I Thought Supply-Side Economics was a Myth

At least, that’s what so many tax-and-spend Progressive-Democrats have been insisting since the Reagan years.

But Fed Chairman Jerome Powell thinks supply-side economics actually is a thing.

Supply-side constraints have gotten worse[.]

He said that in his rationalization for his “watching carefully” indications that households and businesses are expecting sustained price pressures to continue and associated Fed manipulations of interest rates and debt asset purchasing.

Along those lines is this:

[Fed] Officials don’t want to be in a position where they feel compelled to raise rates at a time when they are still fueling monetary stimulus by purchasing assets.

Well, NSS.

Maybe there really is something to this supply-side business.

An EU Attack on National Sovereignty

Poland’s Prime Minister, Mateusz Morawiecki, is objecting to the European Union’s claims to overriding authority over its independent constituent nations, Poland in particular. In an open letter to the EU’s parliament, then in debate during the next parliament session, he said

…EU mission creep…would lead to a “centrally managed organism, governed by institutions deprived of democratic control.”

And then,

EU competencies have clear boundaries, we must not remain silent when those boundaries are breached. So we are saying yes to European universalism, but we say no to European centralism.”

Which argument for the sovereignty of the Union’s constituent nations was answered dismissively by European Commission President Ursula von der Leyen:

Your arguments are not getting better. You’re just escaping the debate[.]

She then laid out three options by which the EU would seek to compel Poland’s acceptance of EU suzerainty:

  • first: a so-called infringement, where the European Commission legally challenges the Polish court’s judgment, which could lead to fines
  • second: a conditionality mechanism and other financial tools whereby EU funds would be withheld from Poland
  • third: application of Article 7 of the EU’s treaties. Under this, rights of member states—including the right to vote on EU decisions—can be suspended because they have breached core values of the bloc

Despite this,

Poland’s ruling nationalist Law and Justice party says it has no plans for a “Polexit[.]”

Maybe the party and the citizens should begin thinking about it.

Stall

And outright disregard for court rulings and the law. That’s the Biden-Harris administration’s position regarding the prior administration’s Remain in Mexico policy—the Migrant Protection Protocols—implemented to stem the flow of illegal aliens into our nation, and by extension, the flow of illegal aliens into and through Mexico.

The Supreme Court, ‘way last August, ruled that the Remain in Mexico policy must remain in force, but Biden-Harris and their DHS Secretary Alejandro Mayorkas say they’ll get around to it in another month—mid-November. -Ish.

Stall. And disobey.

Mayorkas, in an unsigned DHS statement:

Mexico is a sovereign nation that must make an independent decision to accept the return of individuals without status in Mexico as part of any reimplementation of MPP.  Discussions with the Government of Mexico concerning when and how MPP will be reimplemented are ongoing.

Stall. And disobey.

The protocols are in place. Mexico had already agreed. The only reason it’s taken eight weeks already is the Biden-Harris stall. And disobey.

The only reason it’ll take another four weeks, at least, is…stall. And disobey.

Domestic Spy

That’s what Homeland Security Secretary Alejandro Mayorkas seems to see as his primary job: spying on his employees, prying into their personal medical status.

The US Department of Homeland Security is seeking proposals for a new system that will allow it to track the biometric data of its workers in order to monitor their physical and mental well-being.

Government tracking of Americans’ biometric data. This is the Biden-Harris Surveillance State—rest assured that if this is allowed to go forward, it will spread rapidly to all the rest of Government—complementing the administration’s already radically expanded and expanding (see their reconciliation bill and it’s a priori amendment, their “infrastructure” bill) Administrative State.

Here’s a thought, admittedly inconceivable to Progressive-Democrats, but plainly obvious to us average Americans: improve the physical and mental well-being of those workers—and the rest of the folks involved in law enforcement in any milieu—by giving those workers the tools and support they need actually to enforce our laws. Stop denigrating them, stop defunding them, stop telling them to enforce only some laws, and those only partially.

The cognitive dissonance that results from being told to do a job, but don’t do it, from doing a job and then being castigated for doing it, can be devastating. And no biometric data collection, no snooping into personal medical situations, is needed for that.

Biden’s Attack on Our Oil and Gas Industry

President Joe Biden’s (D) and his Progressive-Democratic Party syndicate’s hatred of our oil and gas production industry is well known, and he wants to include $6 billion in additional taxes, fees, and fines on those industries in their reconciliation bill.

But those penalties also will explode the cost of a myriad products Americans use, and destroy the availability of too many others—all beyond such petty uses as fuel for our getting to and from work, or heating our homes in winter and cooling them in summer.

Here’s a partial list of those other uses to which our oil and gas production is put. The full list would run to some 6,000 products.

  • asphalt and road oil
  • components for producing chemicals, plastics, and synthetic materials
  • electronics
  • luggage
  • office supplies like ink and pens
  • computer chips
  • paint and paint brushes
  • floor wax
  • safety glasses and regular eye glasses and contacts
  • linoleum
  • caulking
  • roofing
  • curtains
  • electricians tape
  • fertilizer
  • insecticides
  • tires
  • mops
  • rugs and carpets
  • toilet seats
  • pillows (down-filled are much more expensive)
  • upholstery
  • refrigerators
  • dishwasher parts
  • rubbing alcohol
  • aspirin and other medicines
  • heart valves and other medical devices
  • bandages
  • anesthetics
  • surgical masks (never mind their claimed need for Wuhan Virus protection)
  • dentures
  • antiseptics and hand sanitizers
  • antihistamines
  • cortisone
  • artificial limbs
  • clothes
  • hair tinting and dying
  • perfume
  • sunglasses
  • lipstick
  • purses
  • shoes
  • roller skates
  • shampoo
  • deodorant
  • toothpaste and soap
  • balloons
  • tents
  • fishing rods
  • footballs
  • football cleats and helmets
  • golf balls
  • parachutes
  • telephones
  • cameras
  • candles
  • drinking cups

Of course, Progressive-Democrats know all of this. They also know that wind, solar, even nuclear sources will produce none of these.