Interest rates

Now that the entire federal government is politicized by the left, the Federal Reserve is beginning to signal an “easy money” policy of artificially lowered interest rates – decoupled from actual inflation – next year to help Joe Biden get reelected. The stock markets were ecstatic with the idea of a short-sighted sugar high in 2024, even though most trading firms are keenly aware that cosmetic changes such as these instead of the structural fixes required like less federal spending, lower taxes, and a balanced federal budget (all impossible when Democrats are in power) are actually unhealthy in the long-term, likely leading to even higher inflation. However, like the politicians behind the Fed, they just don’t care as they will not directly feel the pain these moves impose upon the American working class.

This is just another reminder of why the U.S. Constitution exists primarily to limit the size and scope of the American federal government, why the progressive Democrats in today’s ruling class hate the U.S. Constitution, and how us working class Americans should not be fooled into looking at micro market moods as indicators of macro market and economic health.  When you see stock traders jumping like cats at the strings being dangled by the Fed, it’s time for some adult supervision to be restored to Washington and Wall Street.

NIck McNulty

Windham, NH

Harvard president

Is anyone genuinely surprised by Harvard’s decision to stand by Claudine Gay? There was simply no way that Harvard would ever remove its first female Black president as a result of pressure seen coming predominantly from oppositional forces on the right, particularly from pro-Trump congresswoman Elise Stefanik. In essence, because of Gay’s race and gender, she is in essence an untouchable, sacred cow. In Harvard’s decision to retain Gay, and through Gay’s refusal to gracefully step aside, we have learned a lot about both Harvard and Gay. None of what we learned is good.

Had any other person engaged in the types of speech and conduct toward an ostensibly aggrieved group other than Jews that Gay herself engaged in, they would have been summarily condemned and removed by Harvard. But Gay’s behavior was condoned rather condemned, and she was retained rather than removed. By all accounts, safe spaces are only for groups deemed worthy of protection by the left, and hate speech is tolerable so long as it’s directed at Jews.

Again though, no one should be surprised by this shameful saga. This is but the left’s latest display of rank hypocrisy, grotesque double standards, and selective moral outrage. In witnessing this opprobrious behavior by Gay and Harvard, I was immediately reminded of an apt quote by famed American journalist William H. Irwin, who many years ago said: “Like gluttony or drunkenness, hatred seems an agreeable vice when you practice it yourself, but disgusting when observed in others.”
Indeed.

Michael J. DiStefano

Jamestown, RI