Summary:Everyone is talking about tariffs, which very well could pop the post-Covid bubble. But there are at least two other economic land mines lurking that could cause an economic crisis and blow up Trump’s agenda.Links:Episode 183 Economics was invented to refute Trump’s tariff argumentsExplaining Malinvestment and OverinvestmentIs the Fed Loosening or Tightening? It’s ComplicatedFree Gifts...
Summary: Since Summer 2023, the Federal Reserve has been reducing its balance sheet and thus reducing the base money supply available to member banks. However, the $2 trillion that has flowed out of the money supply during this “tightening” has been matched dollar for dollar by money flowing back into the economy from the Reverse...
Summary: As part of his agenda to halt the mass migration of illegal immigrants into the United States, President Trump signed an executive order indicating the administration’s interpretation of the 14th Amendment as not extending citizenship to children born in the United States to mother’s who are here illegally or on a temporary visa if...
Summary: The popular television series Yellowstone raises interesting questions about property rights. Who has the best claim to the land that comprises the Yellowstone ranch? The Duttons? The developers? Or the Native Americans? Most people will be surprised by Tom’s answer. Links: Watch Yellowstone on Amazon Prime A Short History of Man: Progress and Decline...
Summary: December is upon us and that means plentiful opportunities to watch the enduring classic, It’s a Wonderful Life. Unfortunately, the overwhelming majority of viewers completely misinterpret Frank Capra’s dystopian nightmare as a heartwarming Christmas tale. The emotional appeal of angels getting their wings is undeniable. Crying out for correction, however, are the vicious slanders...
Summary: Eric Margolis has been covering the Middle East for five decades, including the Lebanese Civil War, the Mujahedeen war against the Soviet Union in Afghanistan, and the 21st century “war on terror.” He joins Tom to share his insights on the recent collapse of the Assad government in Syria. Guest Bio: Eric S. Margolis...
Summary: In a stunning development in the waning days of the Biden administration, Syria has fallen to the rebels, Assad has fled to Moscow, and the Russian Navy has evacuated its long held port at Tartus. Did Putin sacrifice Syria in exchange for an end to western funding for Ukraine? Links: Earth to Washington, D.C.:...
Summary: A man who health insurance claims were denied apparently became so overcome with misdirected resentment and rage that he murdered the CEO of United Healthcare in cold blood. Worse yet, many on the left are applauding his crime. Healthcare is certainly broken, but it’s 100 percent the result of government intervention. Links: Why a...
Summary: In the wake of President-elect Trump’s victory in the November elections, the Biden administration has further escalated NATO’s involvement in the Ukraine War by approving providing Ukraine with long-range missiles for airstrikes within Russia. Trump says he wants to end the conflict starting on day one of his administration, but has again made hawkish...
Summary: Elon Musk and Vivek Ramaswamy promise to vastly reduce government inefficiency in the administrative state. But the problem isn’t just that there are too many bureaucrats doing a poor job. It’s that the entire idea of regulation as performed by those agencies is antithetical to America’s most basic principles. People have a right to...