The Conversation Sat 04. 21. 2018.

U.S. Taxed, Borrowed $4.47 Trillion Since Tax Day 2017
Andrew Moran, Economic Collapse News

Forcing Restaurants To Pay Servers More Will Cost Everyone
Billy Binion, Reason

The Top Four Reasons California Is Unsustainable
Thomas Del Beccaro, Forbes.com

Andrew Cuomo Sends Threatening Letter To Banks Against NRA, Gun Manufacturers Business
David Krayden, Daily Caller

Thomas Sowell: Debunking Systemic Racism And Having Common Decency (Pt. 2) [Watch]
Rubin Report

People Are Losing Their Minds Over Starbucks
Kyle Smith, National Review

Obama Interior Secretaries Spent More Than Ryan Zinke On Chartered Flights
Kevin Mooney, Daily Signal

Tax Freedom Day Comes Sooner In Right To Work States
Michael Morris, CNSNews

Lawmakers Drop The Hammer — Demand Criminal Investigation Of Clinton, Comey, Lynch
Tre Goins-Phillips, Independent Journal Review

President Trump And The Attorney-Client Privilege
Andrew Napolitano, Townhall

Andrew McCabe Criminal Referral Sent To U.S. Attorney
Stephen Dinan and Jeff Mordock, Washington Times

What We All Should Learn From Barbara Bush
John Podhoretz, New York Post

Comey And Brennan, Leaders Of The Coup
George Neumayr, American Spectator

Robert Mueller’s FBI Repeatedly Abused Prosecutorial Discretion
Mollie Hemingway, The Federalist

Revealed: Dream Democrat Agenda Includes Reparations
Joe Schoffstall, Washington Free Beacon

Is The GOP The Party Of Trump?
Daniel Henninger, The Wall Street Journal

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: 4.07%
    FreeMarket Central Shadow Stats: 21.7%
  • Inflation:
    FreeMarket Central March Year-to-Year: 2.21% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

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

Wisdom


Government: Rich by Force

There is all of this protesting against corporate power, but in reality, corporations have to persuade you - they could have a ton of money, but actually only government can use force.

-- John Stossel,

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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,