RUTHFULLY YOURS

https://amgreatness.com/2022/05/23/the-economic-doom-loop-has-begun/

High inflation, overregulation, and a general sense that things are going in the wrong direction remind us of the late 1970s and early ’80s. But today the underlying problems that were responsible for our woes in that time are vastly worse. The coming reckoning for Washington’s insanely irresponsible monetary policy may dwarf the troubles from all recent recessions and periods of inflation. 

The Federal Reserve has created a doom loop between the housing market and inflation. For years it has printed tens of billions of dollars each month to buy sketchy securities meant to subsidize the housing market and favor bond traders. This continues even now, in spite of inflation and a red-hot housing market. But the housing market has become dependent on unearned, newly printed money, and stopping the flow might cause a catastrophic correction. If it doesn’t stop, however, inflation will explode. 

Let me walk you through some of the math.

Inflation closes the gap between money earned and money spent. Since the financial crisis of 2008, the Federal Reserve expanded M2 money supply from just under $8 trillion to around $22 trillion today. During that time GDP has increased from around $14.6 trillion to around $24.5 trillion today. We’ve gone from a ratio of one dollar chasing $2.20 in goods in services to an almost 1 to 1 ratio today. Inflation during the same period, according to the government, has eroded the dollar by a mere 33 percent. 

You think 8 percent inflation is high? Prices need to double to restore any semblance of balance between currency and the things you can buy with currency. We have a long way to go.

https://issuesinsights.com/2022/05/25/the-real-reason-why-the-disinformation-governance-board-got-cancelled-ii-tipp-poll/

Why did the Joe Biden administration abruptly shut down its Disinformation Governance Board a mere three weeks after creating it? The latest I&I/TIPP Poll has the answer.

As the administration’s plan for creating the Orwellian-sounding speech regulator was being rolled out, the I&I/TIPP Poll asked 1,320 Americans from May 4 to May 6 a simple question: “How much do you trust the Disinformation Governance Board to decide what is disinformation fairly and accurately?”

Among the 550 who said they were following the Disinformation Board “closely,” the reaction was strong: 55% said they had “little trust” (22%) or “no trust at all” (32%). That compares with 42% who said they had “a lot of trust” (19%) and “quite a bit of trust” (22%).

In short, it was a highly unpopular idea. Indeed, it was more unpopular than even the overall numbers suggest.

The only major political grouping that trusted the Disinformation board was the Democratic Party. They gave it a big thumbs up in the poll, with 73% giving it “a lot” or “quite a bit” of trust, versus just 23% granting the new agency “little” or “no” trust.

www.swtotd.blogspot.com

“What the Durham trial has exposed is not getting the press it and the people deserve. The decision by the Clinton campaign to deliberately instigate a false story of Russian collusion by Donald Trump – no matter what one thought of him – was the dirtiest trick ever played in Presidential politics. It tells us what sort of a President Mrs. Clinton would have been. Why is this not getting more coverage? Can you imagine the headlines if roles were reversed?”

Self-doubt is usually considered a negative. And when it dominates one’s activities it is. In Measure for Measure, William Shakespeare has Lucio speak to Isabella: “Our doubts are traitors, and make us lose the good we might win, by fearing to attempt.” A recent article in National Review, signed by 59 conservatives, was titled “America’s Crisis of Self-Doubt:” “Our traditional values of fair play, free speech and religious liberty are trampled by inflamed ideologies determined to impose their will by force and fear.” That is all true, but the real problem is the over-confidence of the woke who, with religious zeal, see society “as archaic, unfair, and racially biased.” As a governor of impetuous behavior, self-doubt is a positive.

https://www.manhattancontrarian.com/blog/2022-5-23-a-new-chink-in-the-armor-of-the-progressive-administrative-state

The great mission of the early twentieth century Progressives was to transform our constitutional order without ever amending the Constitution itself. The intellectual leader of the movement was Woodrow Wilson. The fundamental idea was to replace the messy and contentious system of separated powers and slow bi-cameral lawmaking with a cadre of supposedly apolitical administrative “experts” who could run the country smoothly and efficiently.

The idea sounded rather benign to most people at the time, and probably still sounds benign to most people today. Who could be against having “experts” to run significant government agencies? But a hundred-plus years into this project, we have seen cancerous growth of vast administrative bureaucracies, outside the constitutional structure, and exercising great powers, but accountable to no one but themselves — the very antithesis of the constitutional structure that our founders attempted to bequeath to us.