Fix the Money, Fix the Government
Commentary In the midst of all this incredible political and economic chaos, I was tasked with packing up my mother’s things to prepare for her move to assisted living. It’s a gravely emotional experience for anyone, as I’m sure you know. I adore that woman, and going through her house offered ten thousand reminders. The…
Taiwan Invasion: An Economic Disaster for China
Commentary Mystery surrounds why Nancy Pelosi went to Taiwan, but there is no mystery about the trouble that visit caused. Sino-U.S. relations have become exponentially more tense than they already were. Beijing has used impressive military exercises to make an even more impressive demonstration and even hinted at invasion. It remains an open question where…
Paul Volcker and 1982—Why Now Isn’t Then
Commentary Jerome Powell isn’t Paul Volcker, and this isn’t 1982. As of late, market analysts are stumbling all over themselves, trying to outdo each other on the “why this time is different” related to the Federal Reserve’s ongoing inflation fight. One of the more interesting comparisons came from the always uber-bullish Tom Lee of FundStrat….
The Recovery Must Begin Now
Commentary The Centers for Disease Control and Prevention has been the guiding hand throughout the disastrous pandemic response. The influence of this bureaucracy shattered communities, businesses, families, schools, markets, and so much more. It wrecked trust in government, media, and all other institutions like Big Tech. Every person has a story to tell, many of…
Why Isn’t China Stimulating Its Economy and What Does This Mean?
Commentary For much of the past 10 to 15 years, the Chinese economy followed a familiar boom and bust pattern, even if the official GDP data was suspiciously straight. Central government authorities would flood the market with fiscal and monetary stimulus until activity began to run too hot and then tighten money. Authorities engaged in…
Along With Trump’s Home, Biden Wants to Raid Your Bank Account
Commentary How self-destructive can the Democratic Party be? In control of the White House, Senate, and House of Representatives, they’re not satisfied with bearing the blame for the highest inflation in four decades; a recession that has only just begun; a bloody debacle in Afghanistan last year that left 13 of our servicemen and women…
The Hidden Enemy Now Stares Us in the Face
Commentary The most bizarre feature of the raid on Donald Trump’s home was its incredible invasiveness. It was how several days went by before anyone was willing to take responsibility for it. All inquiries to the White House were met with hand waves and shoulder shrugs. The FBI would not comment. All we had were…
Inflation Won’t Go Away Soon
Commentary The latest inflation news looks remarkably good, at least on the surface. The Labor Department reported that overall the consumer price index (CPI) for July showed no inflation. After months of horrific news and no small amount of fear, this seemingly happy result arrived entirely from a 4.6 percent drop in energy prices. The…
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