Why Americans have a stake in Ukraine’s fate

French President Emmanuel Macron would like to be designated to take Kissinger’s telephone call. This month, when he began a six-month term in the rotating office of E.U. president, he displeased the febrile portion of the French right by flying the European Union flag alone under the Arc de Triomphe. He then delivered to the European Parliament in Strasbourg, France, a speech that demonstrated why no Kissinger would bother placing that call.

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Politics is trumping economics. It might end badly.

The conquest of inflation is one of the most far-reaching changes of our times. Countries used to think that they simply had to live with and manage escalating prices and wages. When inflationary trends got out of hand, they often had severe political consequences. Unlike unemployment, which affects just the small percentage of people who don’t have jobs, inflation affects everyone. And unlike unemployment, which shrinks what you might earn in the future (if you have a job), inflation shrinks what you have now by eroding the value of your savings.

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Politics is trumping economics. It might end badly.

The conquest of inflation is one of the most far-reaching changes of our times. Countries used to think that they simply had to live with and manage escalating prices and wages. When inflationary trends got out of hand, they often had severe political consequences. Unlike unemployment, which affects just the small percentage of people who don’t have jobs, inflation affects everyone. And unlike unemployment, which shrinks what you might earn in the future (if you have a job), inflation shrinks what you have now by eroding the value of your savings.

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An economist explains why the Democrats’ spending plan doesn’t pose a big risk of inflation

by Michael Klein, Tufts University
One of the main concerns raised by critics of President Joe Biden’s Build Back Better plan is that it will drive up inflation, which is already running at the fastest pace in four decades.
The Senate is currently considering a roughly US$2 trillion bill passed by the House that would spend money on health care, education, fighting climate change and much else over the next decade. But Republicans and a handful of Democrats like Sen. Joe Manchin of West Virginia argue the risk that more spending could push inflation even higher is too great.

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Biden's Build Back Better plan is good for you. Let me list the ways

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Last week, the House passed the Build Back Better Act. This legislation is aimed at strengthening our social safety net and also aims to boost efforts that weaken the impact of climate change. 
Build Back Better is a good thing, and it should pass. (Most predictors say it will with a few changes). This legislation would impact nearly every single American, in a good way.
SEN.

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America Should Be Shining the Light of Liberty, Not Government

Opinion

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Posted: Dec 08, 2021 12:01 AM

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.

The Biden administration is hosting, in upcoming days, a “Summit for Democracy,” in which 110 nations worldwide have been invited to participate in this global virtual event.
The U.S. State Department notes that the purpose is “setting forth an affirmative agenda for democratic renewal and to tackle the greatest threats faced by democracies through collective action.

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Republicans Will Never Help Democrats Avoid a Debt Ceiling Crisis

Back in 2011, shortly after he had left a two-year stint in the White House serving as then–Vice President Joe Biden’s chief economic policy adviser, Jared Bernstein did what everyone of any notoriety in the early 2000s did: He started a blog.
“I’m going to try to do my part to improve the debate from the outside, to make sense out of the arguments, to go for truth over truthiness, to elevate the facts of the case in a way that’s respectful to all sides of the case,” he wrote in his inaugural post.

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Look at Build Back Better’s Benefits, Not Its Price Tag

It’s past time that Americans heard more about what’s inside President Biden’s Build Back Better plan than about the sticker price. For starters, the budget numbers cover 10 years, a decade in which the Congressional Budget Office projects $288 trillion worth of economic output. So a BBB plan of $1.75 trillion or so would amount to roughly 0.6% of gross domestic product—slightly more than the 0.5% Americans spent last year on tobacco.
For reasons both technical and economic, no one can make accurate budget projections 10 years ahead.

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China’s Growth Model Is in Crisis

The ongoing crisis for Chinese property developer Evergrande has made the giant company the focal point of global concern. Creditors, investors, contractors, customers, and employees of Evergrande within and outside China have watched anxiously to see whether the Chinese government would decide that Evergrande was too big to fail. If Evergrande were to collapse, the repercussions for both the financial system and construction supply chains are impossible to predict.

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