The Nation is the Heart of the Matter thumbnail

The Nation is the Heart of the Matter

By Christopher Demuth

Editor’s Note: This article is based on Mr. DeMuth’s opening address at the European National Conservatism Conference in Brussels, Belgium, on March 23, 2022.

February 2020 turned out to be the last month to date of normal life in most of the world. Early in the month, a few cases of what came to be known as Covid-19 were identified in Rome, in individuals recently arrived from Wuhan, China. Soon Italian hospitals were overwhelmed and the government locked down the entire nation. Cases began popping up in other well-traveled parts of Europe and the United States, and local, state, and national authorities—with little understanding of the spread or seriousness of the disease, but terrified by the news from Italy—began locking down their populations. The global pandemic was upon us.

Two years later, in February 2022, the worst of the pandemic was receding; its wounds and disruptions were being repaired and life was springing up again. Then Russia invaded Ukraine and commenced killing its people, destroying its cities, and threatening the world with nuclear war. A natural disaster was replaced by a man-made disaster of horrifying savagery and stupidity.

The free nations of the prosperous West that have been under sustained assault constitute a great and admirable civilization. Vladimir Putin and the dictators of China and Iran are right to fear not only the allure of freedom but also its power. One of the first lessons of the Ukraine onslaught is that authoritarians are as bad at military organization as they are at economic and political organization. Our far-flung interconnectedness made the novel coronavirus an instant global killer—but was also key to the rapid invention of equally novel, miraculous vaccines that have saved millions of lives.

The Free World has also, however, fallen prey to certain soft conceits, which Putin and his ilk are right to see as weaknesses. We had imagined that the world’s troubles were amenable to rational management and apolitical expertise. We could leave them to specialized agencies somewhere up there in the cloud, or maybe in Brussels, if only politicians would “follow the science” and accede to the arc of global progressivism. That would free modern man to cultivate his individuality—his personal pleasures and grievances, his likes and dislikes. The fantasy that hard problems can be wished out of our lives has been an important source of decay in our culture, political rhetoric, and institutions of government.

But the last two years have been disenthralling. Experts claimed they could specify the path of global temperatures for a century hence within a few degrees—and it turned out they could miss the path of global disease for one month hence by an order of magnitude. Experts claimed that nation-states and borders were barbaric vestiges and that global bureaucracies could usher in peace and harmony—and it turned out we had barbarians at the gates in the here and now and that nations with borders were essential to peace and harmony. Experts claimed that global markets would bring prosperity and democracy—and it turned out they could also bring domestic division and imperial domination.

Into the breach came, willy nilly, the nation-state. It is unnecessary to argue that the United Nations and the World Health Organization proved useless in the crises at hand, for everyone could see that they mainly got in the way, or yakety-yacked while others took urgent action.

Managing a pandemic—a quintessential global emergency—fell inescapably to individual nations, with their diverse demographics, healthcare, and hospital systems, public attitudes, structures of government, and leaders accountable to actual electorates and fellow citizens. When the European Union asserted authority over vaccine procurement and distribution, it badly mishandled them—even the New York Times called it a “fiasco.” Nations that didn’t have EU insider privileges had to come up with workarounds. When the going gets tough, democracy loses patience with technocracy.

Russia’s latest war has been analyzed in terms of spheres of influence, the return of great-power competition, dictatorship versus democracy. But the heart of the matter is the integrity of the nation. An imperial power invaded a peaceful self-governing nation for conquest, aiming to seize its territory and farms and industry, to subjugate its people, and to extinguish its traditions and institutions. That is why Ukraine has become a popular cause around the world. The Ukrainians cry out, this is our land, our home, our country. President Zelensky compares his countrymen’s struggle and heroism to the historic struggles and heroes of other nations; he is even gauche enough to name names at a time when other nations are toppling their heroes. You don’t have to have taken a course in political science to understand this war. Nor to be overwhelmed by the bravery and determination of the Ukrainians and to reflect on your responsibilities for your own national home.

And the response has been a rallying of sovereign nations that few living people have seen before. In the order of nation-states, each nation defends the overall order as its own interests require or permit. Some nations have been constrained by their existential reliance on Russian energy; others have judged that they may play a useful role as diplomatic intermediaries; plus, we are going to need a delegation to inform Putin that he has lost. Close to the fray, fears that one’s own nation may be next on Putin’s hit-list, or that in desperation he may introduce nuclear or chemical weapons into the military theater, have produced a spectrum of reactions both among and within nations. But the total response has been the provision of stupendous defensive armaments and intelligence, logistical, and humanitarian support, and repudiation of Putin and isolation of the Russian economy. Most striking of all has been the many reversals of national defense, energy, and financial policies that would have been inconceivable the day before the invasion.

All of this has been spontaneous collaboration, each nation bringing its unique assets to the cause without the benefit of direction by any supernational body. The EU has been helpful as a convening body, but it has disgraced itself by imposing heavy financial penalties on Hungary and Poland, for patently partisan and ideological reasons, just as those nations were struggling to welcome and care for hundreds of thousands of Ukrainian refugees. No self-respecting nation would have behaved in this manner in a time of war. Let us hope that Ukraine’s victory and EU membership will bring Brussels to a new policy of liberality towards the nations of Central Europe.

It is surely a positive development that, from terrible events, we are directing our hopes and expectations at the performance of the nation-state constrained by a renewed sense of realism.

The newly engaged nation-states came to the crises of the past two years woefully unready, following a long period of desuetude, self-indulgent politics, and, for many, mediocre leadership. Sovereignty needs to be earned continuously—through prudent finance and low public debt, diversification in energy and other requisites of national independence, and ample provision to prepare for natural disasters and military defense. Lacking these fundamentals, we have faced many tragic choices that were more painful and costly than they needed to have been. Having witnessed a display of national self-determination that will ring through history, we may be inspired to greater political seriousness in our own nations.

In the pandemic response, the diversity of national approaches, and within the United States the diversity of state approaches, yielded continuous policy competition and learning-by-doing. Among the free Western nations, the sharing of real-time data on infections, hospitalizations, and morbidity and mortality, and the rigorous criticisms of independent physicians and immunologists, contributed powerfully to policy realism. The climate-change mantra of “the science is settled” never got traction in a genuine crisis.

We are now coming to understand, better late than never, that comprehensive lockdowns and school closures were largely ineffective in controlling Covid-19 but fabulously costly to our economies and social well-being. We have gained this understanding precisely because of the knowledge generated by nation-led responses, which would have been obscured by uniform responses directed by the WHO, EU, or the federal government in the United States. For now, government restrictions are being lifted much faster than skeptics were predicting just a month ago. We will come to the next pandemic less confused and perhaps better equipped.

In the Ukraine response, it is disheartening that the German government has stuck with its plans to decommission perfectly good nuclear power plants, and that the U.S. government is still zealous to obstruct the development and use of fossil fuels. Nor has the war inspired Americans to set aside our bad habits of performative politics, personal positioning, and incessant scoring of ideological debating points. But the most striking development in the United States is that Congress has seized the initiative from the foreign policy elites, repeatedly forcing the Biden administration to revise and strengthen its assistance to Ukraine. Congress’s more representative, populist response has displayed Americans’ instinctive support for the underdog, but also a keen appreciation of the constraints and complications that attend American action.

The situation is highly dynamic, with many national elections in-store and adjustments underway in party positions and electoral strategies. Among intellectuals, the new thinking and Left-Right-Radical alignments that began with Donald Trump and Brexit in 2016 are shifting dramatically. Where government is concerned, a good rule of thumb is to Expect the Worst and Hope for the Sufficient. But it is surely a positive development that, from terrible events, we are directing our hopes and expectations at the performance of the nation-state constrained by a renewed sense of realism.

*****

This article was published by Law & Liberty and is reproduced with permission.

Bidens’ Stupidity on Gas Continues! thumbnail

Bidens’ Stupidity on Gas Continues!

By Save America Foundation

“This above all: to thine own self be true.” – William Shakespeare


Joe Biden, the usurper occupying, in my mind, the White House illegally, continues trying to pretend to be doing his best to get gas prices down. Remember, it’s an election year and he is about to get annihilated! Anyway. Trust me, everything he tries is just propaganda for the weak minded sheep out there who think the old man in his dotage is doing a good job!! None of it makes a real difference. It’s all charades. All a shell game where you gotta find the pea except there is no pea!

Let me explain.

First inflation and gas costs are not the sole fault of Putin or oil companies. His war is not helping but prices and inflation began their swift upward movement within hours of these leftists’ theft of our government and electoral system.

Secondly understand the gas prices we are seeing at the pumps are a direct result of this satanic administration and their energy policies on fossil fuels. They declared war on fossil fuels from the first moment they stole power. We all know, stopping drilling on federal land, no more permits, stopping construction of pipelines, putting so much red tape in front of lease holders to make it unprofitable. I could go on and on but my audience is smart and understands.

This administration sold its soul and our country to the extremists on the far left and have bought whole heartedly into the global warming lies. They say they are the party of science until science takes them in a different direction to their commie agenda. Then truthful science must be disregarded and mocked.

We see this by their choice to stop as much CLEAN production of oil here in my beloved United States of America and to buy oil from (a) our enemies and (b) from producers who will never produce oil as clean and safely as we do. Their lies and hypocrisy blow my mind as does the stupidity and ignorance of the sheep following them to the slaughter.

Let’s be honest here. If we had not made a big deal about us buying Russian fuel and therefore paying Russia’s military expansion tab in the Ukraine, we still would be. This administration is absolutely shameless. Then there is the Iranian deal they are trying to put together so as to get oil from Iran! By the way they are using China and Russia to negotiate that deal! You cannot make this stuff up.

Treason? You bet!

Oh. I forgot, they also want to buy oil from Venezuela and OPEC! All while we have enough right here for 100% of our needs plus a massive surplus we could export!

So, back to this administrations efforts to pretend they care!

That too is a lie.

They have authorized several releases of oil from our strategic reserves, oil that is there for emergencies, not to cover up terrible policy decisions in an election year. Thus they are damaging our national security – not that they care at all about that. The amounts amount to a tiny percentage of our daily use.

They have gone like the weak cowards they are on bended knees to OPEC begging them to increase production hoping that would bring the prices down. However, we were humiliated as a now weak nation multiple times as OPEC said no.

That wouldn’t have happened under Trump – in fact nothing we have seen the last 14 months or so would have happened under President Trump.

So. A brief resume of events so far before I come to their latest stupidity and lies. We have so much oil we can cleanly produce here that we cannot now obtain. We buy oil from our enemies that is produced without too much care about global warming and the pollution. We bought from Russia until the scandal came out. Now we want to buy oil from Iran, the worlds largest international sponsor of terrorism. Plus give them countless billions of dollars on top of that so they can become a nuclear armed state! Israel – look out, we are stabbing you in the back. Then we want to buy oil from Venezuela, a terrible socialist dictatorship that hates America. They will use those American Petro dollars to further keep their citizens down. Forcibly.

Everyone happy with those choices? I know I am not.

The latest scam is to allow ethanol fuel year round. This is fuel with a percentage of ethanol and sells for about 10c a gallon less. It is highly subsidized with tax payer money to the farmers.

Here is the kicker!

You get a little more performance BUT you do not get as many MPG out of it! Chicanery? Yep! Like a card shark.

Now they have just reversed course again and will begin offering for sale oil leases on federal land – again.

Hmmmmm ….. again, why? They are not reducing the red tape, cost and the years oil companies would need to start production, they are not allowing pipelines to be finished or started to move the oil cheaply once produced. These new announcements will produce more barriers and hoops for oil companies to jump through.

Most of the more significant areas of land with potentially the most easily and cheaply obtainable oil are not being included in the sales. The increased costs that will come with these leases will not encourage drilling as the oil cannot most likely be produced economically or for years. They are offering 173 parcels of land on 144000 acres which is an 80% reduction from the acreage originally stated. So not a big deal. By the way oil companies have to pay these leases monthly regardless to if they are actually drilling.

U.S. Oil and Gas Association President Tim Stewart said the following on Neil Cavuto’s show the other day after this latest Biden scam was proudly heralded by Biden’s Secretary of the Interior, that the oil crisis will be further compounded by this latest stupidity.

In his words from the Cavuto Show on Fox he said the following,

“I realize that the Secretary of Interior is very much on message with the rest of the Biden administration…which is we all pay 50% more for 80% less…she was very clear that’s what she was going to do for those oil and gas operators who were interested in doing work on federal lands, that we should be prepared to pay about 50% more in royalties and other fees that we already pay. At the same time, we’re only going to have access to about 20% of the current acreage that we have put forward to the secretary as potential oil and gas opportunities for us. It goes to this fundamental question of when we’re in a crisis like this, is this policy, will it do anything to increase production? And the answer is no…actually it will compound the problem. We have a short-term production shortfall right now. The Secretary’s actions that she announced yesterday will push this problem out three, five, seven, 10 years.”

You guys beginning to see it now? The lies. The propaganda? The chicanery?

The MSM will as always attempt to show Biden in a good light, showing how his wiseness and kindness plus his real concern for we, the people is coming out with these latest Team Biden solutions!!

DO NOT BUY INTO THAT.

TRUST ME.

THE ONLY THING THIS ADMINISTRATION CARES ABOUT IS THE TOTAL ANNIHILATION OF THIS CONSTITUTIONAL REPUBLIC.

SIMPLY PUT – THEY ARE TRAITORS.

©Fred Brownbill. All rights reserved.

Unhinged Twitter Board Adopts ‘Poison Pill’ Stop Elon Musk and Free Speech thumbnail

Unhinged Twitter Board Adopts ‘Poison Pill’ Stop Elon Musk and Free Speech

By The Geller Report

The left cannot permit the free exchange of ideas because their failed ideas cannot stand up to scrutiny and challenge.

Freedom of speech is the foundation of a free society. Without it, a tyrant can wreak havoc unopposed, while his opponents are silenced.

Putting up with being offended is essential in a pluralistic society in which people differ on basic truths. If a group will not bear being offended without resorting to violence, that group will rule unopposed while everyone else lives in fear, while other groups curtail their activities to appease the violent group. This results in the violent group being able to tyrannize the others.

If speech that offends a group is outlawed, that group has absolute power, and a free society is destroyed. A group that cannot be criticized cannot be opposed. It can work its will no matter what it is, and no one will be able to say anything to stop it.

Inoffensive speech needs no protection. The First Amendment was developed precisely in order to protect speech that was offensive to some, in order to prevent those who had power from claiming they were offended by speech opposing them and silencing the powerless.

A free society is by its nature one in which people put up with others being uncivil and offensive. The alternative is a quiet authoritarian society in which only one opinion is allowed and the others are silenced, and ultimately sent to the camps.

And just like that Elon Musk proved the system is rigged.

— thebradfordfile (@thebradfordfile) April 15, 2022

If Elon Musk does nothing else, he already won. All this freaking out, crying, screaming on social media and scrambling to out buy stock, just because someone who believes in free speech has a stake in the company, is deeply telling. And it all happened out in the open.

— Stephanie (@StephHoover8) April 14, 2022

Twitter board adopts so-called ‘poison pill’ plan to block Musk from taking platform private

The plan was adopted by Twitter’s board of directors

By Just the News, April 15, 2022 – 1:09pm

Twitter’s board of directors on Thursday unanimously adopted a plan Friday to stop Tesla CEO Elon Musk’s plan to take private the social media company

Under the plan, which is also referred to as a “poison pill”, shareholders’ rights will become exercisable if an entity, person or group acquires beneficial ownership of 15% or more of Twitter’s outstanding common stock in a transaction not approved by the board,” according to Fox News.

The board says the plan “is intended to enable all shareholders to realize the full value of their investment in Twitter” and will “reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders,” the news outlet also reports.

RELATED ARTICLE: Biden approval rating drops to 33 percent, hitting new low in key poll

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved.

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Labor Unions [Quietly] Admit the Jones Act Is Contributing to America’s Supply Chain Problems thumbnail

Labor Unions [Quietly] Admit the Jones Act Is Contributing to America’s Supply Chain Problems

By Foundation for Economic Education (FEE)

The AFL-CIO appears to recognize that the Jones Act is part of the US supply chain problem.


As reported by Politico earlier this week, the AFL-CIO’s Transportation Trade Department has authored a new statement on US maritime policy that features predictable enthusiasm for protectionist policies such as the Jones Act and cargo preference laws. More interesting, however, is the statement’s inclusion of language calling for a fleet of feeder vessels to transport cargo through the country’s coastal waters:

Creating a fleet of U.S.-built, U.S.-flag and crewed feeder vessels to carry a portion of America’s trade along our coasts to be offloaded in underutilized ports for transportation by truck and rail to their ultimate inland destination will not only strengthen the maritime industry and create jobs aboard ship and in our ports but will help mitigate against future shipping supply chain disruptions.

This passage is significant for at least two reasons. First, it acknowledges that the United States currently lacks such vessels connecting smaller ports to larger ports as part of a hub and spoke system. Second, it states that such a transportation option would help relieve supply chain disruptions by alleviating demands on overburdened truck and rail networks.

Thus, US policies that stand in the way of developing a network of coastal shipping—also known as short sea shipping or marine highways—contribute to the supply chain crisis.

As I’ve written before, one of those policies is the Jones Act. Simply put, requiring the use of vessels that are far most costly to build and operate than foreign ships is a significant disincentive to utilizing this method of transporting goods. The capital costs alone of acquiring such vessels—which must be constructed by US shipyards much less efficient than their foreign counterparts—were perceived by ocean carriers as the single largest obstacle to the implementation of short sea shipping in the United States according to a 2006 study.

As my colleague Scott Lincicome pointed out last September, this lack of coastal shipping has “worsened the current shipping situation by (1) putting additional pressure on inland transit (i.e., trucks and trains are used instead of ships that could travel between US ports); and (2) causing companies to avoid the Jones Act by “port hopping” up and down US coasts using larger, foreign‐​flagged ships that take longer to offload and are prohibited from picking up additional cargo while they’re in port.”

Fortunately, the AFL-CIO may be catching on. Noting the lackluster state of US shipbuilding, the head of the organization’s Metal Trades Department stated in a December interview that foreign‐​built ships may have to be purchased to help jumpstart marine highways. For that to happen, however, Congress would have to pass legislation waiving the Jones Act’s US-built requirement.

This legislative change wouldn’t solve all of the Jones Act’s problems but would mark an excellent first step in reducing the law’s burdens. Allowing an influx of new, less expensive ships would generate jobs for US mariners, business for smaller US ports, and even potential repair and maintenance work for US shipyards while reducing American highway and rail congestion and transportation costs.

Such change would be good for the environment too: reduced traffic means fewer emissions while ships are a more carbon‐​friendly means of transporting goods than trucks or rail. Once realized, such benefits could spark an appetite for further liberalization and a paring back of maritime protectionism.

The article was republished with permission from the Cato Institute.

AUTHOR

Colin Grabow

Colin Grabow is a policy analyst at the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies.

EDITORS NOTE: This FEE column is republished with permission. ©All rights reserved.

VIDEO: Skyrocketing Food Price Mystery Exposed thumbnail

VIDEO: Skyrocketing Food Price Mystery Exposed

By MERCOLA Take Control of Your Health

  • Food shortages and skyrocketing food prices now appear inevitable. The global food price index hit its highest recorded level in March 2022, rising 12.6% in a single month. On average, food prices were one-third higher than in March 2021. In the U.S., food prices rose 9% in 2021, and are predicted to rise another 4.5% to 5% in the next 12 months
  • Inflation was already ramping up well before Russia went into Ukraine, thanks to the uncontrolled printing of fiat currencies that occurred in response to the COVID pandemic. Governments’ COVID responses have also wreaked havoc with global supply chains, causing disruptions that continue to this day
  • Ukraine has ceased exports of wheat, oats, millet, buckwheat and cattle, and Russia has banned exports of fertilizer
  • Together, Russia and Belarus provide nearly 40% of the global exports of potash, a key fertilizer ingredient. Russia also exports 48% of the global ammonium nitrate, and combined with Ukraine, they export 28% of nitrogen, phosphorous and potassium fertilizers. Experts are now predicting fertilizer prices may double as a result of Russia’s ban on fertilizer exports
  • The long-term answer lies in regenerative biodynamic farming, which does not use any chemical inputs

In the featured video, “Breaking Points” cohosts Krystal Ball and Saagar Enjeti discuss one of the greatest threats currently facing the people of the world, namely food shortages and skyrocketing food prices.

According to a recent NPR report,1 the global food price index hit its highest recorded level in March 2022, rising 12.6% in a single month.2 On average, food prices were one-third higher than in March 2021. In the U.S., food prices rose 9% in 2021, and are predicted to rise another 4.5% to 5% in the next 12 months.3

But while the Ukraine conflict is cited as the primary cause, it’s not the sole reason. Price inflation was already ramping up well before Russia went into Ukraine, thanks to the uncontrolled printing of fiat currencies that occurred in response to the COVID pandemic. Governments’ COVID response have also wreaked havoc with global supply chains, causing disruptions that continue to this day.

The climate has also been uncooperative, causing poor harvests around the world. China, for example, has reported it expects the lowest harvest yields in history this year, thanks to serious flooding of its farmland in the fall of 2021.4

Compounding Crises Threaten Global Food Productivity

That said, the Russia-Ukraine conflict is certainly making a bad problem worse. Ukraine is known as “the bread basket” of Europe, responsible for producing and exporting 12% of all food calories traded on the international market. Russia is also a major exporter of food, and together with Ukraine, the two countries account for nearly 30% of global wheat exports, nearly 20% of the world’s corn and more than 80% of the sunflower oil.5

According to the U.S. Department of Agriculture’s projections, wheat exports from Russia and Ukraine will be reduced by more than 7 million metric tons in 2022. At the same time, the Ukrainian government has decided to ban all export of wheat, oats, millet, buckwheat and cattle, to ensure food safety for its own people, while Russia has banned exports of fertilizer.6

As reported by Wired, the current food crisis in Ukraine is made up of several components, and the effects will have a worldwide rippling effect, thanks to our dependency on global trade:7

“Goods that have already been harvested — last autumn’s corn, for instance — can’t be transported out of the country; ports and shipping routes are closed down, and international trading companies have ceased operations for safety. (Plus, while those crops sit in bins, destruction of the country’s power grid takes out the temperature controls and ventilation that keep them from spoiling.)

This year’s wheat, which will be ready in July, can’t be harvested if there’s no fuel for combines and no labor to run them. Farmers are struggling over whether to plant for next season — if they can even obtain seeds and fertilizer, for which supplies look uncertain [ … ]

Analysts worry that the countries that buy the most wheat from Ukraine — predominantly in Africa and the Middle East — will have the hardest time paying as prices rise.”

Scott Irwin, an agricultural economist and professor in the College of Agricultural, Consumer and Environmental Sciences at the University of Illinois told Wired magazine:8

“This crisis is beyond the normal ability to shuffle supplies around. We’ve exploded that system, and the cost is going to be extreme economic pain.”

Serious Fertilizer Shortage Looms

Together, Russia and Belarus provide nearly 40% of the global exports of potash, a key fertilizer ingredient. Russia also exports 48% of the global ammonium nitrate, and combined with Ukraine, they export 28% of nitrogen, phosphorous and potassium fertilizers.9

Experts are now predicting fertilizer prices may double as a result of Russia’s ban on fertilizer exports. For some farmers, that will be a death knell that causes them to go out of business. The rest will be forced to charge more for their commodities, resulting in skyrocketing food prices.

Biodynamic Solutions

Are there any solutions to this pressing dilemma? I would argue that there are, but it’ll require rapid response and adaptation from farmers everywhere. As explained in “Kiss the Ground,” a documentary about biodynamic farming, a beautiful harmony exists within nature, and we can benefit by tapping into that natural system with biodynamic practices rather than working against it.

As noted in the film, a preview of which is included above, “Biodynamic farming is simply farming in service of life.” While it requires a leap of faith to make the transition, the results speak for themselves. Biodiversity improves rapidly on farms that make the transition, and the quality of the food (and the quality of life of the farmer) is greatly augmented.

Biodynamic agriculture builds upon the foundation of organic farming. That means zero pesticides and synthetic fertilizers are used. But biodynamic then goes a step further. The goal is to make the land better than it was before. It doesn’t just stop the destruction of soil, but actually regenerates it.

The farm as a whole is basically viewed as one organism, where each part of the farm supports the rest. Livestock have their role, as do microorganisms and beneficial insects. Rather than working against you, they’re now working for you to improve the fertility of the soil and the quality of the food grown in it.

Biodynamic farming is really about being a part of nature and working with it rather than trying to conquer nature through unnatural and ultimately destructive means.

Biodynamic farming can also, over time, help stabilize the climate. Not only do biodynamic farmers not pollute the air, water or soil in the first place, but the plants also pull carbon from the air, depositing it back into the soil where it does the most good, and requires far less watering. Regenerative practices also prevent the loss of topsoil and increase rainfall.

For example, regenerative ranchers in Northern Mexico, in the Chihuahuan Desert, who have added 1 million acres of rotational grazing, report getting 15% to 20% more rainfall than their neighbors who haven’t regenerated their land.

Support Biodynamic Farming

Many of the food products we sell under the Mercola brand are produced by Demeter certified biodynamic farmers in eight countries. Demeter is the oldest ecological certification in the world. Most recently, we’ve initiated the first-ever standards for Demeter Certified Biodynamic supplements as well.10

We also fund the Billion Agave Project, initiated by Regeneration International on a regenerative farm in Mexico run by the Organic Consumers Association. It’s a fantastic solution that solves several problems at once.

This project is a game-changing ecosystem-regeneration and reforestation strategy that uses a combination of agave plants and mesquite (a nitrogen-fixing companion tree), to salvage and regenerate degraded semi-arid lands that aren’t suitable for other crops.

Forty percent of the world is arid or semi-arid and in danger of becoming desert where nothing will grow. But we can reverse this process using native plants and permaculture techniques such as this one.

By taking a limb from a healthy mesquite tree, adding some natural hormones and wrapping the branch with a bag filled with compost, you will, after three to four months, have a small tree ready for planting as new roots grow into the compost-filled bag. At that point, you can either plant it into a container or directly into the soil.

This process is known as “air layering.” A 1-year-old mesquite tree grown in this way will be as big as a 7-year-old mesquite tree grown from seed, significantly speeding up the reforestation effort. The roots of the mesquite tree can burrow hundreds of feet down in search of water, and they in turn provide nutrition for other plants, as they exchange liquid carbon from the tree for the nutrients from the soil.

In this way, the mesquite supports the growth of the agave without need for chemical fertilizers, and the agave can then be used to produce a fermented nutrition-rich biomass that supports grazing livestock that otherwise might not have enough to eat.

A Way to Support Grazing Cattle on Semi-Arid Lands

Agave is best known for producing tequila, but a local farmer in Mexico discovered he could use the massive leaves, which are typically discarded as junk, to produce a nutrient-rich livestock feed. Cows, sheep, goats, pigs, chickens and even sheepdogs enjoy it.

The feed is produced by finely chopping up the leaves, each of which can weigh 40 to 80 pounds, and then fermenting them in a closed container. To this fermented mash, you can then add mesquite pods at a ratio of 80% to 90% agave leaf and 10% to 20% mesquite pods. This mix is superior to alfalfa in terms of nutrition, but costs only a third or a quarter of the price.

A big part of the cost-savings is from the reduced water consumption. Alfalfa needs about 26 times more water than agave and mesquite. Most of the animals on the farm eat the natural vegetation and get the agave mash as a supplement.

However, by adding garbanzo beans — another low-water crop — you could produce a feed that the animals could live on exclusively. Considering some areas are now considering culling their livestock herds due to a shortage in cattle feed,11 this could be a novel solution in some instances.

New Market Opportunities

Changing the farming subsidies to prioritize regenerative farming would go a long way to changing the status quo, but private investing is another route to success that is now coming to the fore.

There’s a new type of asset being developed on the stock exchange called Natural Asset Stocks, or Natural Asset Corporations. The government of Costa Rica, for example, is putting all government-owned forests and farmlands into a Natural Asset Corporation.

This is a type of stock different from anything we’ve seen so far. Basically, these stocks will allow fund managers, private investors and corporations to invest in natural assets. The part you end up owning is the ecosystem services of that land.

So, for example, you could own the environmental services resulting from the Billion Agave Project, which include carbon sequestration amounts and water savings. Over time, as the whole system matures and the soils are regenerated, your asset rises in value.

This new asset system will allow Wall Street to divert financial assets into ecosystem assets that benefit the planet in a multitude of ways, and still get a return on their money.

The Organic Consumers Association has also developed a system of verification to go along with this new asset system. Using modern technology, it will be able to accurately measure things like the number and size of plants and the health of the soil.

Had heed been taken sooner, we wouldn’t be in such a precarious position right now. But hindsight is 20/20, and I believe many farmers will now be forced to make the tough choice to make the conversion to biodynamic if they want to survive in the long term.

They’re also using a blockchain accounting system to verify the calculations and make it very difficult to cheat. So, anyone who invests in a natural asset will be able to verify, several years down the road, at a very low cost, whether the asset has improved or degenerated.

Regenerative Farming Could Save the World

A number of people have pushed regenerative farming for decades, warning that the current chemical-dependent monoculture is unsustainable in the long run, and subject to geopolitical disruptions. We’re seeing the reality of those warnings right now.

Had heed been taken sooner, we wouldn’t be in such a precarious position right now. But hindsight is 20/20, and I believe many farmers will now be forced to make the tough choice to make the conversion to biodynamic if they want to survive in the long term.

Their transition is not going to bring immediate help to the global population, as it takes a number of years to turn depleted soils into soils that can support food production without chemical inputs. But we have to start thinking in the longer term if any of us are to survive.

As a nonfarmer, you can support this effort by buying food from regenerative and biodynamic farmers. Regenerative International, incorporated in 2014, has built a global network of regenerative farmers and ranchers, with some 400 affiliates in 60 countries.

You can find a map of these regenerative farms on RegenerationInternational.org. Of course, you can also implement regenerative strategies in your own garden, even if it’s a small one. The future does look bleak at the moment, with food shortages and skyrocketing prices appearing inevitable, but doing nothing is not the answer. We must all start thinking ahead and make wiser choices.

The globalization of food production has led us to the brink of disaster. The answer is to return to locally grown foods. Similarly, our reliance on chemical-dependent monocultures has just been proven to be a weak link that needs to be replaced by regenerative methods that don’t need chemicals to thrive. We have the answers to the problem. We just need to implement them, as rapidly as possible.

RELATED ARTICLE: Labor Unions (Quietly) Admit the Jones Act Is Contributing to America’s Supply Chain Problems

EDITORS NOTE: This MERCOLA column is republished with permission. ©All rights reserved.

Johns Hopkins Study: Lockdowns ‘Had No Public Heath Effects’ thumbnail

Johns Hopkins Study: Lockdowns ‘Had No Public Heath Effects’

By The Geller Report

As we here at the Geller Report have reported for the past two years. One only has to look at countries that did not lockdown, ie Sweden, who fared better.

Still Democrats, in their relentless pursuit of American destruction, continue to threaten us with them.

Johns Hopkins Study: ‘Lockdowns Had Little to No Public Health Effects’

By Keely Sharp, Think American, April 16, 2022

According to a new study by Johns Hopkins University, the pandemic “lockdowns have had little to no public health effects,” and have “imposed enormous economic and social costs where they have been adopted.”

“While this meta-analysis concludes that lockdowns have had little to no public health effects, they have imposed enormous economic and social costs where they have been adopted,” the authors of the study reported.

They added, “In consequence, lockdown policies are ill-founded and should be rejected as a pandemic policy instrument.”

Wow, you mean the “conspiracy theorists” were right?? No wonder social media giants, the media, and the government worked so hard to keep them quiet.

Breitbart reports:

The authors are Jonas Herby, special advisor at Center for Political Studies in Copenhagen, Denmark; Lars Jonung, professor emeritus in economics at Lund University, Sweden; and Steve H. Hanke, a Professor of Applied Economics and Founder & Co-Director of The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.

The study, the authors said, was “designed to determine whether there is empirical evidence to support the belief that ‘lockdowns’ reduce COVID-19 mortality.” The authors defined lockdowns “as the imposition of at least one compulsory, non-pharmaceutical intervention (NPI).”NPIs, they explained, “are any government mandate that directly restrict peoples’ possibilities, such as policies that limit internal movement, close schools and businesses, and ban international travel.”

The authors explained that “public health experts and politicians” have “embraced compulsory lockdowns” to address the coronavirus pandemic, and their study was to answer the question of other or not that has done more harm than good.

“To answer our question, we focused on studies that examine the actual impact of lockdowns on COVID-19 mortality rates based on registered cross-sectional mortality data and a counterfactual difference in-difference approach,” the authors said.

Read the rest.

RELATED ARTICLES:

Sweden’s COVID Success: NO Lockdowns, They’re Doing SO MUCH BETTER Than Their European Nieghbors, 

Sweden Refused to Lockdown: They Were Right, New Cases Plunge, Very Ill Approach ZERO

Sweden records just 40 new coronavirus deaths: New data shows moderate social distancing slows Wuhan Virus spread to manageable levels with no lockdowns needed

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved.

Quick note: We cannot do this without your support. Fact. Our work is made possible by you and only you. We receive no grants, government handouts, or major funding.

Tech giants are shutting us down. You know this. Twitter, LinkedIn, Google Adsense, Pinterest permanently banned us. Facebook, Google search et al have shadow-banned, suspended and deleted us from your news feeds. They are disappearing us. But we are here.

Subscribe to Geller Report newsletter here — it’s free and it’s critical NOW when informed decision making and opinion is essential to America’s survival. Share our posts on your social channels and with your email contacts. Fight the great fight.

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These 5 States Will Have Highest Tax Burdens in 2022, New Analysis Reveals thumbnail

These 5 States Will Have Highest Tax Burdens in 2022, New Analysis Reveals

By Foundation for Economic Education (FEE)

Don’t be surprised if the states topping this new list start losing people to states that don’t take as much of their money.


ax season is in full swing, and many Americans are likely grimacing as they crunch the numbers and prepare to open up their wallets. But some more so than others, as the relative tax burden in the US varies vastly across different states. And now, a new analysis reveals which states will have the highest (and lowest) taxes in 2022.

The right-leaning, nonpartisan Tax Foundation just ran the numbers to rank the states based on their average combined state and local tax burden. This does not include the many federal taxes all Americans must pay regardless of state residency.

Here’s what analysts Erica York and Jared Walczak found:

  1. New York: 15.9 percent
  2. Connecticut: 15.4 percent
  3. Hawaii: 14.1 percent
  4. Vermont: 13.6 percent
  5. California: 13.5 percent
  1. Alaska: 4.6 percent
  2. Wyoming: 7.5 percent
  3. Tennessee: 7.6 percent
  4. South Dakota: 8.4 percent
  5. Michigan: 8.6 percent

This ranking does not look solely at the absolute amount received in taxes by state and local governments. It also attempts to account for the true burden of taxes, given that sometimes the real cost of a state tax can be imposed on residents of other states. (For example, people who live in New Jersey but work in New York City also pay many New York taxes).

These differences in taxation levels are more than just a pleasant surprise for taxpayers in some states (and an ugly reality for taxpayers in others). With combined state and local tax burdens varying between nearly 16 percent in New York and just 4.6 percent in Alaska, there’s a big enough difference between the states to encourage tax competition.

What is tax competition?

It’s when “jurisdictional competition leads to better tax policy,” economist Dan Mitchell explains. “Simply stated, politicians are less greedy when they have to worry that the geese with the golden eggs can fly away.”

Americans can (and do) relocate when their local and state governments excessively raise taxes. This means states must always be on the watch against losing residents to lower-tax neighbors, a positive incentive structure that helps keep the growth of government in check and protect our wallets from greedy politicians.

So, don’t be surprised if the states topping this new list of high tax burdens start losing people to states that don’t take as much of their money.

AUTHOR

Brad Polumbo

Brad Polumbo (@Brad_Polumbo) is a libertarian-conservative journalist and Policy Correspondent at the Foundation for Economic Education.

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EDITORS NOTE: This FEE column is republished with permission. ©All rights reserved.

WHOOSH, Dollar’s Purchasing Power Goes to Heck as Services Inflation Takes Off, Food Spikes, Energy Explodes, But Used Cars Finally Stall thumbnail

WHOOSH, Dollar’s Purchasing Power Goes to Heck as Services Inflation Takes Off, Food Spikes, Energy Explodes, But Used Cars Finally Stall

By Wolf Richter

The Fed is still pumping fuel on the fire.

The Consumer Price Index today – a measure of how fast the dollar and everything denominated in dollars, including labor, lost its purchasing power – is a horror show, the likes of which the majority of Americans have never experienced in their lives. The reality on the ground is even worse for many people because CPI is slow to pick up the red-hot housing inflation as we’ll see in a moment, and because CPI structurally is skewed to represent the inflation felt by higher-income households, while lower-income households, as Fed governor Lael Brainard pointed out last week, face higher inflation and feel it much more.

The overall Consumer Price Index (CPI-U) spiked by 1.2% in March from February, and by 8.5% from a year ago, the worst since 1981, according to data released by the Bureau of Labor Statistics today.

But in 1981, the Fed was effectively cracking down on inflation with double-digit policy interest rates, and inflation was on the way down.

Now inflation is spiking, and the Fed is still repressing short-term interest rates to near 0%, and it still holds $8.9 trillion in assets on its balance sheet as a result of years of money printing, including $4.8 trillion that it printed over the past two years to repress long-term interest rates and to produce the biggest wealth disparity ever. And now we’re surprised by this spike in inflation?

There is no period in history that compares to this period, not even the 1970s because the Fed wasn’t printing money in the 1970s.

WHOOSH goes the Dollar’s Purchasing Power.

Consumer price inflation is not a sign of anything positive, but a sign of the loss of the purchasing power of the consumer’s dollar, including the purchasing power of labor. And it’s cumulative, month after month, year after year. In March, the purchasing power of $100 in January 2000 dropped to a new record low of $58.80, which explains why the mood of Americans has curdled:

Inflation in services is now spiking.

The CPI for services – which includes housing costs – jumped by 0.7% in March from February, the third jump in a row of this magnitude, and by 5.1% compared to March last year, the worst services inflation since 1991. Given how slow the CPI is in picking up the surging housing costs, this portion of the CPI will continue to get worse, even as prices of gasoline and used cars might come down some.

Inflation in housing costs.

The largest component in CPI is “shelter,” a basket of services that is designed to represent housing costs and accounts for 32.7% of total CPI. The largest components in this basket are “Rent of primary residence,” accounting for 7.3% of total CPI, and “Owner’s equivalent rent of residence,” accounting for 24.0% of total CPI.

“Rent of primary residence” jumped by 4.4% in March (red in the chart below). This tracks what tenants reported as their actual rent payments, including in rent-controlled apartments.

“Owner’s equivalent rent of residences” rose 4.5% (green line). This tracks the costs of homeownership as a service, based on what homeowners reported that their home would rent for.

Because both of these rent measures are lagging, they will continue to spike as they catch up, even if over the next 12 months housing inflation actually were to cool down a little. So these housing components that weigh much more heavily than used cars or gasoline are guaranteed to provide upward pressure on CPI well into 2023 (my discussion of this phenomenon).

Note that both measures are still well below the overall CPI and therefore are still holding down CPI, but less than before, and as they rise, they will hold down CPI even less.

*****

Continue reading this article at Wolf Street.

Do Greedy Countries Have Higher Inflation? thumbnail

Do Greedy Countries Have Higher Inflation?

By Nicolas Cachanosky

Blaming high inflation on corporate greed has become a favorite pastime of some prominent politicians. Senator Elizabeth Warren (D-MA) has accused large corporations of driving inflation, a view that is out of sync with the data. More recently, Senator Bernie Sanders (D-VT) joined the chorus. “Corporate greed is Tyson Foods raising the price of beef by 35 percent while its owner became $1.6 billion richer during the pandemic, its profits skyrocketed by 140 percent last quarter to $1.12 billion and its CEO got a 22 percent raise last year to $14 million,” Sanders tweeted, “It’s not inflation. It’s greed.”

If inflation is the result of greed, as Sanders claims, one should expect to see more inflation in more greedy countries and less inflation in less greedy countries. But that’s not the case.

The 2021 CAF (Charities Aid Foundation) World Giving Index ranks countries based on (1) the amount of help given to strangers, (2) money donated to charities, and (3) time volunteered to an organization. The higher the score, the higher the giving. To the extent that giving is (negatively) correlated with greed, one can use the CAF World Giving Index as a measure of how greedy a country is. The higher the score, the lower the greediness of the country.

The following figure plots the CAF World Giving Index score and inflation rate for 66 countries. There is no relationship between greed and inflation. And, to the extent that there is any relationship, it goes in the opposite direction than suggested by Senators Warren and Sanders: Greedy countries have slightly lower inflation rates.

Figure 1. Inflation and greed across countries, 2021

If the Warren-Sanders greed hypothesis were correct, one would observe a negative trend between inflation and the CAF World Giving Index with countries relatively close to the trend line. Instead, there is a slightly positive trend line, with countries located all over the place. Japan and Italy are greedier than the US, but they have significantly lower inflation rates. India and Thailand do not differ much from the US in terms of greediness, but both countries have lower rates of inflation than the US. Estonia and Pakistan, on the other hand, are greedier than the US and have higher rates of inflation. Needless to say, the correlation between inflation and the CAF World Giving Index offers no support for the Warren-Sanders greed hypothesis.

The lack of correlation between greed and inflation is not the only empirical problem for the Warren-Sanders view. The data also show that, at least relative to other countries, the US is not very greedy. Indeed, it is one of the most charitable countries in the world. In terms of greed, the US ranks 54th out of 66 countries. It has the 10th highest inflation rate.

Blaming big corporations for inflation no doubt serves the political interests of Sens. Warren and Sanders. But it is inconsistent with the available data. That is not surprising: It is inconsistent with standard monetary economics as well.

*****

This article was published by AIER, American Institute for Economic Research, and is reproduced with permission.

Giving Our Money Away Again thumbnail

Giving Our Money Away Again

By Bruce Bialosky

President Biden thinks his real title is “Spender in Chief,” not Commander in Chief. He is always throwing our money around. It seems every answer he provides has him committing our money without any clear explanation of his authority. His recent failings have caused him to refocus his efforts on a new, but recurring subject – student loans.

Biden is not the only one who wants to spend wildly. He has gotten immense pressure from his party (particularly the Left). Now that the Build Back Better boondoggle has tanked, the Left and other Democrats feel compelled to spend money somehow. They want to relieve the debt from student loans, and they are using the pandemic as a front for their battle on the issue.

Student loan repayments have again been deferred until August 1, 2022, with no interest accruing during the deferred period. Biden had said the deferral to February 1, 2022, would be it, but that did not hold for long. This is the sixth time the repayments have been deferred during the pandemic with zero evidence that the people who owe the loans are not capable of repayment.

The drumbeat for relief rolls on. Katrina vanden Heuvel who writes for the Washington Post and is a darling of the Left wrote “But the move also raises the question: Why restart payments at all?” She states, “89 percent of borrowers reported they are not ‘financially secure’ enough to resume payments.” That is some new financial standard that has been created. Loans used to be based on whether someone had the financial capability to repay the loan, not their state of mind.

There is extensive duplicity being displayed by the people favoring loan relief.

While people argue to eliminate college loan debt, they likewise encourage people to attend college. They tell young adults how much more they are going to make than with only a high school degree. If you get a bachelor’s degree, it is estimated you will make on average 75% more over your lifetime — or roughly $1.2 million. Those with a master’s degree will earn an additional $400,000 above a bachelor’s degree and it gets even better for a Ph.D. who will earn $1.2 million more than a bachelor’s degree. Coming in at the top is a professional degree which will earn a stunning $1.9 million more over their careers than having a bachelor’s degree.

That begs the question: Why would we let any of these people off the hook for their student loans? It seems like people are making a conscious investment in their future. A lot are obtaining their degrees or advanced degrees with the idea they will make more money, and statistics prove that out.

My favorite Senator, Lizzie Warren, sponsored a resolution with Majority Leader Schumer and Rep. Ayanna Pressley (D-Mass and Squad member) urging Biden to cancel up to $50,000 of student loan debt which supposedly would relieve 36 million people from their loans. This equates to $1.8 trillion. There is no mention of President Biden’s “authority” to cancel any student debt in the resolution. Once again Congress is shirking its own responsibility by not passing its own bill. Methinks the reason they sponsored the resolution is because they could not get a bill through Congress.

None of these proposals are accompanied by any procedures to change the accumulation of this debt in the future. As has been previously discussed in this column, colleges shovel these loans out to students with one concern – feeding the colleges’ coffers to pay the fat salaries of their overstuffed staff. There is no counseling by perhaps asking someone if it might be a bit nuts to get a master’s degree in sociology with no prospects for a job when you graduate that will allow you to repay the $150,000 you borrowed. There is no explanation that once you graduate from college with your $75,000 debt you will have to start making payments of $600 per month and how long it will take to pay off your debt. There is no mention of the fact that 40% of people with college degrees are working in positions that don’t require having a college degree.

There are three major objections to these proposals:

1. What about parents who went into debt to make sure their child doesn’t acquire these student loans? Or how about the many people who have paid back their student loans? Or the 70% of Americans who do not attend college who will be saddled with this debt.

2. These college graduates earn more than high school graduates. They made investments in their futures so why should they be relieved of their investment obligations?

3. If we relieve these debts if we piled that $1.8 trillion or more onto the national debt, what are we doing to stop the same situation from reoccurring ten years from now? We are doing nothing at present. We are not requiring these universities to be more financially responsible as evidenced by them loading up on average 45 staff for DEI. We are not requiring outside people to advise these students of the risks involved in taking on these loans.

This is a manufactured crisis to continue to feather the beds of a major constituency of the Left – university personnel. We are looking at relieving debts for people who by definition are the less needy of Americans. Relieving this debt will do nothing but put our national government in a bigger hole from which it cannot dig itself out. It is feathering the nest of special interest groups to get them to vote for Democrats for the remainder of their lifetimes. It is inherently un-American for someone to shift their debt onto the backs of other Americans when they are capable of repayment.

Call me when the problem has been fixed going forward by taming costs and properly educating borrowers by a disinterested third party. Until then this is the ultimate boondoggle.

*****

This article was published by FlashReport and is reprinted with permission from the author.

ALL TIME HIGH: Producer prices soar 11.2% from a year ago in March, the biggest gain on record thumbnail

ALL TIME HIGH: Producer prices soar 11.2% from a year ago in March, the biggest gain on record

By The Geller Report

And the ruling party’s number one concern is sexualizing your children.

Producer prices rose 11.2% from a year ago in March, the biggest gain on record

  • The producer price index, which measures prices paid by wholesalers, rose 1.4% in March and 11.2% from a year ago, both records for data going back to 2010.
  • Prices for final demand goods led with a 2.3% monthly rise, while services prices gained 0.9%.
  • Wednesday’s release comes the day after the BLS reported the consumer price index for March surged 8.5% over the past year.

The producer price index, which measures prices paid by wholesalers, rose 1.4% in March and 11.2% from a year ago, both records for data going back to 2010.

Prices for final demand goods led with a 2.3% monthly rise, while services prices gained 0.9%.

Wednesday’s release comes the day after the BLS reported the consumer price index for March surged 8.5% over the past year.

Producer prices soar 11.2% from a year ago in March, hit new all-time high

The prices that goods and services producers receive rose in March at the fastest pace since records have been kept, the Bureau of Labor Statistics reported Wednesday.

The producer price index, which measures the prices paid by wholesalers, increased 11.2% from a year ago, the most in a data series going back to November 2010. On a monthly basis, the gauge climbed 1.4%, above the 1.1% Dow Jones estimate and also a record.

Stripping out food, energy and trade services, so-called core PPI rose 0.9% on a monthly basis, nearly double the 0.5% estimate and the biggest monthly gain since January 2021. Core PPI increased 7% on a year-over-year basis.

PPI is considered a forward-looking inflation measure as it tracks prices in the pipeline for goods and services that eventually reach consumers.

Wednesday’s release comes the day after the BLS reported that the consumer price index for March surged 8.5% over the past year, above expectations and the highest reading since December 1981.

On the producer side, prices for final demand goods led with a 2.3% monthly rise, while services prices gained 0.9%, up sharply from the 0.3% February increase. Goods inflation has outstripped services during the Covid pandemic, but March’s numbers indicate that services are now catching up as consumer demand shifts.

Energy prices were the biggest gainer for the month, rising 5.7%, while food costs increased 2.4%.

EDITORS NOTE: This Geller Report column is republished with permission. All rights reserved.

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Capitalism Is Good for the Poor thumbnail

Capitalism Is Good for the Poor

By Foundation for Economic Education (FEE)

Markets Beat Back Poverty.


Critics frequently accuse markets and capitalism of making life worse for the poor. This refrain is certainly common in the halls of left-leaning academia as well as in broader intellectual circles. But like so many other criticisms of capitalism, this one ignores the very real, and very available, facts of history.

Nothing has done more to lift humanity out of poverty than the market economy. This claim is true whether we are looking at a time span of decades or of centuries. The number of people worldwide living on less than about two dollars per day today is less than half of what it was in 1990. The biggest gains in the fight against poverty have occurred in countries that have opened up their markets, such as China and India.

If we look over the longer historical period, we can see that the trends today are just the continuation of capitalism’s victories in beating back poverty. For most of human history, we lived in a world of a few haves and lots of have-nots. That slowly began to change with the advent of capitalism and the Industrial Revolution. As economic growth took off and spread throughout the population, it created our own world in the West in which there are a whole bunch of haves and a few have-more-and-betters.

For example, the percentage of American households below the poverty line who have basic appliances has grown steadily over the last few decades, with poor families in 2005 being more likely to own things like a clothes dryer, dishwasher, refrigerator, or air conditioner than the average household was in 1971. And consumer items that didn’t even exist back then, such as cell phones, were owned by half of poor households in 2005 and are owned by a substantial majority of them today.

Capitalism has also made poor people’s lives far better by reducing infant and child mortality rates, not to mention maternal death rates during childbirth, and by extending life expectancies by decades.

Consider, too, the way capitalism’s engine of growth has enabled the planet to sustain almost 7 billion people, compared to 1 billion in 1800. As Deirdre McCloskey has noted, if you multiply the gains in consumption to the average human by the gain in life expectancy worldwide by 7 (for 7 billion as compared to 1 billion people), humanity as a whole is better off by a factor of around 120. That’s not 120 percent better off, but 120 timesbetter off since 1800.

The competitive market process has also made education, art, and culture available to more and more people. Even the poorest of Americans, not to mention many of the global poor, have access through the Internet and TV to concerts, books, and works of art that were exclusively the province of the wealthy for centuries.

And in the wealthiest countries, the dynamics of capitalism have begun to change the very nature of work. Where once humans toiled for 14 hours per day at backbreaking outdoor labor, now an increasing number of us work inside in climate-controlled comfort. Our workday and workweek have shrunk thanks to the much higher value of labor that comes from working with productive capital. We spend a much smaller percentage of our lives working for pay, whether we’re rich or poor. And even with economic change, the incomes of the poor are much less variable, as they are not linked to the unpredictable changes in weather that are part and parcel of a predominantly agricultural economy long since disappeared.

Think of it this way: the fabulously wealthy kings of old had servants attending to their every need, but an impacted tooth would likely kill them. The poor in largely capitalist countries have access to a quality of medical care and a variety and quality of food that the ancient kings could only dream of.

Consider, too, that the working poor of London 100 years ago were, at best, able to split a pound of meat per week among all of their children, which were greater in number than the two or three of today. In addition, the whole family ate meat once a week on Sunday, the one day the man of the household was home for dinner. That was meat for a week.

Compare that to today, when we worry that poor Americans are too easily able to afford a meal with a quarter pound of meat in it every single day for less than an hour’s labor. Even if you think that capitalism has made poor people overweight, that’s a major accomplishment compared to the precapitalist norm of constant malnutrition and the struggle even 100 years ago for the working poor to get enough calories.

The reality is that the rich have always lived well historically, as for centuries they could commandeer human labor to attend to their every need. In a precapitalist world, the poor had no hope of upward mobility or of relief from the endless physical drudgery that barely kept them alive.

Today, the poor in capitalist countries live like kings, thanks mostly to the freeing of labor and the ability to accumulate capital that makes that labor more productive and enriches even the poorest. The falling cost of what were once luxuries and are now necessities, driven by the competitive market and its profit and loss signals, has brought labor-saving machines to the masses. When profit-seeking and innovation became acceptable behavior for the bourgeoisie, the horn of plenty brought forth its bounty, and even the poorest shared in that wealth.

Once people no longer needed permission to innovate, and once the value of new inventions was judged by the improvements they made to the lives of the masses in the form of profit and loss, the poor began to live lives of comfort and dignity.

These changes are not, as some would say, about technology. After all, the Soviets had great scientists but could not channel that knowledge into material comfort for their poor. And it’s not about natural resources, which is obvious today as resource-poor Hong Kong is among the richest countries in the world thanks to capitalism, while Venezuelan socialism has destroyed that resource-rich country.

Inventions only become innovations when the right institutions exist to make them improve the lives of the masses. That is what capitalism did and continues to do every single day. And that’s why capitalism has been so good for the poor.

Consider, finally, what happened when the Soviets decided to show the film version of The Grapes of Wrath as anticapitalist propaganda. In the novel and film, a poor American family is driven from their Depression-era home by the Dust Bowl. They get in their old car and make a horrifying journey in search of a better life in California. The Soviets had to stop showing the film after a short period because the Russian audiences were astonished that poor Americans were able to own a car.

Even anticapitalist propaganda can’t help but provide evidence that contradicts its own argument. The historical truth is clear: nothing has done more for the poor than capitalism.

AUTHOR

Steven Horwitz

Steven Horwitz is the Distinguished Professor of Free Enterprise in the Department of Economics at Ball State University, where he also is Director of the Institute for the Study of Political Economy. He is the author of Austrian Economics: An Introduction.

EDITORS NOTE: This FEE column is republished with permission. ©All rights reserved.

Disney Stock Plummets -30%: Boycott Child Grooming thumbnail

Disney Stock Plummets -30%: Boycott Child Grooming

By The Geller Report

Dump your stock. Take the kids to Dollywood. Unsubscribe to Disney plus. These cretins are sexually grooming your kids. Protect the children. Do not support sexualizing children.

Or down over the past 6 months pic.twitter.com/Cyh5q3RgL1

— John Wick (@JohnbabaykaWick) April 12, 2022

NEW: Disney corporate president Karey Burke, the “mother of two queer children,” says the company has been “targeting Gen Z and millennials” with LGBTQIA+ “inclusion” content. Her son told her that “Gen Z is 30-40% queerer” and that Disney “better get with it.” pic.twitter.com/CYYD7NqKZg

— Christopher F. Rufo ⚔️ (@realchrisrufo) April 7, 2022

In recent weeks, Disney has been emerging as an increasingly vocal activist for the LGBTQ+ agenda.

Disney’s CEO Bob Chapek has argued that Disney is simply seeking more diversity because it is good for business.

In that light, Chapek apologized to the LGBTQ+ community “for not being the ally you needed me to be,” and pledged to be a better ally, in a new video that journalist Christopher Rufo tweeted.

Chapek said that he is working with the “LGBTQIA+ Advisory Council” to discern different suggestions about how to take action to help the LGBTQ+ community.

He added that “words are not enough so we are taking some actions now.”

“I want you to know that your words have made a real impact on me,” he said. “I understand that we have made mistakes, and the pain that those mistakes have caused.”

“I and the leadership team are determined to use this moment as a catalyst for meaningful and lasting change,” Chapek added.

Disney has continued to insist that there is a growing queerness in our culture that now must be catered to in entertainment.

Karey Burke, head of entertainment, said that her son had told her: “Gen-Z is 30-40 percent queerer than the other generations Mom, so Disney better get with it,” the Daily Mail reported.

NEW: Disney corporate president Karey Burke, the “mother of two queer children,” says the company has been “targeting Gen Z and millennials” with LGBTQIA+ “inclusion” content. Her son told her that “Gen Z is 30-40% queerer” and that Disney “better get with it.” pic.twitter.com/CYYD7NqKZg

— Christopher F. Rufo ⚔️ (@realchrisrufo) April 7, 2022

Disney keeps pushing the envelope beyond just verbal support of the LGBTQ+ agenda, though, as Chapek said they would.

The entertainment giant also announced to its employees that they have a new benefits program that will allow employees and their families to access gender reassignment surgeries or hormone usage, the Post Millennial reported.

“The other big area is gender identity and expression. So doing all of this work to ensure that our employees and cast can express their gender here authentically and proudly at the company. So, you know, coming up with guides on how to change your photo information about pronouns, working with our benefits team to give information about gender affirmation procedures, both for our employees who are transitioning and trans, but also our employees who have kids who are transitioning,” a man explained in a video of a Disney internal meeting, that journalist Christopher Rufo then tweeted.

NEW: Disney has adopted a benefits program to assist employees and their minor children with “gender affirmation procedures.” This type of treatment typically includes puberty blockers, breast removal, and genital surgeries for “kids who are transitioning.” pic.twitter.com/a2zSSboe0S

— Christopher F. Rufo ⚔️ (@realchrisrufo) April 7, 2022

Disney’s strong stance has come particularly to light after Florida passed the Parental Rights in Education bill (which critics inaccurately call the “Don’t Say Gay” bill). The bill prohibits Florida teachers from teaching about sexual orientation to children in kindergarten through third grade.

Disney blatantly declared that they opposed this bill and would try to overturn it, CNBC News reported.

Since then, Disney has grown bolder in its stance of allying with the LGBTQ+ community and more evidence has been published about just how the corporation is planning to do that.

Either through catering to LGBTQ+ employees, or featuring more trans and gay characters in its content, Disney is acting on its promise.

For instance, Disney, alongside three other media corporations, announced that it will air a new public service announcement from GLAAD that will feature a transgender teen and will call for nationwide support for LGBTQ+ youth, CNBC News reported.

Chapek was serious when he announced that Disney would be taking more action.

“By now, I hope you have all read my most recent note in which I pledged to be a better ally for the LGBTQ+ community; apologized for not being the ally you needed me to be; and committed to ensuring that our company lives up to its values,” Chapek said in the video. “I meant every word.”

This article appeared originally on The Western Journal.

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EDITORS NOTE: This Geller Report column is republished with permission. All rights reserved.

New Study Reveals Florida And Republican-Led States Dominate COVID-19 Best Responses; Democrat-Led States Rank Among Worst thumbnail

New Study Reveals Florida And Republican-Led States Dominate COVID-19 Best Responses; Democrat-Led States Rank Among Worst

By The Geller Report

More crucial news that will be suppressed, censored and lied about by the criminal media.

In NYC, the large majority are still wearing masks outside. The once coolest city in the world is now the saddest. Pathetic.

New Study Reveals Florida And GOP-Led States Dominate COVID-19 Best Responses; Democrat-Led States Rank Among Worst

By Dillon Burroughs • Daily Wire • Apr 11, 2022

A new report that ranks each state’s response to the COVID-19 pandemic has revealed GOP-led states, including Florida, among the top performers, with Democrat-led states dominating the bottom of the list.

The Committee To Unleash Prosperity (CUP) has released the most comprehensive analysis to date on how states handled the COVID-19 crisis. These results have also been published by the National Bureau of Economic Research.

“The Report Card on the States measures and compares state performance on three metrics: the economy, education, and mortality from the virus. It answers the question: how did states do in balancing the health of their citizens, allowing their economies to remain operational and keeping job losses low, and keeping their schools open so that school-aged children did not suffer long term educational setbacks,” the committee said in a statement provided to The Daily Wire.

“Each of these three metrics were equally weighted. The states that received an F grade were New Jersey, New York, California, Illinois and Washington, D.C. These states performed poorly on every measure. They had high age-adjusted death rates; they had high unemployment and significant GDP losses, and they kept their schools shutdown much longer than almost all other states,” it added. “The top performers were Utah, Nebraska, and Vermont with Montana and Florida right behind.”

A total of 18 states received a grade of A or B. Of the top-ranking 18 states, 16 are led by Republican governors. No Democrat-led states appeared in the top five.

The “biggest mistake” observed in the study was the long-term closing of businesses and schools.

“Shutting down their economies and schools was by far the biggest mistake governors and state officials made during Covid, particularly in blue states,” said CUP Co-Founder Stephen Moore. “We hope the results of this study will persuade governors not to close schools and businesses the next time we have a new virus variant.”

States with locked down economies averaged about two points higher in unemployment than states that did not engage in more severe lockdowns, according to the study.

Despite the emphasis on Florida’s openness versus California’s restrictions, the study showed that the adjusted death rates in the two states from COVID-19 were nearly the same.

The study also offered an important insight regarding states’ rights from the study, noting “one of the wisest policy decisions was to ultimately let the 50 states and their governors and legislators make their own pandemic response policies. Federalism worked.”

A concerning takeaway from the study regarded the relationship between unemployment and social problems. For example, for each one percentage point increase in the unemployment rate, there were 920 more suicides and 650 more homicides. Increases in mental health concerns, domestic violence, and homelessness were also associated with increased unemployment rates.

The full report is available online from the CUP.

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved.

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Inflation Under Biden Reaches Staggering New Heights thumbnail

Inflation Under Biden Reaches Staggering New Heights

By The Daily Caller

  • The federal government’s latest inflation indicator showed that consumer prices skyrocketed 8.5% in March, the quickest uptick in four decades.
  • “We’re seeing strong inflation momentum across the board, both for goods and services,” Blerina Uruci, a U.S. economist at T. Rowe Price Group, told The Wall Street Journal.
  • “This is a direct result of Biden’s Federal Reserve being too preoccupied with ‘diversity,’ ‘equity,’ and ‘climate change’ while ignoring all the warning signs on inflation for more than a year,” said E.J. Antoni, a research fellow at The Heritage Foundation’s Center for Data Analysis.

A key consumer price metric used by the government to measure inflation soared 8.5% over the last 12 months — the fastest pace of inflation since December 1981 — the Department of Labor (DOL) announced Tuesday.

The Consumer Price Index (CPI) increased 1.2% between February and March, the fastest month-over-month figure since 2005, according to the Labor Department report released Tuesday morning. Economists surveyed by the Dow Jones projected that CPI would increase 1.1% last month and 8.4% over the 12-month period ending in March, CNBC reported.

“We’re seeing strong inflation momentum across the board, both for goods and services,” Blerina Uruci, a U.S. economist at T. Rowe Price Group, told The Wall Street Journal.

The White House warned Monday that the CPI figures would be “extraordinarily elevated” ahead of the report, but blamed Russian President Vladimir Putin. Gasoline prices hit record highs in March after Russia’s invasion of Ukraine which disrupted global energy markets dominated by Russian supplies.

“Because of the actions we’ve taken to address Putin — the Putin price hike, we are in a better place than we were last month,” White House press secretary Jen Psaki told reporters at a press briefing. “But we expect March CPI headline inflation to be extraordinarily elevated due to Putin’s price hike.”

“We expect a large difference between core and headline inflation, reflecting the global disruptions in energy and food markets,” she added.

Prices at an Exxon gas station in Washington, D.C. are pictured in March. (Win McNamee/Getty Images)

But core CPI, which measures prices of all goods excluding the historically-volatile energy and food categories, still rose 6.5% between April 2021 and March, the DOL said. While lower than the headline figure, the core inflation number reported Tuesday still represented its largest jump since August 1982.

Inflation has surged over the past several months: CPI surpassed the Federal Reserve’s 2% benchmark in May 2021 and has since precipitously climbed higher, according to federal data. Inflation increased a whopping 7.5% and 7.9% in January and February respectively, before Putin ever ordered troops to assault Ukraine.

Prices for new and used vehicles, rent, medical care, commodities and transportation costs like airline fares have all skyrocketed over the past year, the Tuesday report showed.

“As expected, inflation soared in March,” Joel Naroff, the chief economist of the Pennsylvania-based economic consulting firm Naroff Economics, told the Daily Caller News Foundation. “But it wasn’t just energy, which continued to spike as a consequence of Russia’s invasion of Ukraine. Food, clothing, medical care and transportation were all up sharply as well.”

While recent jobs reports have shown strong growth, Americans are more concerned about inflation when it comes to the economy, according to a CBS News poll released Monday. Just 31% of those surveyed said they approved of President Joe Biden’s handling of inflation.

Small business owners listed inflation as the biggest issue facing them, a survey released Tuesday by the National Federation of Independent Business showed.

The dotted line is Putin’s invasion of Ukraine.

Oh, wait, it’s not.

It’s Biden’s inauguration. pic.twitter.com/4JYsxGBqDd

— Brad Polumbo 🇺🇸⚽️ 🏳️‍🌈 (@brad_polumbo) April 11, 2022

Critics, meanwhile, have accused the Federal Reserve of failing to properly act as prices have shot up across sectors over the last 12 months. Fed officials have turned their focus too much toward social justice issues instead of monetary policy, a recent Independent Institute report concluded.

“This is a direct result of Biden’s Federal Reserve being too preoccupied with ‘diversity,’ ‘equity,’ and ‘climate change’ while ignoring all the warning signs on inflation for more than a year,” E.J. Antoni, a research fellow at The Heritage Foundation’s Center for Data Analysis, told the DCNF. “The Fed is laughably behind the curve and people are demonstrably poorer because of it.”

Prior to the report Tuesday, Antoni predicted the 12-month figure to reach 8.3% and the month-over-month number to surpass 1.0%. He added that, under his projections, real wages would be down over 4.0% since Biden took office in January 2021.

Republicans on the Senate Banking Committee have repeatedly slammed the Federal Reserve for its persistent push to address climate change in recent months. The lawmakers said the Fed is increasingly focusing on areas outside of its congressional mandate.

AUTHOR

THOMAS CATENACCI

Energy and environment reporter. Follow Thomas on Twitter

RELATED TWEET:

White House wants to blame inflation on the Russia-Ukraine war in Eastern Europe but the US itself went to war in Iraq and Afghanistan and more and we didn’t see inflation like this from it

— Jack Posobiec 🇺🇸 (@JackPosobiec) April 12, 2022

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EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved. Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.

The Inherent Contradictions of Socialism thumbnail

The Inherent Contradictions of Socialism

By Neland Nobel

Forecasting the economy is always difficult, but the number of external and internal variables associated with this business cycle is unusually complex. Forces of recovery from lockdown and gigantic fiscal and monetary stimulation are colliding with record-high debt, overvaluation in many markets, and severe inflationary pressures that must be dealt with. If that is not enough, now we get to mix in war and a serious oil and food price shock.

The odds of recession seem to be growing. We will be very lucky if we can avoid one.

Among the difficulties are the government’s astounding mistakes concerning the Covid policy. While some latitude must be given to the novel nature of the Coronavirus, the government went overboard and basically shut down production with its “stay at home orders” and other restrictions, while at the same time bulling up demand by running huge deficits and handing out money to the public. That decrease in supply and increase in demand is partially responsible for record-high deficits and price inflation.

Apparently, our leaders thought something as complex as the international economy could be turned on and off like a light switch. It obviously has proved to be much more complex than that.

There has never been a response to a pandemic before like this in American history. Rather than taking their playbook from previous experiences in America such as the Spanish flu or polio, government agencies seemed more favorable to the Communist Chinese model. Subsequent studies by Johns Hopkins showed that economic disruption bought by “lockdown” policies did very little in terms of improved health outcomes.

Another government agency, the Federal Reserve Board which feigns independence, deliberately advertised its desire to increase inflation, kept interest rates too low for too long, and kept injecting reserves into the banking system through continual “quantitative easing.” Never in centuries of financial history have interest rates been kept so low, for so long.

This combination of excessive monetary and fiscal policy created massive inflation first in asset prices. It has pushed stocks, bonds, and real estate into record territory. There is significant evidence that the Federal Reserve deliberately set about to elevate asset prices, claiming that a “wealth effect” would prove positive for the economy.

But the wealth effect largely benefited the ultra-wealthy that owned assets and makes large donations to political parties. For working people, homes are now too expensive for many to purchase, and even rent for apartments in most major cities now exceeds the normal rule of thumb of not exceeding one-third of income. Housing costs are squeezing the middle class.

Equity prices too have become quite elevated. The Cyclically Adjusted Price to Earnings ratio (the so-called CAPE ratio) is just one measure among many that indicates high equity prices. The average CAPE ratio for example over the past 10 years is about 17, while the market at the most recent peak was above 37. This would require a drop of more than 50% just to return to the mean average. And during bear markets, there is always a tendency to overshoot to the downside.

Markets that have been elevated by ultra-loose monetary and fiscal policy, tend to weaken and create a “reverse wealth effect” when they decline. While timing such moves is extremely difficult, it would seem reasonable that markets that have been stimulated to high levels by cheap money run the risk of retreating when then cheap money policies are reversed. 

With Republicans likely to take the mid-term elections, fiscal policy will hopefully become saner, and Federal spending decline. And the Federal Reserve has vowed to fight the inflation they helped set loose on the country by raising interest rates. So, it would seem easy money policies will be reversed, at least for a while.

Higher rates mean lower bond prices and we are just completing the worst quarter on record for the bond market. Bonds are already in a bear market and even with this decline, bonds have a yield well below the rate of price inflation.

Equity markets have held up better. True, some smaller cap indices and foreign markets have fallen more than 20%, but the large-cap indices have not, and hence have had a “correction”, but nothing yet too traumatizing.

Thrown into this mix we must add very high energy costs. It is just not their nominal level; it is the record speed prices rose to these levels. This is taking money away from other purchases. Compounding that problem is the Biden Administration has openly declared war on American energy producers, all the while begging for more oil from dictators and enemies in Venezuela and Iran.

While Putin built up for months his army on the border of Ukraine, the West seemed quite surprised when the invasion took place. Europe seemed astounded to learn their “green” policies left them hostage to a thug like Putin.

But along came another surprise. Both Ukraine and Russia produce a lot of food, especially grain, and the invasion clearly will disrupt both trade in food and the normal planting season.

The spike in energy hits food producers outside of the conflict area. American farmers are reporting difficulties with record-high fertilizer costs, energy costs, and equipment shortages due to continued supply chain and labor issues. This will be equally true of farmers in Argentina, Brazil, Canada, and Australia.

Food prices will put added pressure on hard-pressed consumers and likely will create social and political turmoil in poorer regions of the world. Once again, it is not just the high prices, it is the speed that prices got to this level. Such rapid moves tend to shock the consumer and hence the economy since consumer spending is 70% of GDP. Such rapid increases in food and fuel are beyond the capacity of most individuals or corporations to adapt.

While economies do have a cyclical nature (that is why it is called the business cycle), this particular cycle seems to have an abnormal amount of government interference written into it.

Just in the last two years, it was the government that shut down the economy, touched off inflation, held interest rates too low for too long, paid people not to work, and disrupted the labor markets.

It is the government that goes to war and it is government policy that is restricting the supply of energy due to their policy of a Green New Deal.

Record high housing costs, high fuel costs, high food costs, and overall inflation coupled with supply chain problems. All brought to you by your government!

All of these factors come together at a time when markets are abnormally elevated in price, and both government and private sectors are carrying huge amounts of debt.

Perhaps the Federal Reserve can raise rates high enough to kill off inflation, without harming the economy too much. This is the much-desired “soft landing.”

But that was argued before in the last two cycles (2000-2002) and (2007-2009) and the goal remained elusive. Particularly the last recession had the dangerous effect of creating a housing crisis, which in turn created a banking crisis, which lead to record bailouts of financial institutions and unprecedented monetary policy which remained in place far past the emergency period.

One of the most reliable indicators of recession has been the “inversion of the yield curve.”  Normally, the longer you contract for money, the higher the interest rate. That only makes sense, since over time more bad things can happen such as default and inflation. Higher risk should create a higher interest rate.  That would be a normal shape for the yield curve, i.e., longer rates are higher than shorter rates.  But when short-term paper carries an interest rate higher than long-term paper, you have a major distortion in the credit markets.

In the chart above, when inversion occurs, the chart goes to zero or below.  Notice inversions lead by a year or so, the onset of a recession, the gray vertical bar. The chart is interactive so you can peruse the last 40 years of history.

Very recently, the yield on short paper, the two-year Treasury bond, is about the same as it is on 10-year bonds.  If short rates move above longer rates, this is the inversion of the yield curve.  Such inversions have had an almost flawless record of preceding recessions.

There are some other indicators as well we can briefly touch on.  The rate of change of money supply growth is starting to fall, consumer sentiment looks wobbly, real incomes have been falling for seven months, and Biden plans a massive tax increase. All these are negatives for the economy.

The probabilities grow not just for a slowdown, but a slow down with persistent price inflation.  This is the dreaded “stagflation” of the miserable years of Jimmy Carter.

If indeed we do nose into recession, we hope citizens will remember all the governmental factors involved in this particular business cycle. This one the Left can’t blame on the “inherent contradictions” of capitalism.

Almost all of the factors mentioned stem from the failure of government policy or are the consequence of government manipulation and intervention which distorted values, debt levels, and market forces.

No, this recession will be caused by the inherent contradictions of socialist intervention.

Rep. Debbie Lesko Reveals GOP Plan to Lower Gas Prices thumbnail

Rep. Debbie Lesko Reveals GOP Plan to Lower Gas Prices

By Douglas Blair

As gas and other energy prices continue to soar, Americans are desperate for relief. The question is, what does Congress plan to do about it?

Rep. Debbie Lesko, a member of the House Energy and Commerce Committee, has some answers on today’s edition of “The Daily Signal Podcast.”

Lesko, R-Ariz., pledges that if the GOP regains the majority in Congress, lawmakers will act swiftly to reduce gas prices and increase America’s energy independence.

“Republicans will introduce legislation to codify into law some of the rules and regulations that the Trump administration put forward … to reduce the time for permitting of new production facilities, reduce the time of permitting for new pipelines, and help Americans increase U.S. oil and gas production,” Lesko says.

“When Republicans come into control, we want to put America first,” she says.

Lesko discusses the Biden administration’s failure to manage gas prices, and what congressional Republicans see as the solutions.

We also cover these stories:

  • President Joe Biden extends a freeze on repaying federal student loans until Aug. 31.
  • The U.S. and over 30 allied nations impose a new round of sanctions on Russia in response to its invasion of Ukraine.
  • Oklahoma is set to institute an almost total ban on abortion.

Listen to the podcast below or read the lightly edited transcript.

Doug Blair: My guest today is Congresswoman Debbie Lesko, who represents Arizona’s 8th Congressional District and is a member of the House Committee on Energy and Commerce. Congresswoman, welcome to the show.

Rep. Debbie Lesko: Thank you for having me.

Blair: Now, we recently had a meeting from the House Committee on Energy and Commerce titled “Gouged at the Gas Station: Big Oil and America’s Pain at the Pump.” This was a meeting that was called by Democratic representatives and is seemingly placing all of the blame for the current gas crisis and energy crisis on big business and big oil. Is that an accurate representation of where these price hikes that we’re seeing are coming from?

Lesko: Well, it’s very clear to me that [President Joe] Biden and the Democrat policies are to blame for the high gas prices. I mean, just look at this chart and it shows that as soon as Biden and the Democrats took one-party Democrat control, the gas prices started soaring, and it wasn’t until later on that the war actually broke out.

So I know that Biden and the Democrats know that this is a No. 1 polling issue throughout the nation and so they want to deflect blame. They want to deflect blame onto the oil and gas industries. They have a constant war against oil and gas industries. And this hearing today is just another reflection of their war against U.S.-produced oil and gas.

Blair: As a representative in Congress, are you seeing that the Biden administration is trying to use Congress to get this solution solved or are they ignoring you entirely?

Lesko: No, the Democrats ignore us entirely. I mean, they have one-party control. They have since January of 2021. They have control of the House, control of the Senate, control of the presidency, and they’re basically doing whatever the heck they want, whether it’s on their open-border policies or now their war against American-made energy.

It shows and people are starting to wake up. They have woken up. They’re not buying Biden in the Democrats pointing blame to the oil and gas industry or pointing blame [at] the chicken farmers for a while for the high price of chicken, if I remember right.

I mean, they just want to deflect blame from them and come up with anything. It’s like throwing spaghetti at the wall. They’re like, “OK, let’s blame this group, let’s blame this group, so that maybe one of these will stick and the American people will actually buy it.”

Well, I don’t think the American people are buying it. And that’s why it’s always fun for me to see at the gas pumps in Arizona those little stickers like this one, it’s like, “I did that.” And they keep popping up and I think the gas stations take them down because you can see all the little sticker marks, but then people keep putting them up. I don’t know where all these stickers come from but it’s great fun to watch.

Blair: So in that vein, do you see the American people may be responding to this claim that it’s big oil or it’s big business that is causing these gas prices? Do you think that they’re responding with, “That’s just not true”?

Lesko: Well, I think it’s up to us commonsense Republicans to point out that it’s not true. And I think that’s why I had this chart, because at first, President Biden and the Democrats were blaming it totally on the war in Ukraine.

Now, that does have some price pressures to go up because after all, prices are based on supply and demand. And when we ban the imports of Russian oil into the United States, that will decrease the supply of oil and thus the prices will go up.

I find it very sad and embarrassing, quite frankly, that Biden reached out to the Saudi Arabian prince and [is] begging them basically to produce more oil and the prince wouldn’t even take his call.

And then he goes in March, and they go to talk to the Venezuelan president, which, this guy has all kinds of atrocities that he does against his people. And so now they’re apparently in some negotiations to say, “OK, we’re going to relieve you from some of the sanctions we placed on you, Venezuela, and in exchange for you producing more oil.”

So far OPEC has said no to President Biden and said, “We’re sticking with our contract that we made with Russia, and we’re only going to produce X amount of oil and gas.” And basically said, “We don’t care what you think, Biden.”

It’s really a sad state of affairs and shows the American people how quickly policies can change. Under the Trump administration, we were really energy-independent here in the United States and he promoted America first. Let’s produce more American gas and oil. Let’s free up the regulatory burden that we’re placing on U.S. companies so they can compete fairly with the world market.

And the Biden administration, as soon as he took office, did the exact opposite. He says one thing—it really frustrates me. At the State of the Union address, President Biden says, “Let’s buy American.” But he does the opposite.

In fact, their administration has an all-out war against oil and gas. And it’s not just that he stopped leasing of federal lands for new oil and gas production, but it’s the financial pressures he’s putting on businesses that want to produce new oil and gas with all of these restrictions.

Even the [Securities and Exchange Commission] has now more burdensome restrictions on all companies reporting their emissions and their supplier’s emissions and their supplier’s emissions. It’s so much burdensome regulatory that the financial markets and the capital people are like, “Wow, we don’t want to lend new oil and gas production, capital money, because the Biden administration is so against it.”

And so it’s from all angles that the Biden administration is trying to hurt oil and gas. And Biden’s answer is so out of step with the American public, saying, “Buy an electric car.”

I mean, first of all, an electric vehicle costs quite a bit of money. Now, I think electric vehicles are becoming more and more popular, but let’s face it, electric vehicles need a lot of critical minerals that are not made or mined in the United States because the Biden administration has closed down mining permits in the United States.

So now we’re going to have to be more reliant on China for the processing of lithium. China processes most of the lithium that we use in the United States for our lithium battery backups, for utility-scale solar, and for electric vehicles.

In Arizona, the Biden administration shut down a copper mine that the Trump administration had greenlighted. And that copper mine can produce 25% of all of the demand in the U.S.

So like I said, Biden says one thing, he does another thing. And I hope the American people don’t buy it.

Blair: There does seem to be this recurring pattern of failure of the Biden administration to deal with these issues. Now, we talked a little bit about how Republicans will need to be the commonsense people in the room to make sure that these gas prices go down. If Republicans are to gain back power, and if they are able to regain a majority in the House, what is the plan to give relief to Americans struggling from these gas prices right now?

Lesko: Well, we’re going to incentivize that there is U.S. production of oil and gas and that we again become energy-independent. We’re going to reduce the regulatory burden on producing new oil and gas. We’re going to reduce the permitting time it takes for new pipelines.

I mean, that’s another thing that Biden and the Democrats are against. They’re against pipelines. This is ridiculous. Of course Biden shut down the XL Keystone pipeline on Day One, I think, that he was the president. And so this even affects what the Democrats like, their renewable clean energy.

Let’s say it’s green hydrogen. How are you going to transport the new, clean green hydrogen to the places where it’s needed because they’re against the pipelines for transporting hydrogen? It makes no sense at all, their policies, and that’s what’s causing prices to go up.

Blair: We’ve heard that the president has been very open about his desire to use the sort of weight of the federal government to push for climate-friendly/climate change initiatives, including those pipelines that you mentioned, and a lot of these other natural gases and natural resources in America. Do Republicans in Congress have any plans on how to push back against this type of legislation that makes us less energy-independent?

Lesko: Well, Republicans are going to introduce legislation when and if we are back in the Republican majority. And so I think that we will put more leverage on the Biden administration, especially if both the House and the Senate go back to Republican majority. And then Biden will have to decide if he’s going to veto our bills or not.

I certainly hope we get back to a Republican majority because Republicans want America to be first. We do not want to rely on Russian oil. We do not want to rely on Venezuelan oil. We do not want to rely on Iranian oil. We want to be energy-independent.

Recently I was at a meeting and former Secretary [of State Mike] Pompeo spoke. And he talked about how just about every meeting he met with foreign countries, he negotiated using U.S. energy as a tool because other countries want U.S. energy. They need energy. And if we have enough to provide to them, that is an advantage for our economy, for our national security. But obviously, if we are now reliant on Russia for oil or Venezuela for oil, that puts us at a terrible national security risk.

Blair: We are seeing that there are massive differences between the Trump-based energy policies and the Biden-based energy policies. Where would you say that those differences are the most pronounced?

Lesko: The Biden administration has a war against oil and gas made in America. The Trump administration wanted more oil and gas to be produced in America because we want more Americans to have great jobs. We want to be energy-independent. We want to have the political power that comes along with that for national security, that we don’t have to rely on hostile adversaries for our oil and gas and energy needs.

Blair: Is there any particular Trump-era policies that you think would be particularly effective at dealing with this energy crisis right now? And does Congress have any plans, if the Republican majority is to come back, to reinstitute that legislatively?

Lesko: The Trump administration did a lot of great policies by reducing regulations on American businesses to produce oil and gas and other American businesses.

So I believe Republicans will introduce legislation to codify into law some of the rules and regulations that the Trump administration put forward when he was in office in order to reduce the time for permitting of new production facilities, reduce the time of permitting for new pipelines, and help Americans increase U.S. oil and gas production, U.S. energy production, and quite frankly, all things.

As I said, in Arizona, the Biden administration shut down a mine that could produce 25% of all of the copper consumed in the United States. Now, why they would do that is just beyond me.

Blair: Now, you did mention Arizona, and obviously, as a Western state, natural resources are something that you would rely on. How has the energy crisis impacted the citizens of Arizona?

Lesko: Wow. Arizona, and especially the Phoenix Metropolitan Area, are ranked the No. 1 inflation in the entire country. Ours is at 10.9% inflation rate, so almost 11% in the Phoenix Metropolitan Area. This has a huge impact on everyday Americans.

Our gasoline prices, I think today we’re averaging $4.65 a gallon. That is higher than the national average. This affects the pocketbooks of everyone. I don’t care who you are. It affects your pocketbook and so you have less money to spend on other things.

And quite frankly, Biden and his administration and the Democrat policies have really tanked just about everything that’s going on in the United States. I mean, my husband went to the grocery store last week. He couldn’t find spaghetti on the shelves.

So first of all, the prices are higher for groceries, meat, for gasoline, for electricity prices, because we need air conditioners in Arizona in the summer months. And all of those prices have gone up.

And I have a huge constituency of senior citizens that live on fixed incomes. I have about 70,000 senior citizens that live in my district, at least 70,000, and these folks are limited on how much they can spend. And when their utility prices go up, when their gasoline prices go up, when their medicine prices go up, their health care costs go up, they often don’t know where to turn.

This is a serious impact. And quite frankly, politically, this is going to be a hard year for U.S. Sen. Mark Kelly, between the inflation that’s going on in Arizona and the border crisis that’s going on in Arizona’s border and across the nation.

Blair: As we continue to see federal mismanagement of energy and of energy policy, are we seeing that your state has done anything to maybe mitigate some of the worst consequences of these gas prices?

Lesko: Well, we have a Republican governor and a Republican-led state Legislature, both in the Arizona House and the Senate. So we’re a pretty free market-type state. And so we promote free markets, less regulations. Gov. [Doug] Ducey, the Republican that on Day One that he became governor, he reduced government regulation at the state level.

So we’re doing what we can in Arizona. But when President Biden and the Democrats who are in control go against us and go against the Arizona citizens all the time, it’s hard to overcome. Their policies are ruining America.

Blair: Now, as we begin to wrap-up, is there a conservative solution that we can pursue to lower these gas prices while still being aware of the fact that we have a hostile administration who’s going to try and prevent conservative policies from being instituted?

Lesko: Yeah. If we get back the Republican majority in the House and the Senate, we’re going to introduce legislation that will incentivize new oil and gas production in America. We’ll incentivize new other energy sources in America. And we need to get control of our spending as well.

I mean, it’s one thing to help people that are in need, and it was important when government shut down businesses during the pandemic to help make sure that the workers kept their job, but now the Democrats want to spend more. They just keep on wanting to spend money. And that is going to really adversely affect not only are national debt, the amount of interest that we are paying, but our national security as well.

And so when Republicans come in control, we want to, again, put America first. Now, it depends kind of how much majority we have, and wouldn’t it be nice if we had 60 Republicans in the Senate? That would be great. But it depends on what the outcome is and what Republican majority we have. It’s going to be tough, quite frankly, with Biden in there. He’s gone so liberal. But hopefully, if Republicans control both the House and the Senate, we’ll have a bit more leverage with him.

Blair: That does occur to me as I mentioned, it will be difficult, obviously, with President Biden in the White House, who is not particularly conducive to these types of policies that we’re proposing. What are Republicans going to do if we keep seeing veto after veto after veto of these types of bills?

Lesko: Well, I think if President Biden vetoes every single bill that Republicans put forward, assuming we get back the majority in the House and the Senate, then I think it will lead to a Republican president in 2024.

Because the American people will see that we are trying to reverse some of the bad policies that Biden and the Democrats put forward, and we have to do it. We have to put forth the legislation, whether we think that President Biden is going to veto it or not, because we have to show to the American public that we are working for them and we are working for America.

And I think it would be a mistake for President Biden to thwart us repeatedly because then it will have an impact on the presidential election and I think it will help elect a Republican president.

Blair: Excellent. That was Congresswoman Debbie Lesko, who represents Arizona’s 8th Congressional District and is a member of the House Committee on Energy and Commerce. Congresswoman, thank you so much for your time.

Lesko: Thank you.

*****

This interview was conducted by The Daily Signal and is reproduced with permission.

The Green Con Job on Energy Independence: Their Dream is Our Nightmare thumbnail

The Green Con Job on Energy Independence: Their Dream is Our Nightmare

By Neland Nobel

If there is one thing we can expect from the Green Movement is that it will do its best to mislead the public with very clever public relations. But a lie is a lie, even if cleverly told.

This has manifested itself in two ways rather recently.

First, they continue to claim that “renewables” specifically wind turbines and solar, can replace quickly the energy output of coal and natural gas. A subset of that argument is that wind and solar are less impactful to the environment than oil and gas.

Neither of these assertions is true.

We urge you to view the adjacent video by Michael Shellenberger, an environmentalist who has come to see the contradictions and errors in Green policy.

Secondly, they claim that since the Russian-Ukrainian War has left especially Europe, and the rest of the world, short of energy, the only way to get energy “independence” is to double down on their Green agenda. But it was their Green policies that made the West so vulnerable and dependent on Russian oil and gas. Having succeeded in making Europe especially vulnerable, their solution is more windmills and solar panels.

The latter position explains the nonsensical response of the Biden Administration, which has done everything possible to suppress domestic oil and gas production while at the same time putting enormous funds towards wind and solar, some $555 Billion, in his so-called Build Back Better Plan.

Obviously, expanding U.S. oil and gas production is an alternative answer, and a good one. We benefit economically from the expansion, our citizens find employment, and our extraction of hydrocarbons is more efficient and cleaner than other sources outside of the U.S.

But Biden and the Greens are opposed to that, even as a short-term expedient.

It wasn’t the choice of consumers or utilities, but the European government’s top-down policy to shut down coal, oil, and nuclear, and then put total reliance on renewables. And because renewables are so expensive and unreliable, they then had to get the energy they need from Russia.

So, dependence was not a natural development but a byproduct of mostly German policy.  France gets 70% of its electricity from nuclear power and is not nearly as vulnerable as Germany.

Given the evidence that Russian money is behind many of the environmental groups, it could be said dependence was not a byproduct of policy, but in fact the purpose of the policy.

Thus, the Green movement offers this twisted proposition: Our Green policies have made you dependent when you need not be, but the further adoption of our plans is the only road to energy independence! Heads we win, tails you lose.

The hidden losing proposition they have for us is they want to substitute energy dependence on Russia or Saudi Arabia ( because they won’t let us produce our own energy) and shift to solar, wind, and electric vehicles,  so we can be dependent on China, Congo, and Peru for rare earth metals.   This is a false choice.  At least for the US, we need not be dependent.  The Green policies make us dependent.  Not long ago, we were a net exporter of oil and gas.  Even Europe has considerable oil and gas production they could tap into. So the trade they propose, if solar and wind actually can be brought to scale, is to substitute mineral dependence for energy dependence.

Besides mineral dependence, there also is manufacturing dependence.  Overwhelmingly, solar panels and windmills are made in China.

We have just seen how Russia is squeezing Europe over energy. Why would we want to become more dependent on China for the production of energy equipment and vital minerals? That seems beyond naive and into the realm of a national security death wish.

Biden joined the European Greens by shutting down a pipeline from Israeli gas fields that would have brought gas to Europe, and felt somehow the environment would find Russian gas more wonderful that Israeli gas. This is the same sort of thing we saw domestically:  Biden shuts down U.S. production and goes begging for oil from Iran and Venezuela as if their hydrocarbons are “better” than ours for the environment.

Biden and California Democrats also have joined the European Greens by inflicting German-like policies in the United States. There is no reason why clean natural gas from Pennsylvania cannot be augmented by clean natural gas from adjacent New York. The US has lots of clean-burning gas. Expensive gas is purely a political decision by Democrats.

It is also obvious that green technology, even after years of subsidies, is not ready to take over the heavy lifting of energy production. Natural gas has to back up “renewables” because they are intermittent and storage of electricity is not yet feasible. If this transition to total renewables is even technically feasible, it is likely at least 30 to 40 years out. Yet the Green Movement insists there are no technical, environmental, or economic problems. For them, it is simply a lack of political will. With political will, they believe it can all be done NOW. That is simply impossible.

One sure sign of an environmentalist that tells you they simply are not serious about their dreams, is their opposition to nuclear power.

As Shellenberger shows, nuclear power is safe, reliable, and clean, and even with all the environmentalist’s lawsuits driving up costs, it is far cheaper. It has much less impact on the land and animals.  And very importantly, we are not dependent on the Chinese.

The Greens also have a very narrow view of oil and gas. They see it only in terms of energy. All they can think about is closing down production, and driving up the price of hydrocarbons, to make their pet projects look better by comparison.

What they fail to notice are the second-order side effects.  Two of these have become quite evident.

Greens don’t seem to understand that thousands of products from plastic, chemicals, and fertilizer are derived from oil and natural gas. Drive up the price of natural gas, and it not only makes windmills look more viable, but it also drives up the price of fertilizer, which drives up the price of food, which will kill millions in the third world.

It also heavily contributes to “cost-push” inflation, which causes interest rates to rise, and lowers the standard of living for everyone, especially the elderly on a fixed income, which in turn could induce severe economic recession and privation in both the developed world and less developed countries.

Thus, in order to make their pet projects look better in relative terms, they in essence are willing to literally starve people to death and cause millions to lose their jobs.  We are already seeing food riots in Peru and Sri Lanka, and likely food turmoil is just starting.

Inflation and recession, coupled with food shortages, are a prescription for social and political turmoil.

Such turmoil could not only destroy the standard of living for many people, but it can also create social violence and a loss of personal freedom.

Covering massive amounts of land with windmills and solar panels itself has a significant environmental impact.  And, a lot of energy is consumed to make these things.

As Shellenberger notes, we may be destroying the environment to save the climate, which fluctuates by itself anyway.

What kind of a dream is this?

Add up all the first and second-order problems with the Green agenda and you realize what a high price we will all pay for their unrealistic dreams.

Their dream is our nightmare.

German Chemical Giant Warns Of “Total Collapse” If Russian Gas Supply Cut thumbnail

German Chemical Giant Warns Of “Total Collapse” If Russian Gas Supply Cut

By Tyler Durden

CEO of Germany’s multinational BASF SE, the world’s largest chemical producer, has warned that curbing or cutting off energy imports from Russia would bring into doubt the continued existence of small and medium-sized energy companies, and further would likely spiral Germany into its most “catastrophic” economic crisis going back to the end of World War 2. 

Company CEO Martin Brudermuller issued the words in an interview with Frankfurter Allgemeine newspaper just ahead of German officials by midweek giving an “early warning” to industries and the population of possible natural gas shortages, as Russia appears ready to firmly hold to Putin’s recent declaration that “unfriendly countries” must settle energy payments in rubles, related to the Ukraine crisis and resultant Western sanctions.

According to Bloomberg he mused that while “Germany could be independent of Russia gas in four to five years” it remains that “LNG imports cannot be increased quickly enough to replace all Russian gas flows in the short term.”

But in the meantime, Brudermuller described that “It’s not enough that we all turn down the heating by 2 degrees now” given that “Russia covers 55 percent of German natural gas consumption.” He emphasized that if Russian gas disappeared overnight, “many things would collapse here” – given that “we would have high levels of unemployment, and many companies would go bankrupt. This would lead to irreversible damage.” He continued:

“To put it bluntly: This could bring the German economy into its worst crisis since the end of the Second World War and destroy our prosperity. For many small and medium-sized companies in particular, it could mean the end. We can’t risk that!”

The dire warning of coming disaster in the event Russian gas is shut off came in response being questioned over whether it’s at all possible to abandon Russian energy.

Asserting that this issue is not “black and white” – and that the German economy stands on the brink of catastrophe,the BASF CEO said that if this standoff continues to escalate it will “open the eyes of many on both sides”

*****

Continue reading this article at ZeroHedge.

Disney Corporate President Karey Burke Says Next Generation ‘Queerer, so Disney better get with it.’ thumbnail

Disney Corporate President Karey Burke Says Next Generation ‘Queerer, so Disney better get with it.’

By The Geller Report

Dump your stock. Take the kids to Dollywood. Unsubscribe to Disney plus. These cretins are sexually grooming your kids. Protect the children.

Disney corporate president says next generation ‘queerer,’ company must ‘get with it’

Disney corporate president talked about targeting younger viewers

By Timothy Nerozzi, FOX Business, April 9, 2022:

FOX Business host gives his take on the company’s reaction to the Parental Rights in Education Bill on ‘Making Money.’

Disney corporate President Karey Burke told company staff that Generation Z is “30-40% queerer” than previous generations, according to video of a company video call.

“As my son texted me this morning, Gen Z is 30-40% queerer than other generations,” Burke said on the video call, published by writer Christopher F. Rufo. “So Disney better get with it.”

“When I was at Freeform, it was very much in the brand ethos to be the tip of the spear when it comes to inclusion,” Burke explained earlier on the same call. Freeform is a cable television channel owned by the Disney corporation.

“In part, I think nobody stopped us because we were targeting Gen Z and millennials. We were targeting younger and more open-minded …,” Burke added before cutting herself off.

Burke said in another video that she would like to see at least 50% of Disney’s characters in the future identify as LGBT or as a racial minority.

The in-house videos of Disney pushing the progressive agenda come after some Disney employees walked off the job last week protesting a perceived lack of company opposition to a Florida bill that prohibits teachers from providing instruction on sexual orientation and gender identity in kindergarten through third-grade classrooms.

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved.

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