Author Archive: Stephen Green

VODKAPUNDIT PRESENTS YOUR DAILY INSANITY WRAP: ‘Flippin Gigantic’ Biden Mexico Deal Revealed.

Plus:

  • Karen explains racism to self-made black man
  • Lefties gaslighting crime wave away
  • JAMA concludes masks are basically child abuse

So much more at the link, you’d have to be crazy to miss it.

THAT ’70S SHOW: The Looming Stagflationary Debt Crisis.

In April, I warned that today’s extremely loose monetary and fiscal policies, when combined with a number of negative supply shocks, could result in 1970s-style stagflation (high inflation alongside a recession). In fact, the risk today is even bigger than it was then.

After all, debt ratios in advanced economies and most emerging markets were much lower in the 1970s, which is why stagflation has not been associated with debt crises historically. If anything, unexpected inflation in the 1970s wiped out the real value of nominal debts at fixed rates, thus reducing many advanced economies’ public-debt burdens.

Conversely, during the 2007-08 financial crisis, high debt ratios (private and public) caused a severe debt crisis – as housing bubbles burst – but the ensuing recession led to low inflation, if not outright deflation. Owing to the credit crunch, there was a macro shock to aggregate demand, whereas the risks today are on the supply side.

We are thus left with the worst of both the stagflationary 1970s and the 2007-10 period.

Obama’s third term, Carter’s second.

SHE’S DOING HARM: Ilhan Omar Knows What She’s Doing. “Omar, as the kids say, is owning her truth. Her tap dance follows a pattern that is by now well established, in which the justice-seeking congresswoman makes nakedly prejudicial remarks, pretends to walk them back in the face of muted criticism from her colleagues, characterizes the criticism itself as Islamophobic, and proceeds to reoffend.”

PJ MEDIA VIP ROUNDUP: Don’t forget that VODKAPUNDIT promo code if you’ve been thinking of joining us.

Bryan Preston: From the National Archives to the Alamo, Is There Any Stopping the Woke Campaign to Destroy Our History? “The arguments the wokesters make are at once historically inaccurate — wildly so, in many cases — dishonest, and tedious. They often fail to stand up to even the most basic logic or fact tests. They are simple-minded to the point of being childish.”

Kevin Downey Jr: Another Democrat Caught Working for the Chinese, and He Wants Your Vote. “Now we’ve learned that Matthew Putorti, the Democrat challenger to Republican lawmaker Elise Stefanik, has some pretty serious ties to the Chinese Communist Party (CCP).”

Yours Truly: San Francisco Residents Hate the Things They Keep Voting For. “When I see that a whopping 70% of San Franciscans believe that “the quality of life in the city has declined” in the last year, I’m here to remind them: For many — most? — residents, it was never that good to begin with.”

2022 PREVIEW: Vulnerable Democrat Kurt Schrader Says ‘No One’ is Trying to Defund the Police, Despite the Push from Inside His Own Party. “Schrader, who said “no one” is trying to defund the police, also voted in March to ‘defund the police.’ Schrader voted to pass the George Floyd Justice in Policing Act of 2021, with the majority of House Democrats, on an almost party-line vote of 220-212. The Act was described by Republicans as a plan that would engage in ‘defunding the police.'”

KRUISER’S MORNING BRIEF: Can DeSantis Effortlessly Cruise All the Way To 2024? “Even avid Trump supporters are big DeSantis fans, so if Trump decides he’s having more fun living rent-free in Democrats’ heads without the hassle of being president, the governor is an excellent choice for 2024.”

GOVERNOR FLOP SWEAT: California Democrats pass law to change recall rules and help Gov. Newsom fend off challengers. “The law amends existing recall rules to allow the election to happen at least 30 days earlier than under existing state law. By moving up the recall date, Newsom’s challengers will have less time to campaign against him, giving Newsom a clear upper hand — not that he needed one in Democrat-haven California.”

The story also notes that Newsom “quickly signed the bill into law.”

I don’t doubt that.

TALES FROM AMERICA’S BLUE ENCLAVES: Judge Sentences ‘Smallville’ Actress Allison Mack for NXIVM Sex Slave Cult Charges. “Mack confessed to manipulating women to become sex slaves for Raniere through the DOS (Dominus Obsequium Sororum) sorority. Two documentary series — Starz’s Seduced: Inside the NXIVM Cult and HBO’s The Vow — explain how Raniere created a self-help organization/cult and used it to prepare women to become his sex slaves. Mack trapped women into ‘master-slave’ relationships on the false premise of self-improvement, then coerced them to have sex with Raniere.”

A LONGSHOT BUT WORTH TRYING: Dr. Fauci Accused of Hatch Act Violations. “PPT respectfully requests that you ‘investigate whether National Institute of Allergy and Infectious Diseases (NIAID) Director Anthony Fauci violated the Hatch Act in the course of conducting an interview with The Washington Post just days before the General Presidential Election in November 2020.'”