Commentary The State of New Jersey recently enacted a law that requires K–12 students to learn “information literacy.” Stated plainly, this is the skills to determine what’s true and what’s not. The law is allegedly the first of its kind in the nation. The sentiment behind the legislation is admirable, but the law itself is vague and gives the…
The Fed Is Making Things Ever Worse
March 13, 2023
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Business & MarketsBusiness ColumnistsFederal Reserveinflationinterest ratesjerome powellOpinionrecessionSilicon Valley BankSilicon Valley Bank CollapseViewpoints
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Commentary Jerome Powell came to power at the Fed with the determination to reverse the astounding errors of his predecessors, most especially Ben Bernanke who received the Nobel Prize for the dumbest central-bank policies since the Weimar Republic. Back in 2008, Bernanke pushed borrowing costs for banks to zero and held them there for years…
When Bank Failures Presage Political Opportunity
Commentary Friday, March 10, brought a couple of bits of important news from the world of finance. The jobs report was strong, with some 311,000 jobs added in February. Hurrah! Break out the champagne, right? Not so fast. That same day we got the news that the Silicon Valley Bank (SVB), which I’d wager most…
DeSantis’ Effort Fights Defamation, but Could Harm Press Freedom
March 13, 2023
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AnalysisConservativedefamation lawFlorida billsmainstream mediaMedia StatementsNeil GorsuchNicholas SandmannOpinionron desantisU.S. Supreme CourtViewpoints
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Commentary Presidential hopeful Ron DeSantis presents himself as a serious, pro-business, anti-woke, and conservative alternative to both former President Donald Trump and current President, Joe Biden. Controversially, DeSantis is reportedly pro-big-conservative government—looking for ways to protect the little guy from institutional elites often more concerned about making money in China, for example, than the future…
No—ESG Doesn’t Offer Investors More Choices, Nor Is It Part of the Free Market
Commentary On Feb. 28, Sen. Chuck Schumer (D-N.Y.) wrote an impassioned appeal in The Wall Street Journal for Republicans to support environmental, social, and governance (ESG) scores because ESG ostensibly represents the free market at work, by offering investors more “choices.” Schumer appears to be deeply confused about how ESG operates. Or, more likely, he’s…
The Federal Trade Commission’s Monopoly on Thought
Commentary The Federal Trade Commission (FTC) was established with massive bipartisan support in 1914 to fight monopolies. But under the Biden administration, this powerful government agency has become something like a police force favoring the most dangerous form of monopoly: that which prevents competition in free expression. Although there were differences on whether to regulate…
The Silicon Valley Bank Collapse Is a Direct Consequence of Loose Monetary Policy
March 13, 2023
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Business & MarketsBusiness Columnistseconomyinflationloose monetary policyOpinionSilicon Valley BankSilicon Valley Bank CollapseUSUS News
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Commentary The second-largest collapse of a bank in recent history after Lehman Brothers folded in 2007 could have been prevented. Now, the impact is too large, and the contagion risk is difficult to measure. The demise of the Silicon Valley Bank (SVB) is a classic bank run driven by a liquidity event, but the important…
When You’ve Lost Chuck Schumer, You’ve Really Lost
Commentary Late in the afternoon of March 8 the Senate voted to block an overhaul of Washington DC’s criminal code that would have shaved years off prison sentences for a range of violent crimes including rape, armed robbery, burglary, and carjacking. The Senate vote was overwhelming: 81–14. Only a few Democratic Party diehards seemed willing…
The End of Representative Government?
Commentary In their 2010 book “The Blueprint,” authors Adam Schrager and Rob Witwer document how four “progressive” Colorado mega-donors funded political hit squads to defeat Republican state legislative candidates. (After the book was published, one of the four mega-donors bought himself the state’s governorship.) The authors explain that the mega-donors’ project was made possible by…
Fight for Freedom in the Face of Evil
March 12, 2023
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AustraliaCCPccp human rights abusesChinaChina Human RightsChinese RegimeFalun GongInternationalOpinionsocial controlSpecial TopicsViewpointsWorld
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Commentary The ugliness and brutality of the communist dictatorship under which the Chinese people suffer was on full display in the courts of the Australian Capital Territory when a 30-year-old Chinese national Kang Zhao was fined $3,000 (US$2,000) for assaulting a peaceful protestor. On March 10, the public of Australia were shocked to hear the…
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