Daily Missive

Things Worth Remembering: ‘We Fell Morally Ill’

Loading ...Addison Wiggin

January 26, 20258 minute, 39 second read



Things Worth Remembering: ‘We Fell Morally Ill’
The Free Press

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There are those in this Comments section who will find any comparison between Vaclav Havel and Donald Trump to be repugnant. And if Douglas Murray were comparing them man to man, personality to personality, individual motivation to individual motivation, these critics would have a point.

But Murray is comparing instead the spirit of the movement each man represents. America circa 2024 was not exactly Czechoslovakia circa 1968, but it was very not hard to feel like it was headed disturbingly fast in that direction. Joe Biden was the leader of a party that spent four years in a campaign of active lying and gaslighting to its people – a campaign that was aided, abetted, and given succor by nearly all major media outlets. Indeed, Joe Biden was elected in part because of this gaslighting campaign – would he even have won in 2020 if his son’s laptop had been treated as the shocking and massive news story it was instead of being actively lied about by so-called “intelligence experts” and suppressed by the media?

The 2020 election campaign taught the Biden Administration and major media what they could get away with if they colluded with one another, and the Covid pandemic and George Floyd riots provided a clean canvas on which to paint their dark plans. And paint they did.

“Covid came from a bat or pangolin in a wet market. Period. End of discussion.“

“Everyone must mask up and stay at least six feet apart.” But….

“Racial equity is a public health issue, so it’s okay if massive numbers of protestors congregate closely at George Floyd rallies.”

“George Floyd riots were ‘mostly peaceful protests.’”

“Children will die if we open the schools again.”

“The Afghanistan withdrawal was handled perfectly.”

“There is no inflation.”

“There may be a little inflation, but it’s only temporary.”

“There is no crisis a the Southern border.”

“We don’t want to take away your gas stoves.”

“Men can become women and women can become men.”

“There are innumerable genders.”

“Joe Biden is sharp as a tack – better than ever.”

Murray describes Havel’s essay, The Power of the Powerless, as follows: “The central theme of the essay—like that of his televised address and, really, his entire oeuvre—is that truth is inescapable. We can run away from the truth; we can pretend that lies are facts; we can pretend that there is no such thing as objective reality. But reality always manages to force its way into our consciousness.”

Donald Trump, a very imperfect messenger, was elected NOT because he possesses the humility, thoughtfulness, or wit of a certain 20th century Czech poet. He was elected because Americans got very tired of pretending that lies are facts, and his movement represented reality forcing its way back into our consciousness.


Stefan Bartl: From Draining the Swamp to Owning Intel: Is the Right Becoming What It Feared?

September 17, 2025Addison Wiggin

As time unfolds, the US federal government’s tentacles burrow ever-deeper into the economy. In the 2008 crisis, banks deemed “too big to fail” received a government bailout. The following year, automobile firms GM and Chrysler were saved from bankruptcy. When the Treasury exited GM in 2013, taxpayers were left with a loss of more than $10 billion. Ten years later, the federal government forbade Nippon Steel to acquire US Steel, in a merger they both desired. Instead, the government settled for Nippon Steel to invest in US Steel alongside its own direct ownership of the firm via a “golden share.” Just this past week, the US federal government announced its 10 percent stake in Intel, the struggling US semiconductor giant. On top of the $7 billion Intel had already received from the 2024 CHIPS Act, Commerce Secretary Gina Raimondo called Intel “America’s champion semiconductor company.”

Stefan Bartl: From Draining the Swamp to Owning Intel: Is the Right Becoming What It Feared?
When the Ballast Shifts

September 17, 2025Addison Wiggin

At 2 p.m. today, the Fed will release its rate decision and quarterly projections. Most expect a 25-basis-point cut.

Bond traders are betting more will come before the year’s end. At 2:30 p.m., Jerome Powell will face the press, and investors will parse every word for hints of further easing.

Trump is appealing to the Supreme Court to fire Governor Lisa Cook, after a lower court ruled she could stay while her lawsuit proceeds.

If successful, he’ll gain another seat to fill — tightening his grip on the Fed.

“Officials are expected to lower rates today in an attempt to backstop a shaky U.S. labor market,” Bloomberg reported this morning, “after unrelenting pressure from the president for a ‘big cut.’”

When the Ballast Shifts
It’s Still Early Days for Gold

September 17, 2025Addison Wiggin

With gold prices continuing to push higher – and with central bankers buying hand over fist – gold miners should continue to see expanding profits.

That’s in sharp contrast to the rest of the market, where any potential slowdown in AI could cause a break lower.

The Fed, bending to political winds, is likely to join its global counterparts in cutting interest rates today. There’s more yet to the story for gold and the gold miners – as we forecast a year ago.

It’s Still Early Days for Gold
Dave Hebert: How Long Could That $1.8 Billion Powerball Jackpot Fund the Government?

September 16, 2025Addison Wiggin

Our fiscal reality is clearly unsustainable. With the passage of the “Big Beautiful” budget reconciliation bill, Congress has already given itself permission to grow the national debt to $41 trillion. Interest payments on the national debt are already the second-most-expensive item on the federal budget, behind only Social Security (and ahead of defense spending). As the national debt continues to grow, debt service will become our number one spending obligation. History suggests it’s only a matter of time until we hit that limit and, unless things change, once again raise the debt ceiling. This cannot continue indefinitely.

Dave Hebert: How Long Could That $1.8 Billion Powerball Jackpot Fund the Government?