Commentary As reported by The New York Times Magazine at the time, Joe Biden’s goal was to transform the economy from the get-go: “The Biden Team Wants to Transform the Economy. Really.” Nearly two-and-a-half years later, the damage and chaos of that transformation process are obvious: continuing high inflation (especially energy, food, and gasoline prices),…
Biden’s Economic Program Is ‘Made in China’
May 15, 2023
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BidenomicsChinese-made green technologiesfossil fuelgreen new dealJoe BidenOpinionThinking About ChinaUS-China trade deficit
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Long-Term Inflation Expectations Reach 12-Year High
Commentary According to the University of Michigan, inflation expectations index for five to 30 years reached a 12-year high of 3.2 percent. At the same time, the consumer sentiment index declined to 63.5, compared to a pre-pandemic high of 300. The deterioration in the situation of consumers is evident. The official narrative is that inflation…
Do Whites Also Deserve Reparations?
Commentary In the United States, calls for reparations are, once again, heating up. A Duke University professor recently called for $14 trillion in reparations for the descendants of American slavery (roughly $350,000 per recipient). The professor, William Darity, isn’t the only one calling for reparations. The mayor of Boston, Michelle Wu, has established a task…
One-in-Five Students Enter High School With Year 4 Level Literacy and Numeracy: Research
One in five students is starting high school with the literacy and maths skills of a Year Four student, says the latest government report outlining Australia’s flunking education system. The Australian Educational Research Organisation (AERO) has put forward a multi-tiered support system to help high school students, who are without foundational literacy and numeracy skills,…
Dutton Makes Bold Move in Catch 22 Budget Reply
Commentary The lot of a first-term opposition leader is hell on earth. No matter what initiative is promoted, the cry will be: “Well, why didn’t you do it while in government?” And, of course, every problem the new government faces is the fault of the previous government, which left everything financially booby-trapped. On top of…
Opposition Leadership Pours Fuel on Victorian Liberal Party Dumpster Fire
Commentary Just when I thought things could not possibly get worse for the centre-right Victorian Liberal Party … they did! Having agreed weeks ago to suspend conservative MP Moira Deeming from the Parliamentary Liberal Party for nine months after speaking at a rally that was hijacked by neo-Nazis, the leadership has now plunged the organisation…
A ‘Caring’ Budget Would Have Put Productivity First
May 14, 2023
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AustraliaAustralian federal budgetBusiness & MarketseconomyInternationalOpinionproductivityViewpointsWorld
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Commentary There is more care than productivity in this budget. Literally, ‘care’ is one of the most frequently used words in the budget, with 20 mentions, while “productivity” has just four. Yet, if we are to pull ourselves out of the hole we have dug ourselves into, increasing productivity is the most important thing. Word…
What to Do If the Debt Ceiling Fight Worsens
May 14, 2023
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Business & MarketsBusiness Columnistsdebt ceilingdefaulteconomic policieseconomygoldinvestorsOpinionUSViewpoints
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Commentary The debt ceiling debate in Washington has been widely discussed but so far, few investors are truly worried. Most believe that when the deadline arrives, Congress and the White House will reach an agreement—even if it’s to kick the can down the road. As of now, Treasury Sec. Janet Yellen has set the deadline…
David Krayden: Why Did the Government Wait So Long to Expel Chinese Diplomat Given He Was Targeting Chinese Canadians?
May 14, 2023
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BeijingCanadaCanadian Security Intelligence Service (CSIS)Chinese RegimeMichael ChongOpinionPrime Minister Justin TrudeauViewpointsWorldZhao Wei
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Commentary The Liberal government finally expelled Chinese consulate official Zhao Wei last week when it became virtually impossible not to. With mounting evidence that Zhao had put the family of Conservative MP Michael Chong under surveillance in Hong Kong, even Prime Minister Justin Trudeau understood he needed to do something to indicate Canada’s official diplomatic…
Jay Powell: Anti-Hero
Commentary If you’re looking for a spirited argument in favor of preserving and perpetuating the independence of a central bank from political pressures and the whims of the mob, you won’t find better than the words of none other than Federal Reserve Chairman Jerome Powell. “Long experience, in the United States and in other advanced…
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