John T. Reed’s news blog

I have repeatedly said that the federal government will be forced to have the Federal Reserve ”print” money to pay the bills in the foreseeable future..The Fed does that by “buying” US government bonds with money that does not exist. They write check on an empty bank account, but the checks do not bounce. The dollar falls in purchasing power, a.k.a. inflation or hyperinflation..I figured the politicians would just pressure the Fed to do this the way they did in the recent Quantitative Easing I, II, and III..I underestimated the total absence of subtleness in Ocasio-Cortez’s world view. Her Green New...

I think the ice on the frozen Political Correctness River is thawing and cracking up. The latest evidence is black comedian Kevin Hartz refusing to apologize again for some remarks about gays he made, retracted, and apologized for years ago. He lost his gig to host this year’s Academy Awards as a result. He’d rather that than kissing up to the PC police. And they are now going to be hosted by no one. Not to mention that no one watches them anymore because of all the left-wing politics all the awardees insist on inserting. The Northam and Herring black...

A “Democrat strategist” on Fox News tonight said the infanticide issue is a “communications problem.” Then he said infanticide was like “hospice.” Then he said “shouldn’t the family decide, not outsiders?” So make a movie of it all if communication is the goal If it is just a communications problem, and a picture is worth a thousand words, make a video of the newborn being made comfortable, then the family discussion about what to do with the infant, i.e., let it die or kill it or—actually, there does not seem to be an alternative to those—after all, we are talking...

Lousy op-ed in the WSJ on wealth taxesAn op-ed in today’s WSJ says “Elizabeth Warren doesn’t Understand Wealth Taxes. I believe it. But neither does Alan Cole, the Wharton student who wrote it..He says we already have taxes on capital and should. I am not sure we should have any. The money was already taxed once when earned. By what right does the government tax it again? I believe there is no capital gains tax in Singapore which is one of the most prosperous places on earth..An argument can be made that real estate should be taxed to cover services...

I just saw the new documentary “They Shall Never Grow Old” in a movie theater. Should you?I’m glad I did, but I would not conclude all others would be. I would certainly recommend it to a teenager who thinks he wants to be a soldier and go to war—to cure him of that insanity. Yeah, we have to fight wars, but we do not have to volunteer for them.Until recently, America has been proud of its citizen soldiers, a.k.a. draftees. They were drafted. They did their duty. They won. Some died. Others were wounded. Few volunteered. Many who did were...