Money supply growth fell again in June, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. June’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years.
In 1990, socialism seemed to be done once and for all, but the times have changed. In the last twenty years, socialism has again become fashionable beyond the academic fringes. The covid-19 crisis demonstrated how quickly and thoroughly the traditionally free societies of the West may be transformed by small groups of determined and well-coordinated decisionmakers. Top-down central planning of all aspects of human life is today not merely a theoretical possibility. It seems to be right around the corner.
One of the few things that most Americans agree about today is that there are serious problems with the current news-media environment.
Early in 2017, Senator Chuck Schumer stated that then-newly elected President Donald Trump was dumb to be antagonizing the intelligence community because “they have six ways from Sunday to get back at you.” Senator Schumer seems to have been onto something, given the possible involvement of US national security officials in the various attempts to remove President Trump from office and then sabotage his reelection campaign.
Up from Conservatism: Revitalizing the Right after a Generation of Decay
Edited by Arthur Milikh
Encounter Books, 2023; 328 pp.
The US Court of Appeals for the Ninth Circuit today ruled against a Hawaii state law banning the possession, manufacture, and sale in the state. Bloomberg Law reports the appeals court:
instructed the lower court to continue proceedings in compliance with its determination that butterfly knifes are protected by the Second Amendment.
