The Conversation Thu 05. 24. 2018.

When Carter Page Met Stefan Halper
The Wall Street Journal

Lying Liar James Clapper Just Lied Again About His Previous Lies About NSA Spying [Watch]
Bre Payton, The Federalist

Tinker, Tailor, Clapper, Carter, Downer, Halper, Spy
Mark Steyn, SteynOnline.com

Texas Laps California In Job And Population Growth
Chuck DeVore, Forbes.com

HOW TO DESTROY A MAJOR CITY: One Week After Passing Massive Job Tax, Seattle Democrats Consider Huge Property Tax Increase
Ben Shapiro, Daily Wire

Honest FBI Agents Step Forward: Want To Testify Against Their Deep State Masters
Jim Hoft, Gateway Pundit

NFL Adopts Policy To Fine Teams If Players And Personnel Don't Stand For National Anthem
Kathleen Joyce, Fox News

How Junk Science Sends Innocent People To Jail [Watch]
John Stossel, Rasmussen Reports

The Obamas’ Netflix Deal Proves It’s Time To Stop Paying Ex-Presidents
Jonathan S. Tobin, New York Post

Let The Farm Bill Stay Dead
Michael Tanner, National Review

Larry Elder: Kanye, The Media, And New Conservatives [Watch]
Rubin Report

Right To Try Passes House, Trump Expected To Sign
Mary Lou Lang, Washington Free Beacon

Tomi Lahren Viciously Assaulted At Brunch With Mom [Watch]
Matt, Political Insider

You Have To Work!': Judge Lays Down The Law On 30-Year-Old Who Refused To Leave Parent's House [Watch]
Jenni Fink, Independent Journal Review

Firefighter Earned $300K In Overtime By Working More Hours Than Actually Exist
Eric Boehm, Reason

Welfare By Another Name
James Rickards, Daily Reckoning

FMC Barometers

FreeMarket Central

Numbers as of last Friday close.

[Total = Federal, state & local
Source: usgovernmentspending.com]

FreeMarket Central What is Gross Output?


Why are these numbers important?

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 3.93%
    FreeMarket Central Shadow Stats: 21.5%
  • Inflation:
    FreeMarket Central April Year-to-Year: 2.46% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]

Wisdom


Free Thinkers Don't Fear Retaliation For Thoughts

"Free thinkers don't fear retaliation for your thoughts. The traditional thinkers are only using thoughts and words but they are in a mental prison. You are free. You've already won. Feel energized. Move in love not fear. Be afraid of nothing."

-- Kanye West,

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In Search Of History

The Reagan Tax Cuts Worked

Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).

 

-- Daniel J. Mitchell,