According to minutes from the US Federal Reserve’s April meeting, a majority of officials thought that higher interest rates may become necessary to combat a resurgent inflation. According to the minutes, a majority of the participants highlighted that “some policy firming” would likely become appropriate if inflation were to continue to run persistently above the Fed’s 2 percent target.

But would a higher interest rate stance counter inflation? The key here is the definition of inflation.

Democrats and Republicans have been arguing over the issue of election integrity ever since Donald Trump lost to Joe Biden in the presidential election of 2020. A key feature of this debate is the question of whether illegal immigrants are voting in American elections. Many Republicans maintain that significant numbers of them are indeed voting in our elections. Their real concern, of course — Republicans being Republicans — is that illegal immigrants supposedly vote overwhelmingly for Democratic candidates.

Bills and orders

For more than 15 weeks, the U.S. and other countries have had to dip into oil tanks and strategic reserves to make up for the millions of barrels of oil trapped behind the strait.

It turns out printing $6 trillion during the Covid Panic has some longer term effects. 

Switzerland’s population has grown far faster than that of surrounding EU states, rising by 23% since the free movement agreement came into effect in 2002.

The US-Israel plan to turn Iran into a failed state like Syria has failed. The US didn’t even get Iran’s enriched uranium. 

For some time now I have pondered why environmental activists seem to reject evidence that capitalism has been making the world a better place for all levels of society. The pampered aristocracy of just a few hundred years ago lived miserable lives compared to the least wealthy citizens of just about any capitalist country today. All segments of society today have access to state-of-the-art healthcare, sufficient and healthy food, warmth in the winter and cooling in the summer, ease and safety of travel, etc.

Civilization does not usually fail because every participant is stupid, vicious, or indifferent. It fails because people are placed inside systems where the locally-prudent action sustains a globally-absurd result. “Moloch” is Eliezer Yudkowsky’s name for these impersonal traps: arrangements in which nearly everyone would prefer a better world, but no individual can safely move there alone.