Using Austrian insights to provide helpful information about the U.S. economy
Joined July 2024
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October surprise!!!
Roy Cooper steered $100M in NC disaster relief to low-income housing as hurricane victims went without homes trib.al/5RfF5Kq
Economic Analyst retweeted
At Christmastime, 1913, Woodrow Wilson signed the Federal Reserve Act, handing the power to create money to a private central banking cartel. A foreign Banker named Paul Warburg drafted the plan in secret on Jekyll Island in 1910 before he even became an American citizen.
Under the Federal Reserve Act, Americans would now borrow their own currency at interest. Inflation then quietly ate away at wages, and over a century later, the dollar has lost 97% of its purchasing power.
End the Fed.
This may just be me, but so far, I'm not seeing much of a Dem wave materialize on the early vote, despite an increase in early vote from 2022.
If a wave is to show up, it will have to be with IPEV and/or ED.
📊 Midterms Early Vote Trackervia
@WinWithJMC (1/10)
810k ballots in so far
🟦 Dems: 62% (-2 from yesterday)
🟥 GOP: 23% (+2)
Same calendar point in 2022:
280k · 58% D / 26% R
Raw volume is ~2.9× that 2022 snapshot.
Economic Analyst retweeted
My argument that refining constraints are contributing to higher diesel prices was called “silly” and “wrong.” But the International Energy Agency’s September 17 report supports exactly that point:
• Russian diesel production has fallen nearly 30%.
• Lost Russian and Middle Eastern exports have tightened global diesel supplies.
• Higher American shipments only partly filled the gap.
• That shortage has pushed diesel prices higher relative to crude oil.
The IEA also says the OECD refining system is close to its practical limit for diesel and related fuels. And American refineries are running at like 97-98% capacity right now.
That’s why I asked: Who supports building and expanding American refineries?
More capacity here would give us more options when supplies overseas are disrupted. Building takes years—which is precisely why you start BEFORE the emergency, something Democrats have fought tooth and nail over the decades.
The last major greenfield refinery with significant downstream unit capacity built from scratch remains Marathon's facility in Garyville, Louisiana, which came online in 1977.
Read the report for yourself: iea.org/commentaries/russian…
WATCH: CNN’s Abby Phillip: “It's not even true that the rise in diesel prices was driven by a lack of refineries.”
Scott Jennings: “Are you arguing that the Russian-Ukraine war hasn't knocked offline a bunch of refining? That's where a lot of it comes from.”
Abby Phillip: “I’m talking about domestic refineries. You are arguing that a lack of domestic refineries led to a rise in oil and gas.”
Scott Jennings: “I’m saying we absolutely don't have enough refining capacity… You're arguing about six months. I'm arguing that Democrats have argued against domestic energy forever and now you want me to truth them on gas prices.”
Absolutely NUKED! Abby Phillip thinks she is the gatekeeper of truth when she just constantly lies and sides with her liberal nut job panelists.
Economic Analyst retweeted
🚨 WOW! CA governor candidate Steve Hilton MIC DROPPED Xavier Becerra to his face
“YOU sent thousands of young children directly into the clutches of child s*x and labor traffickers, hundreds of thousands of children that you were responsible for are still missing today, 100,000 of them are under 10 years old!”
“When you were HHS Secretary, you were responsible for 479,000 unaccompanied migrant children…YOU dismantled the vetting that should have made sure they were safe!”
How can ANYONE vote for him after that? He literally allowed child trafficking at the border 🤯
If California had secure elections, Hilton would be MUCH closer to winning
If Hilton performs strongly, that can bode well for US HOUSE SEATS as well. Vote red!
Economic Analyst retweeted
Canada has successfully executed 76,000 of its citizens since 2016. Let’s use whatever drug cocktail they use for MAID. Problem solved.
Economic Analyst retweeted
I don't know who needs to hear this, but Islam is not a religion of peace.
Economic Analyst retweeted
No continent, no century, and no people have been spared from war, violence, invasion, or conquest. Yet America alone is obsessed with punishing itself over centuries old events.
Fuck that.
Economic Analyst retweeted
You never see Christians hijacking a plane and yelling "Praise Jesus" as they try to kill everyone on board.
Economic Analyst retweeted
The measures necessary to truly crush inflation would be bitterly opposed by Democrats like you, which is precisely why monetary policy is inherently political.
No one has the stomach or ability to do what must be done because the moment they try, they will be cynically attacked because there’s power to be gained from doing so.
It’s impossible to resolve a crisis when there’s no shared vision of the good. So the system will just run on autopilot until financial repression inevitably forces debt to GDP back down at the cost of punishing innocent people.
Economic Analyst retweeted
"The welfare state is merely a method for transforming the market economy step by step into socialism." - Ludwig von Mises
Economic Analyst retweeted
Sowell explains that politicians have a strong incentive to portray various problems as crises.
Once people believe there is a crisis, officials can justify government action more easily, including policies people would normally view with suspicion.
Since problems always exist, politicians have an endless supply of “crises” they can point to.
