Five Years Later, We Remember How Politicians Unleashed Covid Tyranny

Five years ago, politicians and bureaucrats went berserk and pointlessly ravaged Americans’ freedom. The Covid-19 pandemic provided the pretext to destroy hundreds of thousands of businesses, padlock churches, close down schools, and effectively place hundreds of millions of Americans under house arrest. Despite all the forced sacrifices, most Americans contracted covid and more than a million were listed as dying from the virus.

Spending Cuts Won’t Weaken the US Economy. They Will Strengthen It.

The Federal Reserve Bank of Atlanta’s GDPNow model projection for real GDP growth in the first quarter of 2025 (Q1 2025) is now showing a slump to -1.5 percent. This marks a significant downward revision from the previous estimate of 2.3 percent on February 19, 2025.

Such an enormous decline is strange. How did we go from +2.3 percent to -1.5 percent in less than a month? That kind of collapse in an economy as large as the United States is exceedingly rare.

Foreign Aid, Reparations, and Economic Growth

David Lammy, the UK’s Foreign Secretary, has lent his voice to the growing call for reparations for former colonies in the British West Indies. Advocates argue that financial compensation would provide a much-needed economic boost to these nations, helping them overcome the burden of low economic growth. However, this view is fundamentally flawed. Akin to foreign aid, reparations are unlikely to catalyze genuine economic development. Decades of evidence demonstrate that foreign aid has been unable to foster sustainable growth in developing countries and reparations would function as such.

Data Cannot Explain by Itself Without a Theory

We often hear from central bank officials that their decisions regarding the interest rate policy is determined by the state of economic conditions as depicted by economic indicators. Policymakers are of the view that, in order to ascertain the state of economic conditions, they require the most recent information on some key economic data such as the gross domestic product (GDP). Thus, an increase in the GDP growth rate is seen as economic growth. A weakening in the growth rate of GDP raises the likelihood of the officials lowering the policy interest rate.

The Swedish “System” of Control

Vice President JD Vance’s speech at the Munich Security Conference delivered a sharp critique of recent developments in Europe, particularly regarding freedom of expression, migration, and democracy. He highlighted the annulled election in Romania and the exclusion of the German party AFD from most public discourse by the political establishment.