Live from Music Row Wednesday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – host Leahy welcomed original all-star panelist Crom Carmichael to the studio for another edition of Crom’s Crommentary.
CROM CARMICHAEL:
I’m going to take three or four different issues and tie them together, because it’s all now part of what’s going on, and part of an attempt to destroy our culture as we understand it. There’s a bill in the state of Florida that says that teachers and school administrators cannot discuss gender identity in grades K through three.
Now, you could argue that it ought to be K through 12, but this bill is specifically for grades K through three. And the Left is going crazy about this, as are the teachers’ unions in Florida, because they want to be able to talk to kindergarteners and first graders about sexual identity. Now, they don’t want to teach them math and reading, but they want to teach them about sexual identity.
And the attempt here by the Left is an attempt to destroy the family. And the family is the bedrock institution of our society and, in fact, of any civilized society on the planet. And this is an attempt to destroy one of the most important pillars; in fact, maybe the most important pillar that underpins our society.
They’ve already done it in the black community with the welfare programs in the ’60s and ’70s, where you have 70 percent of black children who are born without a two-person family. And the Left is trying to do that as much as they can.
Now, I’m going to tie that into an article headlined How Politicized Is the Federal Reserve? And this is an article that points out that the Federal Reserve, which is essentially run by a bunch of appointed people but the economists at Federal Reserve, they are the permanent people in the Federal Reserve bureaucracy.
And as of right now, this is an author in The Wall Street Journal who said that what he found in 2021 is the overall Democrat-to-Republican ratio is 10.4 to 1. He said the lack of political diversity is especially pronounced among the economists of the Board of Governors, which is 48.5 to 1.
And then he goes on to point out that for people who are between 50 and 60, the ratio is 6.5 to 1, which means that as the group of older economists that essentially are the ones who advise the Federal Reserve governors, as they retire, it will even get more tilted.
This is a nationwide and institution-wide assault on good judgment. To try to argue that modern monetary theory works – all modern monetary theory is a repackaging of Keynesianism. And Keynesianism – John Maynard Keynes came up with the idea, an economic theory that was called Keynesianism.
And essentially what that says is that when unemployment is high, the Federal Reserve should run huge deficits. And when unemployment is low, the Federal Reserve should tighten the money supply.
And that combination would keep inflation down all the time and it would keep unemployment low. Well, the problem is, in the ’70s, Keynesianism was enacted to try to improve the unemployment rates in the ’70s.
And you had this massive amount of inflation from the deficit spending and from the monetization of so many other things where the Federal Reserve just monetized a whole bunch of things and pushed money into the system.
And that is what modern monetary theory is. The modern monetary theory maintains that no additional amounts of money in the economy will cause inflation, and that is logically just stupid. But they maintain it because they have a political agenda, and that political agenda requires the government to be able to spend massive amounts of money on social programs, even if it crushes the middle class.
I want to tie one more thing into this thing, and that is the war between Russia and the Ukraine. This is very interesting. Sixty-six percent of people making over $200,000 think that we should intervene militarily in Ukraine.
Thirty-seven percent of people making under $30,000 think so. Logic will tell you that it’s the people who are on the lower-income end who’d be the ones who would go over there and fight and die, and not the people making over $200,000.
And then the last one is fascinating, and that is that 55 percent of Democrats say that if the United States were attacked, they would flee to another country. And I think the $200,000 people and the people who would flee are very much the same people.
Listen to the full commentary:
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Tune in weekdays from 5:00 – 8:00 a.m. to The Tennessee Star Report with Michael Patrick Leahy on Talk Radio 98.3 FM WLAC 1510. Listen online at iHeart Radio.
