In response to the Israeli assault on Gaza, the Houthis (Ansarallah) of Yemen have retaliated by launching at least six drone attacks directed at Israel and attacking Western ships passing through the Red Sea. By the looks of it, their attacks have been quite successful thus far: Israel’s Eilat port alone has seen an 85 percent drop in shipping activity.

Whenever an economy falls into a recession, many economists point out that the economic slump means there will be idle capital and labor. Resources that could be employed are now unemployed because the economic slump has softened aggregate demand for goods and services.

So-called experts believe the government must increase the overall demand in the economy since stronger demand will permit idle resources to be employed again. Hence, many economists recommend that the central bank adopt an easy monetary stance to strengthen aggregate demand.

[This article is chapter 5 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.

The Program for International Assessment (PSA) recently released its 2022 assessment of the math and reading skills of students from over 200 countries. This is the first assessment since 2018 and it provides more evidence that schoolchildren were damaged by the COVID hysteria. American students’ math scores were lower than 27 of the 38 members of the Organization for Economic Cooperation and Development (OECD). The other OECD countries do not have any reason to celebrate, as the average math scores of students in all OECD countries declined by 17 points.

In last week’s column, I warned that brain-dead Biden and his gang of neocon controllers want to use illegal immigrants to join the armed forces in order to suppress patriotic rebellion against their plans. If we want to know what suppression would be like, we have a good precedent. After the War Between the States, the Union’s “Reconstruction” tyrannized the South.

“Who controls the past now, controls the future. Who controls the present now, controls the past.”

That is from “Testify,” a song by newly minted rock ‘n’ roll Hall of Famers Rage against the Machine. I don’t know if Phillip W. Magness of the American Institute for Economic Research is fan enough to be familiar with that, but I bet he knows the original source: George Orwell’s 1984.

The Federal Reserve’s inflation of the money supply and interest rate manipulation distort capital markets through, among other things, the creation of asset bubbles. As the cost of borrowing decreases and cheap money floods an economy, speculation in capital markets increases, leading to prices unmoored from fundamentals.

Wonka (2023) is a prequel film to the beloved story Charlie and the Chocolate Factory by Roald Dahl. Wonka tells the story of a young Willy Wonka, an up-and-coming chocolate salesman and magician, who challenges a chocolate cartel’s dominance.