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Twitter permanently bans Trump

Liberty Unyielding - Fri, 01/08/2021 - 8:30pm

Ebony Bowden, NY Post

The post Twitter permanently bans Trump appeared first on Liberty Unyielding.

Trump erases his legacy

Liberty Unyielding - Fri, 01/08/2021 - 3:37pm

Kimberley A. Strassel, WSJ

The post Trump erases his legacy appeared first on Liberty Unyielding.

Is this how Biden plans to unify the country?

Liberty Unyielding - Fri, 01/08/2021 - 3:18pm

Although he has said many times in recent weeks that he will be a president of all Americans, his tone-deaf comments are not apt to be well-received by the 70 million who voted for Donald Trump in November.

The post Is this how Biden plans to unify the country? appeared first on Liberty Unyielding.

Reckless Keynesian Advice from the OECD

Center for Freedom and Prosperity (CF&P) - Fri, 01/08/2021 - 12:01pm

For supporters of sensible policy, 2008 was not a good year. The economy suffered a big drop thanks to bad government policies (easy-money from the Federal Reserve and corrupt housing subsidies from Fannie Mae and Freddie Mac).

So what did politicians do?

Sadly, they gave us another tragic example of Mitchell’s Law. In response the damage caused by one set of bad policies, they adopted another set of bad government policies (in this case, the TARP bailout and Keynesian “stimulus” schemes).

Quite predictably, bailouts and bigger government didn’t work. Either in the United States or elsewhere in the world.

But proponents of Keynesian economics never learn from their mistakes. They simply assert that their policies somehow would have worked if the government spent even more money and maintained profligacy over a longer period of time.

You may think I’m joking, but here’s another example of this phenomenon. According to a recent news report, a senior bureaucrat at the Organization for Economic Cooperation and Development says we can have more prosperity if politicians make government bigger – both today and tomorrow.

The chief economist of the OECD has urged governments not to rush to cut public spending deficits… Laurence Boone – who runs the Organisation for Economic Cooperation and Development’s Economics Department – also said that political leaders should use fiscal policy to revive their economies… Boone said that governments had been correct to invest in stimulus packages during 2009: “The mistake came later in 2010, 2011 and so on, and that was true on both sides of the Atlantic,” she commented.

Needless to say, her analysis is wrong. If the answer is lots of spending over a long period of time, then why did the U.S. economy languish for an entire decade under the Keynesian policies of Hoover and FDR? And why has the Japanese economy languished for several decades when politicians on that side of the Pacific Ocean have imposed Keynesian policies?

Before pushing for another orgy of government spending, shouldn’t advocates of Keynesian economics be required to show us at least one success story for their approach, in any country and at any point in history?

Don’t hold your breath waiting for an answer.

By the way, before getting her sinecure at the OECD, Ms. Boone was an economic advisor to French President Francois Hollande.

That should have been a black mark. Hollande was the socialist who imposed confiscatory tax rates (resulting in effective tax rates above 100 percent for thousands of people) and drove entrepreneurs to flee the nation. Also, I can’t resist noting that Hollande copied Biden with the absurd assertion that higher taxes are “patriotic.”

Though, to be fair, Hollande eventually decided to be merciful and limit any taxpayer’s overall burden to 80 percent. How merciful!

Anyhow, you would think anyone associated with Hollande’s disastrous tenure would have a hard time getting another job.

But to the statists in charge of hiring at the OECD, Boone’s association with failed socialists policies apparently made her the most attractive candidate.

P.S. Returning to the article cited above, Ms. Boone did make one sensible observation, noting that Keynesian easy-money policies push up asset prices, which mostly benefits the rich.

…governments propped up growth with monetary policy – slashing interest rates and pumping liquidity into the banking system. But Boone argued that monetary policy “has distributional impacts” – it can for example drive up asset prices, favouring the wealthy.

Very true.

It’s great when people become rich by providing goods and services to the rest of us. It’s nauseating when people become rich because of bad government policy.

P.P.S. If governments follow Ms. Boone’s and expand the burden of government spending, it will be just a matter of time before they also impose higher taxes. But Ms. Boone won’t have to worry about that since OECD bureaucrats (like their counterparts at other international bureaucracies) get tax-free salaries.

Trump team withdraws baseless vote fraud lawsuits in Georgia

Liberty Unyielding - Fri, 01/08/2021 - 10:27am

Trump’s legal team withdrew four lawsuits challenging the election results in Georgia yesterday. Then, it lied about why it was withdrawing the lawsuits, claiming Georgia had agreed to settle the case, when it has done no such thing. In reality, Trump’s legal team had no choice but to dismiss its lawsuits, or face sanctions for […]

The post Trump team withdraws baseless vote fraud lawsuits in Georgia appeared first on Liberty Unyielding.

Report: House members nearly come to blows as Congress preaches unity to America

Liberty Unyielding - Fri, 01/08/2021 - 9:43am

‘It didn’t materialize out of nowhere. It was inspired by lies. The same lies that you’re hearing in this room tonight.’

The post Report: House members nearly come to blows as Congress preaches unity to America appeared first on Liberty Unyielding.

Open thread (1/8/21)

Liberty Unyielding - Fri, 01/08/2021 - 8:00am

“A republic … if you can keep it.” Those were supposedly the words the undeniably witty Benjamin Franklin uttered at the close of the Constitutional Convention of 1787 in response to the question “Well Doctor what have we got, a republic or a monarchy.” Yesterday the question of whether we can indeed keep it was […]

The post Open thread (1/8/21) appeared first on Liberty Unyielding.

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