New PPI Price-Inflation Numbers Fuel Demands for More Monetary Inflation
A new CPI inflation report will be released tomorrow. But we won’t have to wait for that to witness the growing chorus of pundits and politicians who are already declaring that price inflation doesn’t matter anymore, and the Federal Reserve must start a new round of monetary inflation and low-interest-rate policy.
Government Ownership of the Means of Production
A core principle of Marxism—the socialist system upon which is founded the more authoritarian political systems of communism and progressive fascism—is government ownership of the means of production. This economic policy, aimed as a dagger at capitalism, happens to be the avant garde economic policy position taken a couple of times now by the Trump administration. It is the same position advocated in the larger context by the self-described communist candidate, Zohran Mamdani, who is running for mayor of New York City.
A Note on Taqiyya: Was Bin Laden Telling the Truth about His Objectives?
In the wake of 9/11, many assumed that Islamic suicide terrorism was simply the product of religious fanaticism. Yet Robert Pape’s pioneering research showed otherwise.
Trump Is Digging His Own Economic Grave
Last week, exactly one month after the Bureau of Labor Statistics released a jobs report bad enough to convince President Trump to fire the BLS commissioner, the bureau released a new jobs report that was even worse.
Israel Bombs Qatar (and has now bombed five countries in the past year)
The socialist State of Israel has now bombed five countries in the past year: Syria, Lebanon, Palestine, Iran, and Qatar.
Making Corporatism Great Again
President Trump has recently endorsed a policy that is arguably as socialist as anything proposed by New York mayoral candidate Zohran Mamdani or Sen. Bernie Sanders — partial government ownership of private corporations.
The Jobs Numbers Have Been Fake All Along
The Bureau of Labor Statistics this morning released new revised benchmark payroll totals used for estimating employment in the United States. The new revisions adjusted payrolls, for the year-long period ending in March 2025, downward by 911,000. That’s the largest downward revision on record, and the biggest since 2009, in the midst of the Great Recession. (The final figures for the period are due early next year.)
Trump’s Intel Deal Jumps the Shark
In an August 22 agreement with Intel, President Trump really jumped the shark in his ongoing efforts to institute a slush fund to “invest” in American industries allegedly to save them and to provide for national security needs, following the dubious precedents of Fascist Italy an
Of Tomatoes and Tariffs
Are tomatoes a fruit or a vegetable? While some may have different answers to this mostly lighthearted question, at one point in time it was taken up by the United States Supreme Court. Despite its seemingly amusing aspects, the story of Nix v. Hedden is one which has implications for those concerned with big government and the challenges of reform, while also providing a unique window into late-nineteenth century American politics.