Commentary This morning’s release of April’s Consumer Price Index (CPI) data showing inflation had fallen from 5.0 percent in March to 4.9 percent annually was received as a disappointing reminder that inflation, while down from highs in the summer of 2022, is far from behind us. Yet there is increasing evidence to support the suspicion…
Forget the CPI: Real Inflation Is Much Higher
May 10, 2023
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Michael Zwaagstra: Fight Grade Inflation With Standardized Testing in Ontario and Beyond
Commentary All high school diplomas are equal, but some diplomas are more equal than others (apologies to George Orwell for shamelessly appropriating and modifying this quote from “Animal Farm”). On one hand, all high school diplomas are equal. Apart from mature students, a diploma is the minimum requirement for being accepted into college or university….
China Increases Its Use of Exit Bans
Commentary Xi Jinping has two big problems as a student of economics. One, he and his government seem to have no idea of what motivates people to invest and take economic risks. Two, Beijing seems unable to resist any exercise of power. Both these problems show clearly in Beijing’s heightened use of exit bans against…
America Will Never Give Up Its Ideals
May 10, 2023
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Commentary Two years ago, major American cities were segregated by vaccine status. Mask mandates delineated safe and unsafe. Signs told us to be separate from each other. We couldn’t even encounter each other during shopping thanks to one-way grocery aisles. We were not allowed to visit families or even attend funerals. Weddings were out of…
The Long Road to Confronting China’s War on Religion, Part II
May 10, 2023
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CCPChinaChinese Communist PartyFalun Gongforced laborforced organ harvestingfreedom of belieffreedom of worshipgenocidehuman rights abusesOpinionreligious persecutionsecret police stationThinking About ChinaViewpoints
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Commentary Falun Gong emerged in China in 1992, a time of a spiritual renewal in a land still under Communist rule, but one recovering from the horrors of Mao Zedong’s Cultural Revolution. Drawing on Buddhist traditions, Falun Gong combined meditation and tai chi-style exercises with a moral philosophy centered on the tenets of “zhen,” “shan,”…
Climate Envoy John Kerry’s Jet-Set Spending Is Getting Plenty of Cloud Cover
May 10, 2023
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Analysisclimate changeenergy crisisenergy transitionfossil fuelsglobal warminggreenhouse gas emissionsJohn KerryOpinionU.S. economyUS
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News analysis John Kerry leads an international jet-set life that might exhaust a runway model. If President Biden’s special envoy for climate was not in Washington or relaxing at his mansion near Nantucket Harbor, he could be found in Brazil, Panama, the Bahamas, or Germany. And that’s just in February and March. While Kerry trumpets…
ESG Is Digging a Deeper and Deeper Hole for Itself
Commentary Remember the hole-digging rule? When you’re in a hole, stop digging. Digging deeper when you’re already in a hole only means steeper, more desperate climbing when it’s finally time to get out. Ever-deeper hole-digging describes the state of ESG investing today. Though more than $50 trillion has been committed to ESG and other sustainable…
Why Doesn’t Drowning in Debt Bother Biden?
Commentary The most perplexing thing about President Joe Biden’s stance on the debt ceiling issue is that the staggering national debt does not seem to bother him. In remarks Biden made the other day, he noted that the national debt has “accumulated over 200 years.” And he also noted the debt increased under President Donald…
This Demoralized Generation Will Recover
Commentary Economic trends have a greater effect on the human spirit than we often recognize. Commercial life, and signs of it, bolsters the human spirit while the reverse is also true. As an example, my mother’s hometown in Texas often went through waves of booms and busts. When the boom times were there, everyone seemed…
Why Legacy Media Won’t Cover the CIA’s Alleged Attempt to Influence the 2020 Election
Commentary On Thursday, former CIA Director John Brennan “will sit for a transcribed interview” with members of the House Subcommittee on the Weaponization of the Federal Government, according to sources who spoke to the New York Post. The interview comes days after the release of an email showing a correspondence between Brennan and former CIA…
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