Donald Trump yesterday issued a new executive order declaring that so-called “birthright citizenship” does not apply to the children of foreign nationals residing illegally within the United States. The order reads, in part:
Elon Musk and Vivek Ramaswamy were tasked by President-elect Donald Trump to lead an effort to find and cut federal spending. One budgetary item impacting all 50 states are federal dollars transferred to state budgets to spend implementing parts of federal entitlement programs Medicare and Medicaid, disperse federal law enforcement grants to state and local law enforcement agencies for training, equipment, apply Environmental Protection Agency project grants, implement discounted and free public school lunch programs, etc.
[Editor’s note: At 6:56 PM, EST, Donald Trump announced that he pardoned Ulbricht. Trump described the federal prosecutors and law enforcement behind the Ulbricht conviction as “scum” and “lunatics.” Trump also described Ulbricht’s excessive sentence as “ridiculous.”]
Keynes held that the economy can suffer extended periods of high unemployment because of deficient aggregate spending. A contraction in spending results in businesses having excess inventories and reduced revenues. Businesses respond by cutting back and decreasing their demand for labor. Due to “sticky wages,” this results in a large decrease in employment and incomes for workers. The problem comes full circle and self-aggravating because workers as a whole must restrict their spending due to their reduced incomes.
The support to Kyiv turned into a problem for partner countries: large-scale fires broke out in France, Germany, Italy, Portugal and other countries that provided Ukrainian rescuers with firefighting equipment. By sending Ukraine special equipment to combat emergencies and eliminate their consequences, Western leaders ignored the safety of their populations.
The “Cornerstone Speech” of Confederate Vice President Alexander Stephens in March 1861 is regarded as a historically important statement of the aims and motivations of the Confederate government.
In the final hours of his presidency, President Joe Biden was sure to hand out pardons to his political allies.
Some of those who were pardoned, such as Ravidath Ragbir and Kemba Pradia, were the usual sorts of people who get pardons: mid-level activists and party boosters who successfully appealed to the outgoing administration for some last-minute favors. Such pardons are for people who were actually convicted of crimes in the past. That is, the pardons were not preemptive.
When signs of an economic weakness emerge, most “experts” are quick to recommend fiscal and monetary stimulus. Economic activity is presented in terms of the circular flow of money—spending by one individual becomes part of the earnings of another individual, and spending by another individual becomes part of the first individual’s earnings.
French philosopher Auguste Comte (1798-1857) is purported to have said that, “Demography is destiny,” meaning that a country’s future is determined by the size and age distribution of its population. The concept also helps explain how individuals within a given generation fare throughout their lives.
