A meme eloquently puts it: “Your grandfather didn’t sleep in a foxhole in a far away land while clutching a picture of your grandmother so you would surrender your guns.”

And so much more.

Your grandfather didn’t endure fighting Nazis so you could wear a mask everywhere you go. Or submit to an untested vaccine. Or surrender your free speech. Or accept a totalitarian green dictatorship based upon the weather forecast 500 years from now. Or submit to a tyranny of racial terrorists allied with mental disorder patients. Or to tolerate questionable election results with no right to discuss them. Or to replace capitalism with Chinese Communist manipulation. Or to pay 50 times for gas what he paid. Or to open up the nation’s borders and place every entrant (terrorists, criminals, child molesters and sociopaths all included) on the government dole forever. Or to pay off your college loan only to pay off your neighbor’s daughter’s college through taxes (or inflation). Or to get permanently used to supply chain shortages for absolutely no reason. Or to experience hyperinflation. Or to enable you to experience intellectual nausea when watching The View, or Joe Biden drooling through his ice cream cone. Or to watch narcissistic ball players take a knee before what used to be a gloriously fun, entirely nonpolitical sport. Or to experience the ruination of American comedy and theater through the 21st century’s “woke” equivalent of a Maoist nightmare group psychosis.

Your grandfather didn’t huddle in a foxhole FOR ANY OF THIS CRAP.

Michael J. Hurd, Daily Dose of Reason

What a joy to watch this speech. It’s not only a reminder that NOT all young people, and NOT all Ivy League graduates, are ignorant idiots.
It’s also a reminder for all eras: The rare jewels matter way, way more than the heaping mounds of trash all around us. Never lose hope, because the good guys and the good ideas — by definition — HAVE to win in the end.

You might say, “If the government can simply print or electronically create more money, as the Federal Reserve can do, then why doesn’t the Federal Reserve simply issue a good income for every single person in America — and the world, for that matter? Why not give everyone an income of $100,000 a year? Or even a million per year, for that matter?”

Now you know the answer. If the Federal Reserve did this, it would create a massive demand for goods and services that no market — especially in a world where people do not have to work — could create. With supply of goods and services LOW relative to the HIGH demand created by “free” money handed out by the government, you would get … massive hyperinflation. In other words, the currency would lose all its value.

On a smaller scale, this is what happened with COVID fascism and its aftermath. The government and media literally shut down the world, by scaring people (irrationally) into not leaving their homes for months. Understandably, the demand for most goods and services went way, way down since most people, during this time, weren’t doing things they’d normally be doing.

Yet the government escalated its “printing” or issuing of free money, rationalized as a “rescue package” — a rescue from a crisis of the government’s and media’s own creation! What you got was more demand for goods and services (thanks to free money) than the market (paralyzed by COVID restrictions for 2 years) could hope to provide.

Now you see the shortages, but you also see the inflation. Inflation and shortages are two early stages of the disaster when an economy starts to transition from a free market to a collectivist, socialist, Communist economy. It also happened in Germany’s Weimar republic, paving the way for the rise of Hitler in the 1930s.

COVID fascism and the mega-spending by government in its aftermath is an opportunity to better understand how economics works, why government control of the currency is dangerous, and what happens when you abuse that control of the currency for political reasons.

Other Communist/socialist countries have learned this painful lesson in generations past. Now it’s America’s turn. I doubt most will learn the lesson, sadly. As Biden has said, government needs to spend MORE, not less. If we do, hyperinflation (i.e., where the dollar becomes worthless) will literally destroy life as we know it.

Michael J. Hurd, Daily Dose of Reason