Principles

close-up-franklins-face-on-a-one-hundred-dollar-american-us-dollars-cash-money-background-stockpack-adobe-stock
Close up Franklin's face  on a one hundred dollar. American, US Dollars Cash Money background.
Close up Franklin's face on a one hundred dollar. American, US Dollars Cash Money background.

Reserve Currency?  We Don’t Need No Stinkin’ Reserve Currency

A hot question among economic pundits of late is, “What will replace the US dollar (USD) as the world’s reserve currency?” Perhaps a better question is, “Does there need to be an actual replacement?” Currently, the USD plays several major roles: There would appear to be no current alternative that completely contains every one of these attributes.  But recently, there has been a plethora of bi-lateral and multi-lateral trade agreements, particularly among the BRICS nations (Brazil, Russia, India, China, South Africa), which provide the ability to settle trade transactions in local currency or other acceptable payment mechanisms, thus satisfying the USD role number one cited above.  Simply put, if a country can settle much of its trade liabilities without requiring the Read More ›

supply-and-demand-graph-concept-with-chalk-and-blackboard-stockpack-adobe-stock
Supply and demand graph concept with chalk and blackboard
Supply and demand graph concept with chalk and blackboard

How Learning Inverts the Supply Curve

In economics the law of supply decrees that as price increases, the quantity supplied also increases. In other words, the classical supply curve is upward sloping. This is true in a world with no learning. But every time an additional unit is produced and acquired by a consumer, producers get better at making it and consumers get better at using it. Both parties are learning and growing the knowledge base. Read More ›
trump-constitution-day-declaration
President Donald J. Trump signs the Constitution Day, Citizenship Day, and Constitution Week 2020 Proclamation Thursday, Sept. 17, 2020, during the White House Conference on American History at the National Archives and Records Administration in Washington, D.C
Official White House Photo by Joyce N. Boghosian

The Truth About Critical Race Theory

Moderator Chris Wallace asked President Trump during last week’s debate why he “directed federal agencies to end racial-sensitivity training that addresses white privilege or critical race theory.” Mr. Trump answered: “I ended it because it’s racist.” Participants “were asked to do things that were absolutely insane,” he explained. “They were teaching people to hate our country.”

“Nobody’s doing that,” Joe Biden replied. He’s wrong.

My reporting on critical race theory in the federal government was the impetus for the president’s executive order, so I can say with confidence that these training sessions had nothing to do with developing “racial sensitivity.” As I document in detailed reports for City Journal and the New York Post, critical race theory training sessions in public agencies have pushed a deeply ideological agenda that includes reducing people to a racial essence, segregating them, and judging them by their group identity rather than individual character, behavior and merit.

The examples are instructive. At a series of events at the Treasury Department and federal financial agencies, diversity trainer Howard Ross taught employees that America was “built on the backs of people who were enslaved” and that all white Americans are complicit in a system of white supremacy “by automatic response to the ways we’re taught.”

In accompanying documents, Mr. Ross argues that whites share an inborn oppressive streak. “Whiteness,” employees are told, “includes white privilege and white supremacy.” Consequently, whites “struggle to own their racism.” He instructs managers to conduct “listening sessions” in which black employees can speak about their experience and be “seen in their pain,” while white employees are instructed to “sit in the discomfort” and not “fill the silence with your own thoughts and feelings.” Members of “the group you’re allying with,” Mr. Ross says, are not “obligated to like you, thank you, feel sorry for you, or forgive you.” For training like this, Mr. Ross and his firm have been paid $5 million over 15 years, according to federal disclosures.

Read More ›
maxresdefault

The Epoch Times’ Jan Jekielek Interviews Christopher Rufo on Critical Race Theory

In this interview with The Epoch Times' "American Thought Leaders" series, Christopher explains the history of critical race theory, how it became the default ideology of our federal bureaucracies, and the shocking amount of taxpayer money that’s subsidizing it. Read More ›
competition-stockpack-adobe-stock.jpg
Competition
Photo by olly on Adobe Stock

Christopher Rufo Vs. The CRT Goliath

My hero last week was Christopher Rufo, the young independent investigative journalist who revealed racist anti-white employee training going on at Sandia National Labs, and who made it onto Tucker Carlson’s show to talk about it. Result: a couple of days later, President Trump, acting through OMB Director Russell Vought, ordered the federal government to end training about “Critical Race Theory” and “white privilege.” Read More ›

Democracy’s Highest Crime and Misdemeanor

In his Gettysburg Address, Lincoln reminded Americans that they were uniquely privileged to have a new birth of freedom that was contingent on “government of the people, by the people, and for the people.” That was then. What about now? Every week brings new revelations and details about a cabal in the federal government whose actions border on both sedition and conspiracy. The evidence suggests that specific high level officials in the Justice Department and the FBI colluded to violate the law in unprecedented ways for the singular purpose of subverting the will of the people both before and after the 2016 election. Read More ›
discourse-text-macro-shot-highlighted-in-yellow-color-on-computer-screen-stockpack-adobe-stock.jpeg
Discourse Text Macro Shot Highlighted in Yellow Color On Computer Screen

Should Libertarians Be Conservatives?

We can make the case for protecting unborn life and conjugal marriage on the basis of limited government and individual rights, without recourse to any narrowly religious assumptions. Read More ›