The Conversation Thu 04. 27. 2017.

Unveiled: Trump’s Tax Plan
Bob Bryan, Business Insider

WSJ: Trump Plan "Ambitious And Necessary" [Watch]
The Wall Street Journal

President Trump Is Likely To Sign An Order Setting In Motion A U.S. Withdrawal From Nafta
Mark Landler, New York Times

Ann Coulter Will Not Speak At Berkeley [Watch]
David K.Li, New York Post

Racist Obama Caused Dems' Downfall, Not Hillary
Karin McQuillan, American Thinker

Hillary Threatened PM's Son With IRS Audit To Kill Probe
Richard Pollock, Daily Caller

How Trump Can Help The Cops
Heather Mac Donald, City Journal

Judge Who Blocked Trump Sanctuary City Order Bundled $200K For Obama
Tiffany Gabbay, Truth Revolt

Rating Trump’s First 100 Days
Scott Adams Blog

Antifa Terrorist Punches Reporter — Then Watch What Happens! [Watch]
Kevin Jackson, The BlackSphere

This Latina Republican Plans On Taking On Bill De Blasio
Ryan Girdusky, Red Alert Politics

Bernie Sanders Slams Billionaires, Gets Reminded He Owns 3 Houses
Daniel Chaitin, Washington Examiner

Portland Cancels Annual Avenue Of Roses Parade After Antifa Terrorists Promise To Rush Parade And Beat Republicans
Jim Hoft, Gateway Pundit

Ivy League Schools Did Not Disclose $246 Million In Taxpayer Funding, Violating Law
Elizabeth Harrington, Washington Free Beacon

Pew On America's Shrinking Middle Class — Still Vastly Richer And Larger Than Europe's Of Course
Tim Worstall, Forbes.com

U.N. Warns That Repealing Obamacare May Be Illegal
Paul Mirengoff, Powerline Blog

Bill Nye Has Had Enough Of Your ‘Extra Kids’
Bosworth W. Hollingsworth, The Federalist

Why Taxation Is Slavery: Words From Frederick Douglass
Joe Jarvis, The Daily Bell

FMC Barometers

Numbers as of last Friday close.


Why are these numbers important?

Shadow Stats Snapshot


ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    BLS: 4.5%
    Shadow Stats: 22.5%
  • Inflation:
    March Year-to-Year: 2.38% (CPI-U*)
    Shadow Stats: 10.1%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]

Wisdom


The True Gospel Of Karl Marx

“The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. Never under any circumstances admit that your own failure may be owing to your own weakness, or that the failure of anyone else may be due to his own defects - his laziness, incompetence, improvidence, or stupidity.”

-- Henry Hazlitt,

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In Search Of History

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Keynesian Economics and the Great Depression

Hillsdale College economics professor Gary Wolfram discusses Keynesian economics and the factors that pulled the national economy out of the Great Depression. The story of World War II shows that government spending may produce activity, but not the prosperity of a truly healthy economy.

 

-- Gary Wolfram, Hillsdale College,