NEW from me in @TheAtlantic. The left and right are both trapped in lazy, false Social Security narratives. For the right, its blaming immigrants & the trust fund raid. For the left, its that lifting the cap painlessly brings solvency. 🧵
Immigration also slightly reduced welfare payments. Boy, it's amazing that the NY Post is promoting this paper, which is mostly pro-immigration!
https://t.co/EHZVXYXea8
Woah! This is blasphemy. Milton Friedman is correct about the following:
1. He proved that the Great Depression was due to Fed contracting money supply. Ben Bernanke conceded this on Friedman's 90th birthday!
2. He was the first (and correct) to critique the Phillips curve relationship between inflation and unemployment. Past governments had tried to exploit the relationship. But he demonstrated that doing so simply shifts expectations.
3. He was instrumental in arguing against the Bretton-Woods regime. He (correctly) predicted that the flexible exchange rate world (that we're living in now) is much more stable.
4. The EITC is simply an implementation of the negative income tax he proposed as a replacement to bureaucratic welfare.
5. He was also correct about corporate tax being a regressive tax. Decades later, virtually no economists disagree.
I could go on and on and on. Milton Friedman was one of the greatest geniuses. Saying he wasn't right says more about your understanding of economics than his.
Glad it's not my problem, but maybe it's time to reimagine school as something other than a mandatory holding tank for 5 to 18 year olds who desperately want to be somewhere else?
For anyone putting loyalty to a person above loyalty to the Constitution, Justice Gorsuch’s remarks should be required reading. His words are a reminder that our highest duty is to the rule of law and the founding principles that define America.
@nfergus “Our world is rent asunder by those same old cave-age emotions of greed, envy, lack of control, mutual hostility which have picked up in passing respectable pseudonyms like class struggle, racial conflict, struggle of the masses, trade-union disputes.”
Follow the Constitution.
Read the bills.
Stop governing by emergency.
End the forever war.
Cut taxes & spending.
Stop borrowing trillions.
No CBDC.
Protect free speech.
Repeal the Patriot Act & FISA 702.
No qualified immunity for government officials.
End civil asset forfeiture.
The US is broke.
The real debt is $175T+.
And @elonmusk is 100% correct on the numbers.
But the difficult step is the logical conclusion.
There is no fix. It's a writeoff. A national bankruptcy.
And the default will be in the form of money printing.
Some will ask “why is this guy wearing his medals like this?”
Because he can!
This is Vincent Speranza, the American paratrooper who became known as the soldier who doled out beer to his wounded comrades during the Battle of the Bulge, he passed away last yesterday at the age of 98.
Unbeknownst to him,the private’s act of kindness on December 17, 1944, became the stuff of legend in the town of Bastogne. Brasserie Lamborelle, a brewery in Bastogne, even created Airborne Beer that was served in helmet-shaped ceramic bowls to commemorate the paratrooper’s beer-carrying mission.
“After being a machine gunner at the Battle of the Bulge, earning a Purple Heart and a Bronze Star and spending two decades as a public school teacher, Airborne Beer is what I’m famous for,” Speranza told Stars and Stripes.
In subsequent years, Speranza traveled across the U.S. and Europe, recounting his wartime stories to soldiers and veterans alike — even going viral in 2016 for his rendition of “Blood on the Risers” at the Frederick Army Air Field in Oklahoma.
RIP Hero!
March 23, 1925 – August 2, 2023
80 years ago on the eve of D-Day: General Eisenhower’s Order of the Day for June 6, 1944, is distributed to the 175,000-member expeditionary force.
https://t.co/xQk0yWlgli
Why is Africa the way it is?
Why are its countries where they are?
The relationships between them
The people? The deserts?
Here are X to easily understand Africa better (politics, geography, history, demographics, climate & more)