Friday, July 18, 2025

  • The Fed, Biden and Economic Death by a Thousand Cuts

    • If they were truly serious about inflation, Biden would have reined in spending and increased fossil fuel production, as the Fed followed the Volker model with the same 5.5% Fed funds rate, but over a 6-month period instead of 16 months. That would have created an almost immediate recession, and the resulting demand destruction would have surely tamed inflation almost instantly.
    Instead, we’re subjected to economic Lingchi, with ever higher deficits leading to higher interest payments on the debt, which puts more money in consumer’s pockets. That leads to more demand, which leads to higher inflation, which leads to higher interest rates…

  • The Day After Trump Loses

    • Among Republican voters, the lack of urgency surrounding the 2024 election is very troubling. There is an air of certainty that is inexplicable based on what we’ve experienced in the last two elections. Part of this overconfidence stems from the belief that Democrats wouldn’t be desperately trying to disqualify President Trump if they weren’t afraid of losing in a landslide. More fundamentally, Republicans, and specifically MAGA supporters, find the Biden presidency to be such a disaster, they simply can’t imagine voters giving him a second term.
    Yet, everything seems to be shaping up for that exact result.

  • Nikki Haley and the Attack of the Bush Clones

    • It’s only a matter of time before the unholy alliance of Deep State bureaucrats, never Trumpers and woke leftists collectively decide who they’ll back for the 2024 Republican presidential nomination. As we approach the one-year mark until the election, it’s starting to become clear who is emerging as this cycle’s Jeb Bush.

  • The 1980s are Calling, and They Want Their Neocons Back

    • The irony is that both Pence and Haley were enthusiastic supporters of the Iraq war. You know, the war that was started because Saddam Hussain supposedly had weapons of mass destruction, except he didn’t. The war that cost American’s 4,487 lives and resulted in 32,226 wounded. The war that added $2 trillion to the deficit, with another $5 trillion in unfunded liabilities. The war that turned Iraq into a vassal state of Iran and allowed Iran to become the dominant geopolitical force in the middle east.

>