Inflation Malarkey

Faced with public outrage over the soaring prices of gasoline, food, and other items, President Biden has announced his intention to combat inflation. At the same time, monetary experts in the mainstream press are weighing in with their recommendations on how to fight inflation.

It’s all malarky. No doubt the next thing they are going to do is come up with buttons that say “Whip Inflation Now!” just as Republican President Ford did. 

There is one — and only one — cause of inflation: the Federal Reserve System. The Fed is America’s central bank. It is in charge of the money supply. When it expands the money supply, it is inflating the money supply. 

That’s what the Fed has been doing for years and decades. It’s been inflating the money supply. Once the pandemic hit, it hit the inflate button even more times, expanding the amount of money in circulation exponentially.

That’s how we also get those economic booms and busts. Each time they inflate the balloon, it bursts with a bigger pop. The next time it bursts, the pop will be even bigger than the last time. 

There is nothing new in all this. Governments have been inflating the money supply throughout history. Inflation of the money supply has always been an easy way for governments to spend money. Ordinarily, to spend money they have to tax people. But people don’t like taxes. So governments instead just print money and spend it, in the process inflating or expanding the overall supply of money. 

What happens when the Fed inflates or expands the money supply? It cheapens the value of everyone’s money. If there is $1 trillion in circulation and the Fed expands or inflates the money supply to $2 trillion, obviously that means that everyone’s dollars are going to buy less than before. 

How is that monetary debauchery reflected? Through the prices of things that money buys. Like gasoline or food. Prices across the board start increasing, which is natural. There is no other way to reflect the reduced value of everyone’s money. 

President Biden and many other politicians clearly do not get this. Neither do many commentators in the mainstream press. They have absolutely no idea that the Federal Reserve’s expansion of the money supply is reflected in rising prices of things that people buy. They think that the rising prices are because of Russia’s invasion of Ukraine or supply-chain issues. They think that the Federal Reserve has nothing to do with the monetary debauchery.

But the Federal Reserve has everything to do with inflation and monetary debauchery. That’s why prices are rising across the board.

The reverse side of a Washington Quarter Dollar, which was 90 percent silver. Licensed under Creative Commons.

In fact, that’s why year after year, decade after decade, the value of the U.S. dollar has diminished. That’s why you use cheap-alloyed coins to buy soft drinks from a machine rather than real silver quarters. At one time people used silver quarters to buy their soft drinks. But as the value of the government’s money cheapened due to Federal Reserve expansion or inflation, it was no longer smart to use silver coins to buy soft drinks.

It all had to do with the massive, ever-growing expenditures of the federal government, specifically with respect to its welfare-state programs, its regulatory programs, and especially its warfare-state programs. Does everyone remember those “free” stimulus checks? As we here at FFF pointed out at the time, they weren’t really going to be free, as people are now finding out when they fill their cars with gas.

It shouldn’t surprise anyone why there has always been so much chaos in the monetary sphere. The Federal Reserve is based on monetary central planning, which is a variation of the socialist paradigm. Socialism always produces crises and chaos. 

There is only one solution to this monetary debauchery. That solution does not lie in reforming the Federal Reserve. It lies in terminating, abolishing, dismantling, and ending the Federal Reserve and establishing in its stead a free-market monetary system. Or as the Nobel Prize-winning economist Friedrich Hayek put it, the solution lies in “denationalizing money.” The free market produce the best of everything. It would produce the best monetary system in history and help place our nation back on the road to liberty and prosperity.

Jacob Hornberger, Future of Freedom Foundation

One Rule for Us, Another for Them

Politico recently reported that the Supreme Court will probably overturn Roe v. Wade. Chicago Mayor Lori Lightfoot tweeted that the leak was a “call to arms,” and for progressives, it meant protests, threats, and property destruction.

White advocates are divided on abortion. There are pro-lifers who may oppose it because some people think it is eugenic. A white advocate might defend abortion for the same reason. However, that doesn’t mean extreme leftists would think he was an ally. There will be no separate peace.

Antifa activists are not divided. “We support abortion rights and reproductive freedom,” reads one of the “Points of Unity” for the antifa “Torch Network.” A masked and menacing antifa “black bloc” joined a pro-choice rally in Seattle.

In Wisconsin, someone threw a Molotov cocktail through the window of a pro-life group, Wisconsin Family Action. An activist also spray-painted the antifa slogan “All Cops Are Bastards” and “If abortions aren’t safe, then you aren’t either.” A group called “Jane’s Revenge,” named for the pre-Roe group of abortionists called “Jane’s Collective,” claimed responsibility via a said the attack was a “warning” that there could be more extreme methods, and that “anti-choice establishments, fake clinics [meaning crisis pregnancy centers], and violent anti-choice groups” must be dismantled within 30 days. It says it is “not a declaration of war” because “war has been upon us for decades.”

Mr. Evans says he would be “very surprised if this was not a legitimate attack.” Police are still investigating. The group sounds so extreme it may be a hoax, but at least one verified Twitter user praised the attack before losing or deleting her account. Her publication’s Samuel Alito (the author of the Court’s draft opinion), Amy Coney Barrett, Brett Kavanaugh, and Chief Justice John Roberts. Television host Joy Behrar said the protests would teach Justice Samuel Alito about “freedom of choice.” Mother Jones dismissed the “tone police” who suggest such tactics are immoral or ineffective. Many verified Twitter users promoted or defended protests, even though demonstrations at the homes of Supreme Court justices is a federal crime.

Gregory Hood

Liars

We don’t call someone a liar only if they lie 100 percent of the time. We call someone a liar because he or she does not care about the TRUTH.

A liar is at war with reality. Facts are uttered when it’s convenient. Falsehoods are uttered when it’s convenient. Crucial facts are left out when it’s convenient. For whose convenience? The liar’s.

Anyone who has been close to an addict, a narcissit or a sociopath understands. You cannot EVER believe what a liar says. Even if the liar happens to be accurate 80 or 90 percent of the time. Why? Because you cannot TRUST someone who does not care about objective truth.

That’s what we’re all facing with today’s media and government. It’s not that they’re always lying. It’s that they do not care about truth. They will say whatever needs to be said — truthful, or not — in order to maintain and expand their power over people.

We saw this with the deception over COVID that goes on to this day. We saw this with the deliberate refusal to mention the violence of the Black Lives Matter rioters and looters. We saw this with the refusal to even report on evidence of fraud in the 2020 election, and overt punishment or censorship when discussion was even contemplated.

The media and our government are liars. It’s not really a partisan issue. Mitch McConnell and Kevin McCarthy are no better than Nancy Pelosi or Joe Biden. The longer anyone has been in government, the less you can trust them. The media is so dishonest that they’re even worse than the media under a dictatorship. Under a dictatorship, you can at least excuse the fear. Our media does not yet have to lie (and a small number of them don’t); but they lie anyway, in order to advance the sociopathic, narcissistic and financial interests of those in power.

It’s sick to the point of evil. But it’s where we are. So just as you should arm yourself literally, you also must arm yourself intellectually and psychologically — with an understanding that the people you have been trained to trust on NBC, CNN, CBS and at the White House do not value the truth, or tell the truth.

Somehow, we will have to figure out the truth for ourselves. We have the brains to do so; if only more of us would use those brains.

Michael J. Hurd, Daily Dose of Reason

When Whites Became an Endangered Species

When the Sun reappeared after the nuclear winter that followed the 21st century’s nuclear war, no life was left in what formerly was Europe, Great Britain, United States, Canada, Australia, New Zealand, and Japan. Japanese no longer existed. The only white-skinned people were Russian and American/European expatriates living in South America, Africa, Thailand and other parts of Asia.

Wildlife organizations designated white people “an endangered species.” The few remnants outside Russia, now the world power with China, were rounded up and put in zoos. Programs were developed to breed them and reintroduce white people into their former territories once the radiation subsided. Russians were designated “non-white” as they lived for centuries under Asiatic rule. “Scratch a Russian, find a Tarter (Mongol)” sufficed for one of the ruling powers to escape the designation of White.

Because of the American neoconservatives’ responsibility for the nuclear war, gentile whites, when it should have been Zionist Jews, were blamed for the war for their pursuit of American hegemony. There were fierce debates whether preserving the white race was sensible or even permissible, considering their crimes documented by the New York Times’ 1619 Project, the curriculums of Harvard, Yale and the Ivy League universities, and the Western media’s insistence that all white persons are “racists.” Many objected that preserving the white race was the same as preserving Adolf Hitler.

Whites are the people who, according to their own school texts, written by white people and adopted by white school boards, were responsible for enslaving black people, for oppressing women, homosexuals, transgendered people, and people incapable of knowing their own gender. White people were guilty of using gender pronouns, which unfairly limited gender to male and female, a limitation on the species so old as to be biblical.

The relatively few whites who had been living as repatriated lords in lesser parts of the world now found themselves akin to animals subject to zoo keepers. Would they survive as an endangered species or be eliminated as a dangerous species? The richer ones who had gold coins in their personal possession lobbied for laws in the jurisdictions in which they lived that preserved them as an endangered species. In Africa the blacks bred the whites for slaves.

Russia and China, being the hegemonic powers, made the decision that white people would be declared an endangered species as it would be a century and more before their diminished numbers could result in a population of any size. Over this time whites would be educated into permanent self-doubt like the Americans did to the Germans in the 20th century.

Paul Craig Roberts

Is America Regressing to Tribalism?

The Republic of Sudan has 500 ethnic groups who speak over 400 languages. We do not have to be reminded how tribalism has played out over decades and even hundreds of years in terms of conflict and violence. The same disaster has befallen other African countries such as Ethiopia, not to mention other African regions and non-African continents.  Native America tribes often fought each other. Conflict and even wars to the death between tribal collectives are part of world history.

American was founded as an exception. It was based on the principle of individual rights:  everyone was equal before the law and the government could not initiate force against its own citizens. Many modern intellectuals claim to be baffled about what American exceptionalism is, but it is simply the principle of rights. It is not pure democracy as such—not just voting—but a republican form of government. The Constitution protects individuals from mob rule.

With some exceptions at certain periods, almost everyone was welcome.  America was a country of immigrants. Between 1820 and 1996 there were over 61 million immigrants from over 40 countries and territories. The ideal was for America to be a melting pot—a place where people with radically different backgrounds and traditions would have equal rights and could live peacefully together, intermarry if they chose to, and make their way economically through free trade. They were free to have their own traditions and neighborhoods within the limits of the law.

To a great extent the melting pot has been a success. There are 200 or more Christian denominations in the U.S. and all world religions are represented. People are free to be agnostics or atheists. There is freedom of philosophy, but no state religion. We are officially a secular country. Religious traditions are allowed, but they may not contradict the Constitution. Everyone has the same rights and is bound by the same laws (though, in some cases, unfortunately, there are religious exemptions from the law). All races are represented in the U.S. (Race is defined by DNA, but many people have DNA from more than one race).

This is not to say that the path has always been smooth. The first issue that had to be addressed in America was slavery. Slavery eixisted since the first written records of human civilization.  It was imposed on us by the British when we were a colony. The Declaration of Independence and the American revolution made slavery morally impossible. It was ended, heroically, by means of a bloody civil war. But we know that racism (sometimes accompanied by violence and by discrimination in the private and/or public sectors) did not just go away, though things have drastically improved over some 160 years. Blacks have been the worst but not the only victims of injustice. (The U. S. passed an anti-lynching law only recently). Jews have been discriminated against for thousands of years all over the world. Franklin Roosevelt, though he had Jews in his cabinet, turned away a ship loaded with Jews trying to escape the Nazis and they were later killed. There were Jewish quotas for admission to universities and professional schools in the US. Japanese citizens were put in internment camps during World War II. Anti-Asian quotas exist today in educational institutions. In recent years street violence has been directed at people of every race, some of which is due to a cultural decline with emotionality replacing reason in every aspect of society. (A minority of police today are biased against bothbali Backs and Hispanics. Police reform, including better selecsmtion, training and discipline is necessary). Immigration has been limited time and time again over the years and still is now.

A popular movement today demands “social justice,” which means that every collective must come out the same in results with respect to its percentage in the population. “Diversity” means getting the percentages “correct.”  But observe that this requires that people be treated unjustly. For example, Asians must be (and are) discriminated against in school and university admissions, because they are too competent. Some of their spaces must be given to those of different races just based on a numbers game. In contrast, blacks, on the average, are to be held to lower standards in education and employment compared to others in order to get their numbers up, thus depriving more qualified people of those spots. This is social injustice.

There is no basis for to assuming that all disparities between collectives in every job category or profession are due to racial discrimination. Many factors could play a role, among them cultural factors such as the value placed on education and family traditions, not to mention the use of role models and personal attributes including interests and passions. The diversity movement is a revolt against merit—you are not to get what you deserve which means that it is a revolt against reality because everyone does not have the same skills, abilities, and energy. Members of a racial collective are not interchangeable units but individuals with the faculty of reason, which includes volition. There is no such thing as group rights.

It should be noted that there is another arbitrary element here. Which collectives are to be chosen for specials benefits or penalties? Black, White, Hispanic, and Asian are not the only possible collectives. And what of mixed races? What percentage of each racial DNA puts a person in a favored or disfavored group? Is the government to be the arbitrary of the correct racial mixtures? What about non-racial collectives such as the overweight, the weak and the uncoordinated in sports, the tone deaf in music, the dyslexic in reading, and so on. How would this work? Obviously, it would have to be based on which collective has the most political pull.

As I noted at the outset, all this pushes us in the direction of tribalism, even tribal warfare. If it comes, this will be the end of America. It will be a regression to the primitive.

Edwin Locke

Watching the Western World Dissolve Into Nazism

How is it that in the exceptional and indispensable USA, a former American president can be denied his constitutionally guaranteed freedom of speech by a private communications company?

How can a mere private company cancel the US Constitution and the Bill of Rights?

How is it possible that the Constitutionally guaranteed rights of the lowest American can depend for a former US president on who owns Twitter? And Facebook? And Google? And the New York Times?

How can Americans, especially conservatives, think they live in a free country when a former president of the United States can have his Constitutional Rights cancelled or granted by a private company CEO?

Isn’t this a case of the “private sector” controlling the government?

How can any people be free when they are denied access to facts, open debate, and truth?

The head of Homeland Security, a Nazi-era institution now assuming a governing role in the USA, has established a US Ministry of Truth with the power to shut down all who challenge the official narrative. How is it possible that a presidential administration dares establish in the USA a Nazi-era Gestapo institution with the power to cancel truth? And still be supported by 45% of the population? How can a country with 45% of its population completely stupid beyond all belief survive?

What is the matter with “Biden Democrats”? Are they unable to comprehend that freedom, liberty, the rights for which the founders of the country fought for, are at stake?

How can anything be more valuable than truth?

Why are minority rights, racial rights, transgender rights, lesbian rights, homosexual rights, and whatever new rights will be discovered tomorrow, more important, more valuable than TRUTH?

Where are the American people? Where are their elected representatives in the House and Senate? Where are the media, the watchdogs of democracy? Where are the courts, the law schools, law associations, the protesters standing in defense of liberty, which is based in free speech, a constitutionally protected right? Why does no influential group defend the rights granted by the US Constitution? No university or bar association in America is protesting the replacement of truth with elite-serving fiction.

Why do Americans just sit there while an American Nazi, the head of “Homeland Security,” creates an Orwellian state in the USA? We just witnessed in the USA, allegedly a free country, the Biden appointed head of Homeland Security say that his Gestapo agency has the right to determine truth in the United States of America.

In America the respect for truth is so weak that the Nazi is still head of America’s “Homeland Security.” The American Nazi was not fired. He was not even reprimanded for elevating censorship above the United States Constitution.

It is a massive joke than any Western country is a “free country.” As the entirety of the Western World is now thoroughly Nazified, little wonder the Nazified Western governments support, at the peril of their own existence from incoming hypersonic ICBMs, the Nazi regime in Ukraine. Putin is a Russian liberal, and therefore weak, but Putin is not weak enough to allow Russia to succumb to Western Nazism. End times approach while dumbshit Americans worry about transgender rights and the boundaries of Nazi Ukraine. Americans have entirely forgotten their own rights guaranteed by the US Constitution and do nothing to protect them.

Freedom in the West has been thrown into the trash bin of History, not by conquerors but by the West itself.

Russian Intel Chief Reveals What US State Department Has in Common With Nazi Ministry of Propaganda.

Are WE the Generation that Lost America?

The biggest problem with today …

There’s no justice.

We endured COVID fascism for over two years — with no consequences for the guilty parties. Virtually all of the offending governors, mayors and Presidents are still in office. Ready to strike at the first sneeze, so long as it suits their political whims of the moment.

We endured obvious election fraud in 2020. No consequences. All those who benefited from the fraud are in office, licking their chops over their next “reelections.” Anyone who questions the results is silenced. We’ve even got a Disinformation Board in place, headed by a lunatic and backed by the power of the strongest government/military/police of what was once the strongest nation in human history.

And remember Canada? The Prime Minister-turned-dictator not only arrested and imprisoned the peaceful, heroic protesters against that government’s COVID fascism; it froze the bank accounts of the people who gave a mere $10 or $20 to support them. It’s THAT bad. Yet it’s all over now. It’s forgotten. Everyone who did these terrible things is still in office. You can believe they will be worse the next time. They have learned nothing, because there’s nothing to learn: except that formerly free people will now tolerate ANYTHING.

Celebrities, sports stars and corporate executives say stupid, insane, collectivist, irrational and racist things on Twitter. No consequences for them. I’m not suggesting there should be legal consequences for whatever they say. But THEY certainly suggest the same against those of us who dissent. Remember, Mark Zuckerberg pleaded for government regulation. Not because HE wants to be regulated. He believes what our dictators believe. He knows he’ll be safe under their rule; he just wants to make sure that rule is imposed on all of us. Zuckerberg is an undeserving billionaire-fascist. So are all the others — virtually every wealthy CEO of every big company is a Green Fascist/Medical Fascist/Communist. They don’t deserve to do well, or be happy. Yet there they remain — egging on our literal destruction.

Black Lives Matter organized an armed terrorism campaign against America’s great cities, with the open endorsement of the mayors and Governors charged with protecting those cities. Not only did all the killers and destroyers of property go free. Their leaders wine and dine on the finest food and booze in the most gigantic oceanfront mansions on the East and West coasts. They sneer and laugh at their own supporters who funded it all, and who will continue to fund it all.

There is no justice. That’s a demoralizing thing. It takes its toll on the human spirit. The demoralization will ultimately come back to bite the powers that be. At point, in some way, heads will roll. Look at human history: The French Revolution. The Russian Revolution. Many others. Most of these did not lead to better results. The fall of the Soviet empire — a glorious moment back in 1991 — eventually led to Putin.

Probably the only revolution ever to end well was the American Revolution. The benefits of THAT revolution were amazing, and lasted for 200-plus years. And unless everything massively changes and reverses — completely and totally — this will be the generation who lost it all.

Michael J. Hurd, Daily Dose of Reason

Who’s Afraid of Elon Musk ?

Any doubt that many progressives have abandoned their commitment to free speech was erased by the hysterical reaction to Elon Musk’s effort to purchase Twitter and return the company to its roots as a free speech zone. Former Labor Secretary Robert Reich and “woke” neocon Max Boot fretted that Musk’s commitment to free speech threatens democracy. Those confused by how free speech threatens democracy should remember that for neoconservatives and many progressives democracy means allowing the people to choose between two largely identical supporters of the welfare-warfare state. In this version of “democracy,” those whose views are outside the welfare-warfare mainstream — such as libertarians — are marginalized.

More ominous than the griping of ex-government officials and pundits was the threat of prominent Democratic politicians to haul Musk before Congress. These politicians likely want an opportunity to smear Musk and other supporters of free speech as promoters of hate and Russian (and/or Chinese) disinformation.

Senate Judiciary Committee Chairman Dick Durbin and other Senate Democrats, none of whom seem to have read the First Amendment, are also investigating whether it would be “appropriate” for Congress to force tech companies to “moderate” content on their platforms.

President Biden is not waiting for legislation to ramp up the attack on free speech. His administration has created the Disinformation Governance Board located in the Department of Homeland Security. The board’s purpose is to coordinate government and private sector efforts to combat “disinformation,” with a focus on Russia. The focus on Russia is not surprising since “Russian disinformation” has joined racism and sexism as a go-to justification to smear and silence those whose views (and factual information) contradict the political and media establishment’s “party line.”

Biden’s choice to head the Disinformation Governance Board, Nina Jankowicz, is a spreader of disinformation herself. In 2020, for example, Jankowicz parroted the lie that Russia created the damning materials found on Hunter Biden’s infamous laptop. Jankowicz’s résumé also includes stints as an advisor to the Ukraine government and a manager of National Democratic Institute programs in Russia and Belarus. Jankowicz’s background suggests she will never call any lie peddled by the US war party “disinformation.”

The Disinformation Governance Board may not directly censor social media. However, by “encouraging” tech companies desperate to maintain good relations with the federal government to remove “unapproved” opinions from their platforms, it can achieve the same results. This is why anyone who values free speech, which should include everyone who cherishes liberty, should not fall for the claim that tech companies’ behavior is nothing to be concerned about since it does not involve government censorship.

Sadly, some misguided conservatives have joined progressives in promoting legislation imposing new regulations on big tech. Increased regulation will only empower Nina Jankowicz and her ilk to further pressure tech companies to restrict free speech. It will also hurt consumers by reducing the ability to find affordable goods and services online. The only way to protect free speech on the internet is to make online platforms truly private through a complete separation of tech and state.

The drive to censor is driven by the woke mob and authoritarian establishment’s fear that their policies could not maintain majority support if forced to compete in a free market of ideas. This shows that even enemies of liberty sense that the days of the welfare-warfare state are numbered.

Ron Paul, Weekly Column

This is War: Biden Advocates Physical Attacks on Supreme Court Justices

“It is disgraceful,” Senator Ted Cruz said. “And Joe Biden used to be chairman of the Judiciary Committee. Joe Biden knows it’s disgraceful. He’s literally threatening the lives of these justices by the mob they’re unleashing. It’s the same thing we saw with Black Lives Matter and Antifa riots, where the left embraced them. And now they’re embracing mob violence to get their partisan outcome.”

Thugs and terrorists in suits. These are not your daddy’s Democrats. These are full-blown, legalized mobsters, terrorists and totalitarians. Joe Biden has gone along for the ride. Do you seriously think this can possibly end well? Will an election stop these people?

It’s dangerous.

Michael J. Hurd, Daily Dose of Reason