The Federal Reserve raised its funds rate on Wednesday by a quarter percent. The 4.5–4.75 percent rate amounts to the highest in 15 years. Despite this, and Wednesday’s hike becoming the eighth consecutive one, Chairman Jerome Powell explained that “we…
“I am the eggman! I am the eggman!” So crooned the weird John Lennon in The Beatles’ iconic 1967 piece “I Am the Walrus.” The song spouted lots of gibberish, including about (and I quote) “yellow matter custard dripping from…
Democrats’ unstated midterm rallying cry to voters, a takeoff of their guiding mantra from an election thirty years ago, ordained, It’s not the economy, and you are stupid. Distract and deflect sum up in two words the Democratic Party’s winning strategy…
In the final week of 2022, we Americans can foresee two significant economic risks in 2023. The first one is a probability that the Federal Reserve will get weak-kneed and stop raising interest rates before inflation is truly under control….
While Americans were doomscrolling through election results on the morning of November 9, something more consequential than the Democrats’ potentially holding the Senate was unfolding: an ominous round of tech layoffs. According to internal documents, Meta (formerly Facebook, Inc.) is…
The difference between Sam Bankman-Fried’s cryptocurrency exchange and Uncle Sam’s legal tender appears one of degree and not of kind. Investors present at the creation of FTX now possess nothing or next to nothing of their original investments. The same…
Election Day finally arrives tomorrow, and most serious political analysts expect the Democrats to lose their majorities in both houses of Congress while incurring significant collateral damage in numerous state and local contests. There is still some uncertainty about the…
During the few moments of the day during which Democrats are not rending garments about abortion’s recent defederalization, they’re bemoaning existential “threats to democracy.” If we elect Republicans, we’re told, we’ll imminently follow Rome, Carthage, and the Mississippians onto the…
Republicans want to take over Congress and, come Tuesday, they might get their wish. Assuming they win both the House and Senate, they will face enormous challenges: a country still heading into a recession, inflation still high and rising, government…
A report released by the Heritage Foundation last week found that the U.S. military is weaker than it has been in recent years. Every year, the Heritage Foundation releases its military strength index based on attributes used to measure military…