Englishman SLAMS liberals in America who constantly bash the country.
“You all literally live in heaven on earth. I would give my left leg and cut off a hand to move to America. You have no idea how lucky you are.”
In 1821, Britain returned to gold at the old parity of £3 17s 10½d per ounce. Robert Peel's Currency Act made it official, undoing the wartime suspension that had run since 1797. The pound became gold again. Prices fell for the next two decades.
The textbooks never explain what actually happened. Falling price levels did not strangle British industry. They coincided with the most explosive productive burst in human history. Between 1821 and 1850, wholesale prices in Britain dropped by roughly a third. Over that same span, cotton output multiplied, railway mileage went from zero to over 6,000, and pig iron production tripled. Deflation and the Industrial Revolution marched together through the front door, dismantling the deflationary bogeyman that every central banker uses to justify his existence.
Think about what a falling price level under a fixed gold pound actually means. Output grows faster than the money stock. Each ounce of gold, each sovereign in a Manchester workman's pocket, buys more bread, more cloth, more candles this year than last. Real wages rise without a union boss lifting a finger. The saver is rewarded. The capital that funds Stephenson's locomotives and Arkwright's successors comes from real abstention, real deferred consumption, not from a printing press manufacturing paper claims on goods that do not yet exist.
Compare that to the modern priesthood at the Bank of England, which panics if inflation dips below 2 percent and calls a stable price level a "deflationary spiral." They claim falling prices freeze spending, that consumers wait forever for cheaper goods and the economy seizes. The British consumer of 1830 apparently never got the memo. He bought the cheaper cotton shirt and bought two. Your smartphone gets cheaper every year and you keep buying them, so you already know the theory is garbage.
The Peel deflation was benign because gold disciplined the currency while entrepreneurs did the real work of making things abundant. No stimulus. No dual mandate. No wise men adjusting a dial. The gold standard did not permit them the levers, and Britain became the workshop of the world anyway. Every economist who insists you need 2 percent inflation to grow is asking you to ignore the single greatest growth episode on record.
I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all.
Thomas Sowell is 96 years old, and the man has spent seven of those decades teaching the same lesson the political class refuses to learn: there are no solutions, only trade-offs.
He started as a Marxist. Worked in the federal government in 1960, studying minimum wage policy in Puerto Rico. The data told him what the textbooks would not: when you raise the price of labor by law, you price the least-skilled workers out of a job. His government colleagues cared more about protecting the program than protecting the workers. That killed his faith in central planning faster than any theory.
Read "Knowledge and Decisions" (1980) and you get the whole architecture of his thought. Prices carry information. No planner in Washington, however credentialed, can gather what millions of buyers and sellers signal every second through their bids and refusals. Hayek made this point in his 1945 paper on the use of knowledge in society. Sowell took it and built an entire method around it, applying it to housing, education, race, crime, and the endless parade of "compassionate" schemes that reliably wreck the people they claim to rescue. Rent control empties buildings. Occupational licensing locks the poor out of trades. Sowell documented every one of these disasters with numbers, not slogans.
You want the sharpest example? Look at his work on race and economics. He showed that black Americans made faster gains in employment and income in the decades before the great expansion of the welfare state than after it. The programs sold as help became a ceiling. He said it plainly when saying it plainly cost him invitations to every respectable dinner party in the country. He never flinched. He wrote another column instead and another book, well into his nineties.
This man never mistook good intentions for good results. Go read him. You will emerge harder to fool.
People who dismiss the rise of open Communists within the Democrat party don't understand Bolshevik tactics or history
Of course, Democrats nationally will say the commies are few. Their whole game is pretending the vanguard is just a fringe.
But once in power, who calls the shots? What policies do we get?
They put the oldest, most boring white man in Democrat politics- Joe Biden- in office, with dementia, because they could pretend he was non-threatening politically and a "unifier"
What did the Biden White House do?
Intentionally, systematically throw open our border to 10+ million foreigners, an abject betrayal of this nation we may never recover from
Which is *exactly* what Chevalier of the 13th congressional district says she wants to do, again, and more
Wake up, everyone. Communism is here. It just hasn't won yet. And they plan to keep lying about it until it's too late.
Bill Maher: "For years we've been asking young people to vote. Well, now young people are voting and they are voting to abolish the police, abolish prisons, unlimited immigration... Proving, for sure, that eating Tide pods does cause brain damage."
😂
Dear socialists,
When you get a minute, and that shouldn’t be hard considering most of you don’t have jobs, pop in to South Florida and find a Cuban cafe. Make sure to tell everyone there sipping their coffee how great socialism is.
Let us know how it goes.
Thanks!
I will never forget the day that DOGE discovered that FEMA was spending $59 MILLION to house illegal aliens in luxury hotels in NYC…
…all while FEMA nearly kicked out 3,000 Americans from THEIR hotel rooms in the dead of winter in Western North Carolina after Hurricane Helene