Americans are by now broadly aware of the threat posed by Chinese-owned TikTok, including its threat…
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TikTok’s Latest Assault: Ripping Off American Artists and Songwriters

Americans are by now broadly aware of the threat posed by Chinese-owned TikTok, including its threat to U.S. national security.

In recent days, we’ve witnessed in real time another emerging TikTok threat reaching the headlines:  The threat it poses to intellectual property protections, which undergird America’s status as the most artistically and musically productive and influential nation in human history.

Universal Music Group, however, has decided to stand up and fight back by removing its catalog of songs – including artists like Taylor Swift, Drake and Billie Eilish – from TikTok.

Tone-Deaf TikTok has built its aggressive worldwide empire largely on the backs of music created by American artists, as even its corporate leadership openly admits.  As TikTok’s very own…[more]

February 08, 2024 • 12:44 PM

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1 What Biden Bull Market?

President Joe Biden is boasting about the recent stock market rally. He's right that stocks have been on a tear for the last 14 months. The S&P 500 hit 5,000 for the first time in history. That's up from 500 some 30 years ago.  Even with all our problems, the United States is the unrivaled alpha male nation. The dollar is the only currency…

2 Why Keep Worrying About Debt? Speculation Versus Reality

Over the years, I've offered many explanations about why the trajectory of the national debt is deeply troubling. At this point, though, my worry isn't rooted in a dogmatic adherence to the principles of a balanced budget. Nor does it come from my desire for a smaller government. Instead, I'm alarmed by politicians' unwillingness to look at the numbers…

3 Biden Economy Slowing, Not Accelerating

“Most Homes for Sale in 2023 Were Not Affordable for a Typical U.S. Household.”   That was a Christmas Eve headline from none other than National Public Radio (NPR).   As 2023 ended, the Biden Administration’s peculiar effort to gaslight American voters into believing that economic conditions were flourishing…

4 The Tyranny of the Phillips Curve

Repeat after me, class: Growth does NOT cause inflation. Write it on the blackboard 100 times. For decades, the economics profession has been trying to tell us all just the opposite. They keep shoveling out the dumbest economic concept of all time: the Phillips Curve. This was the lame-brained "theory" by neo-Keynesian economists of the…

5 America, France, and the Free Market

It's fashionable to claim that the free-market ideas of Nobel-laureate economist Milton Friedman have failed the country, and that it's time for new policies. Campaigning in 2020, Joe Biden declared that "Milton Friedman isn't running the show anymore." More recently, New York Times columnist David Leonhardt noted that people like Friedman…

6 Dems Have Now Officially Rejected President John F. Kennedy's Legacy

There's a political cartoon going around that shows John F. Kennedy and Robert F. Kennedy sitting on a couch watching a speech by Robert F. Kennedy Jr. The two hold their palms to their heads and moan that their legacy is being twisted and ruined.  This has the situation completely backward. It isn't RFK Jr. who is rejecting the Kennedy brothers…

7 Will New York Politicians Tax Wall Street Out of Existence?

Let's face it. Anyone who works in, or just visits, the Wall Street area of Manhattan can't deny the aura of power and money isn't what it was 20, 30 or 50 years ago.  The vibrancy, the financial dominance, the gusto seems to have gone missing – so have many of the Gordon Gekko high rollers. Today, Wall Street is less crowded.…

8 Here's One Way to Demand Rational Government

In a world where economic decisions are mostly driven by short-term goals and political pressures, the need for a long-term, evidence-based approach is more pressing than at any time in memory. Enter the Copenhagen Consensus – a beacon of analytical clarity conceived by Danish intellectual Bjorn Lomborg. It aims to reshape global discourse…

9 Bidenomics 2023: Inflation Down, Prices Up

The government announced Tuesday that the Consumer Price Index rose 3.2% in October from the same time last year. That is less than the 3.7% prices rose in September, leading to a lot of commentary about "good news" on inflation. "Today we saw more progress bringing down inflation while maintaining one of the strongest job markets in…

10 Congress Can Redeem Itself by Calling for Help

There's much talk today about the need for a fiscal commission. The House Budget Committee held a hearing about it a few weeks ago. Pundits are Substacking about whether using the approach to put federal finances on a sustainable path is a good or a bad idea. And according to a recent polling, voters support the idea of a commission. Great. But that…

11 Federal Reserve: Bidenomics Disproportionately Hurting Minorities

As Joe Biden’s perplexed supporters struggle to grasp his increasingly grim reelection prospects, they should digest a new Federal Reserve report exposing how Biden’s policies have disproportionately punished a core constituency:  minority voters.   As it is, Biden possesses no margin for electoral error.  In the 2020…

12 It’s Official: Biden Just Doubled the Deficit in 2023

It’s official:  Joe Biden is the new deficit king.   When even CNN and The New York Times lead with headlines of “Federal Deficit Effectively Doubled in 2023,” it’s obvious that Biden’s 2024 reelection prospects just entered more treacherous waters.   Throughout his presidency, Biden has relished…

13 No Populists in Sight in the World of Politics

In the grand ballroom of American politics, Democrats have long waltzed to the melody of progressivism while ridiculing Republicans' preference for outdated tax-cut tunes. Ironically, they don't want to pay for their style of big government with higher taxes on ordinary Americans, which their expansionary ambitions would require. Instead, they loudly…

14 America's Top National Security Threat Is Our Runaway Debt

After spending $6 trillion on social welfare and a Green New Deal spending spree and running our national debt up to $33 trillion, President Joe Biden is asking to whip out the federal credit card yet again for $100 billion more in military assistance for Ukraine and Israel and "humanitarian" aid. Yes, it certainly is a dangerous world,…

15 The Cult of 'Forever Low' Interest Rates Had to End Sometime

Countless financial soothsayers and Wall Street wizards were once members of a curious cult. Their doctrine? The unshakable belief that interest rates had managed to find something resembling the fabled Fountain of Youth, leaving their numbers eternally low and never rising. The "Forever Low" brigade dismissed those of us who argued that…

16 Are Ordinary Americans Buying 'Bidenomics'?

As election season approaches, Democrats are touting the economic results of Biden administration policies aimed at improving the lives of working Americans and creating a more equitable economy. But ordinary Americans aren't feeling the so-called success of "Bidenomics." Superficially, the economy looks solid. As measured by real GDP, it…

17 Maybe a Temporary Government Lockdown Is Necessary. The Alternative May Be Worse.

What's worse? When politicians shut down the government, or when they lock down businesses, stores, schools, churches and restaurants – and nearly all private commerce in America? If you haven't heard, the media and congressional Democrats are near cardiac arrest over the prospect of a government shutdown later this year. They may…

18 China's Economy Is Struggling. Still Want to Emulate it?

China's economy is struggling post-COVID-19. Growth is slower than expected, demographic trends are negative, youth unemployment is high, overbuilding has created a housing crisis and government indebtedness is ballooning. These are only a few of the symptoms ailing the country, and things could get worse. Did any of the Americans who not long ago…

19 Bidenomics: Inflation Hitting Working Classes Hardest

Joe Biden regularly insists that “Bidenomics” means building an economy “from the bottom up and the middle out.”   In a cruel irony, however, it’s actually high inflation and now rising interest rates that are hitting Americans from the bottom up and the middle out.   To understand why, consider the…

20 Politicians Make a Mockery Out of 'Emergency' Spending

Remember how, mere months ago, the debt-ceiling deal struck between Democrats and Republicans to avoid a government shutdown was touted as "an historic first step toward shifting government back toward common sense and conservatism?" The hope was that the spending caps in the deal would actually constrain spending. Well, it took less than…

21 'Bidenomics' Has Been a Disaster

After 40 years of "trickle-down economics," President Joe Biden says, "Bidenomics is just another way of saying restoring the American Dream." It's not often that a politician openly pledges to bring the country back to a time of crippling inflation, high energy prices and stifling interest rates. But this president is doing his…

22 CBO: Biden’s 2023 Deficit Soars 131%

Ten months into the 2023 fiscal year, a new budget deficit report is grim enough to make Joe Biden almost welcome discussion of his role in his son Hunter’s unseemly business activities.   This week, the nonpartisan Congressional Budget Office (CBO) released its official monthly budget report, and the deficit has more than doubled…

23 After the U.S. Credit Downgrade, Let's Talk About a Radical Budgetary Change

Fitch Ratings just downgraded the U.S. government's credit rating due in part to Congress's erosion in governance. Indeed, year after year, we see the same political theater unfold: last-minute deals, deficits and, all too often, the passage of gigantic omnibus spending bills without proper scrutiny, along with repeated debt-ceiling fights and threats…

24 Should We Blame the Budget Players or the Game?

It's common knowledge among budget experts that the budget process is "broken." Anyone who regularly reads this column knows about debt limits, government shutdowns, out-of-control spending and borrowing ... the list goes on. Well, part of the problem is that almost 50 years since the last budget process reform, it needs a serious update.…

25 Supreme Court Confronts Unfair and Unconstitutional “Wealth Tax”

In his desperate effort to rebrand “Bidenomics” as some sort of positive, Joe Biden regularly whispers into the microphone that he’s a deficit slasher.   Nevermind that deficits only temporarily dipped because Covid spending expired, and that if Biden’s original “Build Back Better” had passed, spending…

26 Why We're Asking the Wrong Question About the Industrial Policy Push

Proponents of the ongoing push for national industrial policy, whether they come from the left or the right, frequently argue that we need to promote certain sectors or technologies to create a manufacturing boom. This boom, we're told, is necessary to create more high-paying jobs. But I beg to differ. Industrial policy isn't and shouldn't be primarily…

27 'Bidenomics' Is a Marketing Term

Politics is sometimes little more than marketing. As evidence, behold the sudden use of the term "Bidenomics" by Democrats to describe administration policies of the past few years. Indeed, what's being branded as "new" is nothing but the same old program of big spending, big regulations and big cronyism. The only difference is…

28 Bidenomics Is a Big Bust

Word out of the White House is that President Joe Biden wants to tout his economic successes. He's even embracing the slogan "Bidenomics" – which most people think is a term of derision and policy flops.  On the one hand, the unemployment rate is low and millions of jobs have been created over the past two years. Reality…

29 What to Make of New Projections of Big Government Savings

We have a debt-ceiling deal. It's a relief for most people. This deal avoids a default and the need for the Department of the Treasury to make hard choices over which bills to pay. It gives Republicans the sense that a step was taken toward fiscal responsibility and gives Democrats the sense that they've made an unprecedented sacrifice. Many hope their…

30 Surprise: Debt Conversation Brings More Pointless 'Tax-the-Rich' Talk

Whenever we have a national conversation about government debt, Democrats invariably respond that spending is not the reason the debt is now nearly equal to our national GDP. The real cause of our indebtedness, they inform us, is that taxes aren't high enough and the rich don't pay their fair share. From increasing the marginal tax rate to more than…

 
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Notable Quote   
 
"'The Supreme Court blocked it. They blocked it. But that didn't stop me.'Those aren't the words of some banana republic strongman like Venezuela's Nicolas Maduro or Russia's Vladimir Putin. Those are the words of President Joe Biden speaking from a library in Culver City, California, where he announced the transfer of $1.2 billion in wealth from taxpayers to a handpicked set of college graduates.…[more]
 
 
— The Editors, Washington Examiner
 
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