Dennis Prager invites Caroline Glick, an accomplished student of world affairs, on how the world ought to understand the implications of the recent death of Commander Soleimani and President Trump’s role in undoing Iranian policy of past presidents.Read More »
Paul Volcker—the legendary Federal Reserve chair—died early this month on December 8. Volcker fought to restore discipline to monetary policy after the easy money binge of the 70s and the resulting economic stagflation. Left-wing policies led to out-of-control inflation. Volcker made the tough choices—tightening money supply and killing inflation.
This came at the cost of deep economic pain, but Ronald Reagan did not pressure Volcker, focusing instead on tax cuts, persuading the nation to give the policy a chance to work.
Despite the constant economic and political pressure to turn the morphine drip back on, Volcker stayed the course—and annual inflation went from 15 percent all the way down to under 3 percent.
The lesson today is that easy money is not the answer to a flagging economy. Conservatives should take the lesson of Paul Volcker and stick with our principles.
Even when it’s tough.Read More »
A passing of the torch happened last weekend, when one progressive icon—Bernie Sanders—accepted an endorsement of his campaign from another progressive icon, Congresswoman Alexandria Ocasio-Cortez.
Her endorsement came as no surprise to political observers, but heralded an important moment for the ascendancy of far-left wing politics within the Democratic Party. No longer can socialist policy positions be considered the fringes of the American left. Indeed, the movement led by Sanders and Ocasio-Cortez isn’t merely a minor blip in history to be dismissed with the next political cycle. It is the pathway down which the Democrats will take their politics, policymaking, and rhetoric in the years to come.
The ascendancy of the socialist left is a gift to President Trump and Republicans in Congress, who will run as defenders of a free-enterprise system that—while not perfect—has been the linchpin of American prosperity for generations. That’s an electoral fight that will be tough for Democrats to win.Read More »
Protests have continued in Hong Kong, even as the territory’s Chief Executive Carrie Lam formally withdrew from consideration the bill that would have allowed residents of Hong Kong to be extradited to China for criminal trial.
Yet, just a day earlier, China’s President Xi reiterated his call—as the Wall Street Journal reported—“for a determined fight to overcome any risk or challenge that endangers Communist Party leadership or harms China’s sovereignty and security.”
So, who to believe? What should we expect from Beijing regarding Hong Kong? The only certainty is that the People’s Republic of China is playing the proverbial “long game.”
In response, we need a long-haul policy of containment and coexistence, speaking firmly but without provocation.
Beijing is developing another 100-year strategy.
Our response will require doing more than words. It will require ships and submarines, missiles and planes, and a cyber- and space force.
Is the United States really serious?
Xi is watching what we build, not what we say.Read More »
The New York Times recently reported on alarming statistics on life expectancy. “For the first time in modern history, gains have stalled,” according to the report. “Alcohol and drug abuse, poor diet, obesity, smoking, and a lack of exercise have taken their toll … Older people are dying prematurely, their conditions worsened by isolation and depression.”
It’s a bleak portrait, but it’s not about America: the Times report focused on the United Kingdom, long-celebrated by the left for its National Health Service and other welfare state programs. Of course, in America we have identical problems of substance abuse, isolation and deaths of despair, but the situation in Great Britain reveals how socialized medicine and big government don’t offer simple solutions.
In most Western societies, the breakdown of family, retreat of religion and collapse of community, damage both the quality and length of our lives, regardless of government policies.Read More »
And then there were ten. That is: Ten Democrats who have qualified to participate in the next presidential primary debate on September 12.
Although the field has narrowed, the candidates’ drift toward far-left progressive policies continues—particularly when it comes to efforts to deal with climate change.
Elizabeth Warren recently unveiled a plan that would spend $3 trillion on government subsidies to combat global warming. Bernie Sanders wants to spend $16 trillion over 15 years, ban fracking for natural gas, and end the import and export of various sources of energy. Kamala Harris has a $10 trillion proposal that would bring what she calls “climate justice” to areas impacted by flooding, heat waves, and shortages in water or food.
Democrats are tripping over themselves to spend more and tax more, all in the name of environmental friendliness. But instead of dealing with climate change thoughtfully, they’re putting forth irresponsible proposals that will damage our economy and ultimately hurt American families working hard to make ends meet.Read More »
We’ve seen warning signs over the past few months that economic growth is slowing down. Now it’s official: The latest GDP report shows growth in the last quarter at about 2 percent—well below historic averages.
President Trump’s tax cuts kicked in at the beginning of last year. By last summer the economy was booming.
But now the boom’s worn off. The president blames Fed tightening; most economists blame the trade war.
And, it’s hard to ignore the volatility in our policy environment which gives business what it dreads most: huge levels of uncertainty.
There’s a real danger now that the president could enter reelection with a sluggish economy. He should make a hard pivot back to pro-growth policies, leaning on advisors like Larry Kudlow who helped him deliver the boom of 2018.
A growing economy could be the key to delivering a reelection boom for 2020.Read More »