The Conversation Tue 05. 22. 2018.

Where In The World Was Barack Obama?
James Freeman, The Wall Street Journal

Stopping Robert Mueller To Protect Us All
Mark Penn, The Hill

Negotiating Better Trade Agreements
Stephen Moore and Steve Forbes, Washington Times

FBI Informant Stefan Halper Paid Over $1 Million By Obama Admin; Spied On Trump Aide After Election
Tyler Durden, ZeroHedge

Ex-CIA Director John Brennan Threatens Paul Ryan, Mitch McConnell For ‘Enabling’ Trump
John Nolte, Breitbart News

It Gets Tough If You Start Lecturing About Equality From A Palace
Piers Morgan, Daily Mail

How Democracies End: A Bureaucratic Whimper
Victor Davis Hanson, American Greatness

Nunes: Possibly More Than 1 FBI Informant In Trump Campaign [Watch]
Jack Davis, Western Journal

Stop Calling The GOP The Party Of Small Government
Veronique de Rugy, Reason

Europe May Be Realizing America Isn’t Their Sugar Daddy Or Punching Bag
Jazz Shaw, Hot Air

Is Seattle Doomed?
Adam Millsap, Forbes.com

Medicaid And The Democratic War On Work
David Catron, American Spectator

Richard Pipes, Historian Of Totalitarianism
Marion Smith, National Review

Ethanol Is A Never-Ending Gravy Train For Corn Farmers And Ethanol Producers. But What About The Rest Of America?
Paul Driessen, Foundation for Economic Education

Middle Schoolers In W.Va. Had To Write ‘Allah Is The One True God’ In Arabic
Kyle Becker, LifeZette

The Government Is Literally Murdering Kittens
Joe Jarvis, Daily Bell

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,