Author: Thomas L. Knapp

Our Beautiful Economy Was a Terrible Thing to Waste

Source: RealClearPolitics
by Froma Harrop

“Trump was handed a great economy, ‘The Envy of the World,’ according to financial media. His trade war, lack of coherent economic policy and perhaps low interest in governing when cameras aren’t present have investors close to panic. The Dow Jones Industrial Average has lost more than 2,000 points since Election Day. Consumer confidence just scored its largest decline since August 2021. Americans are falling behind on car payments at the highest rate in more than 30 years. Inflation and employment numbers have gone wobbly, and the U.S. dollar is losing value. (By the way, the Russian stock market is doing splendidly as are the European bourses.)” (03/13/25)

https://www.realclearpolitics.com/articles/2025/03/13/our_beautiful_economy_was_a_terrible_thing_to_waste_152497.html

Thomas L. Knapp

Dog bites man: Schumer to vote for more government spending and debt

Source: The Guardian [UK]

“The Senate minority leader, Chuck Schumer, said on Thursday he would vote for a Republican-written bill to fund federal agencies through September and avert a government shutdown. Schumer’s comments suggest that his members are prepared to provide the necessary votes to clear a procedural hurdle ahead, allowing the seven-month spending measure to advance to a final vote.” ()3/13/25)

https://www.theguardian.com/us-news/2025/mar/13/schumer-republican-bill-shutdown-trump

Thomas L. Knapp

Banning children from social media?

Source: The Price of Liberty
by Nathan Barton

“Australia has taken a drastic step, passing a law (and apparently enforcing it) to prevent people under age 16 from using social media. Now, even more are arguing that DC needs to also enact such a law. For the entire Fifty States and territories. Not much has been published about this in the past six or so weeks, or since the new regime started taking over DC. But it has been reported that twelve States so far have restricted teen access to social media and many more have seen legislation introduced to do so. Three States’ legislation have been blocked by courts. The most recent (reported on WTVR-TV) is Virginia, where lawmakers have passed a bill limiting social media use for those under age 16.” (03/13/25)

https://thepriceofliberty.org/2025/03/13/banning-children-from-social-media/

Thomas L. Knapp

US regime steals 749 Bitcoin tied to Silk Road market

Source: Bitcoin.com

“U.S. authorities [stole] approximately 749 Bitcoin, valued at $62.5 million, tied to a Silk Road drug trafficking and money laundering operations, according to a March 12, 2025, Forbes report. The [theft], ordered by the U.S. Attorney for the Western District of Texas, targeted assets connected to two unnamed individuals: a former Silk Road drug vendor and an accomplice who laundered proceeds through cryptocurrency exchanges. Alongside bitcoin, Forbes reported that authorities [stole] hundreds of thousands in foreign currencies, gold coins, and bars.” (03/13/25)

https://news.bitcoin.com/us-law-enforcement-confiscates-749-bitcoin-tied-to-decade-old-silk-road-crimes/

Thomas L. Knapp

Are inflationary expectations the key cause for general rise in prices?

Source: Cobden Centre
by Dr. Frank Shostak

“We suggest that without the preceding increases in money supply, all other things being equal, there cannot be general increase in prices, which is labelled by popular thinking as inflation.” (03/13/25)

https://www.cobdencentre.org/2025/03/are-inflationary-expectations-the-key-cause-for-general-rise-in-prices/

Thomas L. Knapp