Friday, July 2, 2021

In the news, Thursday, June 24, 2021

 

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JUN 23      INDEX      JUN 25
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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization

Do union activists have the right to invade a business owner's private property? The Supreme Court just rejected a California regulation and answered the question with a resounding “no.”

Whether it’s yesterday’s battles over prayer in school or today’s conflicts over critical race theory, public schooling causes people to fight. It’s a struggle between values and viewpoints that ends with one group imposing its will upon others. The curriculum that is adopted or the one that is shunned inevitably creates winners and losers. 

The Biden administration recently took the first step to double tariffs on Canadian lumber from roughly nine to 18 percent. In doing so, the administration is falling for an age-old economic fallacy. ... Tariffs are not only harmful to individual consumers, but the economy as a whole. As Hazlitt points out, “Higher prices in one area mean that they will not be able to spend that money on something else, thus hurting other industries as well.”

When politicians from both parties start getting together in Washington and actually agreeing on legislation, you should hold on to your wallet and watch out. Usually, it means they’re about to spend more of your money, or, in this case, mess up the services you rely on every day. The latest legislative crusade gaining traction in Congress among Democrats and Republicans alike is a series of antitrust bills targeting ever-reviled “Big Tech” companies such as Google and Amazon. The bills were up before the House Judiciary Committee yesterday for debate and mark-up.  Rep. Pramila Jayapal, a Democrat from Washington state, and Rep. Lance Gooden, a Republican from Texas, have introduced the so-called “Ending Platform Monopolies Act.” According to CNBC, this law would make it illegal for large digital platforms to “own or operate a business that presents a clear conflict of interest,” with a conflict of interest defined as “anything that incentivizes a business to favor its own services over those of a competitor or disadvantage potential competitors that use the platform.”

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from Mises Institute
RIGHT-CENTER BIAS, MIXED


The Feds Collect Most of the Taxes in America—So They Have Most of the Power
In 2021, it's clear Americans now have thrown off any notions of subsidiarity and instead embraced the idea that the federal government should be called upon to fund pretty much anything and everything. From "stimulus checks" to "paycheck protection," it's assumed an entire national workforce can be propped up by federal spending. Moreover, in the wake of 2020's covid recession, every pressure group, from local governments to weapons manufacturers, looks to the federal government to offer ever larger amounts of federal spending, ladled out from the federal pot of more than $6 trillion of annual spending. Need some "infrastructure"? The federal government will pay for it. Need a bailout? You know where to go. And how is all this spending possible? Naturally, it can only happen when governments tax or borrow. And the federal government does a lot of that. Moreover, the federal government can borrow in increasingly stunning amounts thanks to the monetization of debt going on at the central bank. 

THE FED IS TRYING TO GASLIGHT THE WORLD—IT WON’T WORK

The goal of public comments from Federal Reserve officials is to convince the public that there is nothing to fear. The experts have things covered. Inflation is temporary. Growth is coming. All is well—no matter the economic struggles you yourself may be feeling.

Why Producer Prices (Like Lumber Prices) Are Rising Faster Than the CPI
Why have prices of building materials soared while consumer prices are relatively stable? This is easier to understand once we reject the myth of monetary neutrality and see how price inflation enters the market in different ways.

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from The Seattle Times
LEFT-CENTER,  HIGH,  Newspaper in Seattle, WA

Inslee extends eviction ban in Washington through Sept. 30
Gov. Jay Inslee Thursday announced an extension of the ban on evictions through Sept. 30 in an effort to help Washington tenants navigate the economic fallout from the COVID-19 pandemic. The existing moratorium is set to end June 30, and the extension announced Thursday is a new and different version.

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from The Spokesman-Review
Newspaper in Spokane, Washington

If you have worked in child welfare, education or health care then you’ve learned the acronym ACEs – for adverse childhood experiences. Someone with a high ACEs score, meaning many traumatic experiences, is statistically likely to suffer a lifetime of negative physical and mental health impacts. Children who are continually told they are damaged, disadvantaged or unwanted will believe it. The antidote is PCEs – positive childhood experiences – and connections with affirming adults who push and pull them toward good choices. Children need positive narratives of hope to flourish. So does a country. And the left-leaning mainstream media narrative this past week has uncritically repeated the big lie that objecting to critical race theory means stifling history teachers from discussing the uncomfortable trauma of chattel slavery in North America. What parents and conservatives pushing back against CRT-based curriculum object to is the negative narrative of America as an irredeemably racist country founded to promote and protect chattel slavery, intended to keep Black people down in perpetuity.

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