Against Reparations

Earlier, this year a North Carolina city committed $2.1million toward funding reparations. Surprisingly, the movement for reparations has ignited considerable political support. Unfortunately, the sensibility of calls for reparations has failed to invite scrutiny outside a few conservative publications. Usually, critics posit that reparations like welfare are unlikely to elevate the condition of black America.

Powell: “You Wanted Inflation”

This December’s Federal Open Market Committee (FOMC) meeting might be the last time we get to hear a Q&A session from Chair Powell this year. The Q&A is televised, with the transcript presented on the central bank’s website, and continues to provide invaluable knowledge into the mind of one of the most powerful men in America. Of all the quotes Powell gave us this year, the one below stands as one of the best.

The Real Reason Politicians Want Legal Cannabis Is Tax Money

The latest two states to legalize recreational cannabis are New York and New Jersey. However, if one believes governors and legislators in those states have finally adopted a more libertarian view of the topic, one will be severely disappointed. Legalization of recreational cannabis in both states is driven by the need for tax revenue—tax revenue to plug the holes in state budgets for social programs, holes in the state budget that were exasperated by the failed covid policies in both states.