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The Federal Reserve’s Shell Game: Inflation, Wealth Redistribution, and the Subtle Art of Misdirection fee.org/articles/the-f… via @feeonline
As Jean Baptiste Colbert (finance minister to King Louis XIV of France) put it, “The art of taxation consists in so plucking the goose as to get the most feathers with the least hissing.”
With inflation, the geese hardly hiss because they think they are simply molting and are unaware they are even being plucked.
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Jewhadi™
@JewhadiTM
Trump Derangement Syndrome Is Immune To The Coronavirus — And The Facts issuesinsights.com/2020/04/04/tru…
On Sunday, @SpeakerPelosi told CNN’s “State of the Union” that “The president’s denial at the beginning was deadly. His delay in getting equipment to where it’s needed is deadly … As the president fiddles, people are dying.”
Even as Pelosi was uttering this shameless screed, intelligence officials were putting the finishing touches on a report showing how China has concealed the extent of the coronavirus outbreak and has been underreporting how many contracted the disease and the number of deaths.
Read 18 tweets
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Jewhadi™
@JewhadiTM
FISA court orders DOJ to review flawed surveillance applications and provide names of targets washex.am/3dOZcJs
Friday's ruling came days after DOJ Inspector General Michael Horowitz released a memo showing FISA flaws were not just limited to the surveillance of Trump campaign associate Carter Page.
The OIG ‘identified apparent errors or inadequately supported facts’ in all 25 applications for which the Woods Files could be produced. Interviews with FBI personnel ‘generally have confirmed’ those deficiencies, not dispelled them.”
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Jewhadi™
@JewhadiTM
Calls Mount for @WHO Chief @DrTedros to Resign freebeacon.com/coronavirus/ca…
WHO director-general Tedros Adhanom Ghebreyesus, who goes by Dr. Tedros—though he is not a medical doctor—has repeatedly lauded China's measures to contain the virus despite mounting evidence the communist regime has been less than forthcoming with the international community.
A classified U.S. intelligence report recently concluded China lied about its internal spread and death toll.
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CSM
@usacsmret
5 Economic Myths That Just Won’t Die | Corey Iacono fee.org/articles/5-eco… via @feeonline
@feeonline This means that policies that enhance economic growth through methods such as limiting the size of government and lowering barriers to international trade are key to alleviating poverty.
@feeonline Economic growth, not transfer programs, is in fact the primary driver of poverty reduction, and this empirical truth has been proved for a long time.
Read 3 tweets
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CSM
@usacsmret
18 Facts on the US National Debt That Are Almost Too Hard to Believe | Mitchell Nemeth fee.org/articles/18-fa… via @feeonline
1. In order to pay down our national debt you would have to combine the GDP of China, Japan, and India.
2. The United States owes $68,400 per citizen.

3. The United States owes $183,000 per taxpayer.
Read 15 tweets
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CSM
@usacsmret
Why College Tuition Is so Expensive | Jon Miltimore fee.org/articles/why-c… via @feeonline
Federal loans have made tuition far more expensive. Universities get paid up front—so whether students graduate, drop out, or default on the loan doesn’t matter. Departing students are easily replaced.
Departing students are easily replaced. Confident that students have access to cheap money (which can be expensive in the long run), colleges have no incentive to control or cut back the prices of housing, tuition, fees, and meals.
Read 7 tweets
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CSM
@usacsmret
The Myth That Eating McDonald's Makes You Obese | Hans Bader fee.org/articles/the-m… via @feeonline
Potatoes are highly nutritious, yet many people harbor irrational prejudices against them. They have a lot more vitamin C, and at least as much potassium, as a banana. And a baked potato typically has only about 110 calories, similar to a banana.
Despite this fact, the Obama administration banned white potatoes from the federal WIC program in a 2009 regulation, a ban that was repealed in 2017 after policymakers realized that potatoes were a nutritious and economical food source.
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CSM
@usacsmret
The Truth about Amazon’s Tax Bill | James R. Harrigan, Antony Davies fee.org/articles/the-t… via @feeonline
The truth of the matter is not nearly as compelling. While Amazon paid no federal income tax, it did pay over a half billion dollars in payroll taxes, and over a billion dollars in local, state and international taxes.
Bernie Sanders would prefer not to talk about the billion and a half dollars in taxes Amazon did pay. That’s an uncomfortable truth.
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CSM
@usacsmret
The Federal Reserve Can't Fight Crises, but It Can Create Them | John Tamny fee.org/articles/the-f… via @feeonline
The federal bailouts meant to deter crisis fomented it. Of course they did. To understand why, readers must remember that “recessions,” or economic downturns, are often nothing more than a sign that errors committed during periods of relative calm are being fixed.
That’s why recessions, when untouched, are routinely followed by booms. Recessions are the time of correction during which the seeds of the boom are planted. Economies, like markets, gain essential strength from periods of weakness.
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