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The Israeli newspaper Haaretz has published Israeli PM Benjamin Netanyahu's 2024 diary and it shows extensive contact with US Senator Lindsey Graham. As foreign policy is Constitutionally the purview of the US President, what was Graham up to? Also today: the glut of unemployed and unemployable college graduates - what does it mean for the future?
With eight months left on its charter, the Department of Government Efficiency (DOGE) has ceased to exist according to the Trump Administration. Radio talk show host David Gornoski was at the center of the storm when Elon Musk endorsed a role for Ron Paul in DOGE and he joins today's Liberty Report to discuss those heady early days and how the principles of DOGE will remain alive and continue to grow. Also today: the sad departure of Marjorie Taylor Greene.
The AI Bubble is a perfect example of why The Fed should not exist. Give human beings the ability to counterfeit money and their delusions of grandeur are going to follow. Economic laws become a relic of the past. The free will of every single person on earth is ignored as if it doesn't exist. The receivers of The Fed's counterfeit money believe that they will overcome it all, and reality will conform to their imaginations. End the Fed.
Judge Andrew Napolitano has a new article out explaining what happened to the Madisonian system that created such freedom and wealth for the United States. Where did we go wrong? Hint: Wilson. Also today, Texas Governor Abbott declares Muslim rights group to be a "foreign terrorist organization."
Multiple media outlets are reporting that a weeks-long, behind-the-scene effort between Trump envoy Steve Witkoff and Russian negotiator Kiril Dimitriev has resulted in a multiple-point deal to end the war in Ukraine. Is the corruption scandal breaking now as a way to push a fading Zelensky toward accepting reality? Also today: Marjorie Taylor-Greene emerges as a top Republican Trump critic - who defines what is and is not MAGA?
The UN Security Council (with Russia and China abstaining) adopted a resolution yesterday essentially establishing a "Board of Peace" to govern post-destroyed Gaza. It is unclear who will make up the military might to "enforce" the peace, but President Trump has announced that he will be the Chairman of the Board of Peace. Good idea? Also today: F-35s to Saudi Arabia.
Many Americans mistakenly believed that shutting the government down for the longest stretch ever might actually save us some money. The opposite is the case. No matter what Washington does, the debt bill keeps getting higher. Also today, tariffs cause chaos for US business.
By Ron Paul
Donald Trump’s victory in the 2024 presidential election was due in large part to his promises to pursue an America First foreign policy and rein in inflation. One year later, prices remain high, and President Trump is more focused on overseas meddling than on the American people. This has helped enable Democrats to win governor races in Virginia and New Jersey, and self-described Democratic socialist Zohran Mamdani to win the New York City mayor race by running on “affordability.” Since the election, President Trump has made a number of proposals to ease the burden of high prices. One of the president’s proposals is changing federal housing regulations to encourage lenders to offer 50-year mortgages. Though a 50-year mortgage in comparison to a 30-year mortgage could reduce monthly mortgage payments by over a hundred dollars for a median price home, it could also roughly double interest payments made over the life of the mortgage. So, while the longer mortgage may provide a short-term benefit, in the long run it is a losing proposition for potential homeowners. President Trump also proposed using the revenue from his tariffs to give most Americans at least 2,000 dollars. This may provide some help for struggling Americans, but it does not compensate for the damage inflicted on the American economy by the tariffs. President Trump has also announced plans to reduce tariffs on some countries in regard to coffee, bananas, and other agricultural products. This reduction in the tariffs has come with an admission from the Trump administration that the high tariffs have led to increased prices and thus harmed Americans. Hopefully, President Trump will provide more relief from his tariffs, including relief aimed at helping American manufacturers who rely on imports for raw materials and tools. While Democrats talk about “affordability,” most are unwilling to support the free-market policies that produce abundance and affordability. Instead, they want more government interventions in the marketplace — even though history shows government interventions cause price increases and shortages. For example, New York City Mayor-elect Mamdani thinks the way to address housing costs in New York City is through new price controls on rent. He does not seem to understand that a reason housing costs are so high in New York City is because of the city’s existing rent control law. Another example is congressional Democrats’ “solution” to the large increases in Obamacare premiums being to extend the 2021 “temporary” Obamacare subsidies enacted as part of covid relief legislation. Unfortunately, the Republican alternative appears to be to just send Americans money to use to pay medical costs. Politicians with both parties ignore the real cause of price inflation: the Federal Reserve. When the Federal Reserve increases the money supply, it reduces the dollar’s value, thus increasing the average American’s cost of living. A major reason the Fed devalues the dollar is to monetize the ever-increasing federal debt by purchasing Treasury securities. Therefore, an important action the president and Congress could take to make America affordable again would be to reduce federal spending and start paying down the over 38 trillion dollars debt. Congress should also pass legislation forbidding the Federal Reserve from purchasing federal debt. Congress should also pass the Audit the Fed bill, legislation exempting precious metals and cryptocurrencies from capital gains taxes, and a repeal of any other laws that prevent Americans from using alternative currencies. Auditing and ending the Federal Reserve is the true affordability agenda. |
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