About Nick Sorrentino

Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant whose clients have spanned the political spectrum, his work has been featured at Chief Executive MagazineBreitbartReason.com, NPR.com, Townhall, The Daily Caller, and many other publications. He has spoken at CPAC, The Commit Forum, The Atlas Summit, The US Chamber of Commerce, The National Press Club, and at other venues. Sorrentino is the Founder of Exelorix Consultants and a senior fellow at Future 500. He is also the author of the book Politicos, Predators, Payoffs, and Vegan Pizza. A graduate of Mary Washington College he lives just outside of Washington DC where he can keep an eye on Leviathan.

Socialism is a sucker’s bet: 100 Years of Communism’s Bloody Legacy

There are people who believe that the 2008 Crash, a crash that affected many profoundly, was created by the market mechanism. Greed run wild etc etc. And while greed did indeed run wild during the housing boom it was facilitated by a key piece of central planning, a mechanism that Marx himself favored, central banks.

The Fed and its brethren kept interest rates too low for too long and as such created malinvestment on a massive scale which eventually toppled on itself.

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Today’s BIG NINE News Brief from Against Crony Capitalism (4-24-2017)

LINKS

Macron vs. Le Pen — meet the next president of France (CNBC)

Congress returns as Trump pressures Democrats ahead of funding deadline (Reuters)

China Calls for Restraint on North Korea as USS Carl Vinson arrives  (NBC)

Pentagon chief arrives in Afghanistan (The Hill)

Risk Back On as French Vote Ripples Across Markets (Bloomberg)

U.S.

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Today’s BIG NINE News Brief from Against Crony Capitalism (4-21-2017)

Paris shooting: France enlists elite soldiers to guard election booths in wake of fatal attack on police (ABC – Australia)

Trump to sign ‘financial-related’ executive actions on Friday: Sources (CNBC)

South Korea on heightened alert as North readies for army celebration (From Reuters)

Sources: US prepares charges to seek arrest of WikiLeaks’ Julian Assange (CNN)

Ann Coulter’s Berkeley Speech: Lawyers Blast College for Rescheduling During Finals (Hollywood Reporter)

Diet soda study looks at dementia,

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“Local minimum wage hikes cause restaurants to leave or shut down and deter new ones from entering, according to a new Harvard Business School study”

Last year we discussed why a significant rise in the minimum wage in places like Seattle and San Francisco was “good” for wealthy urbanites (you know, it pushes out the undesirables [some might call them “deplorables”] in the name of “social justice”) but was actually bad for those who worked for minimum wage.

Fast forward to now.

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Today’s BIG NINE News Brief from Against Crony Capitalism (4-20-2017)

 

Treasury’s Mnuchin: We’re ‘pretty close’ to bringing forward ‘major tax reform’  (CNBC)

White House plans Obamacare showdown next week  (Politico)

Jason Chaffetz Says He May Not Finish His Congressional Term (The Daily Caller)

Trump administration opens sweeping trade investigation  (The Washington Examiner)

Macron Attacked by French Rivals as Obama Flags His Support (Bloomberg)

German Chancellery Investigated in Probe Into WikiLeaks Sources (US News)

Pavement outside White House shut permanently to public (BBC)

North Korea: We will launch ‘super-mighty preemptive strike’

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Tucker Carlson takes over the 8 PM slot on FOX from O’Reilly (New blood, smaller government blood)

 

Generally, and grading for FOX News, not a bad choice. Carlson is fresh. He understands basic supply and demand economics. He’s smoked a joint or two in his past. He probably won’t call for nationalizing oil wells like O’Reilly did years ago. On the whole, a pretty solid net positive for evening news.

O’Reilly was always way too big government for me.

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When a quarter is actually worth $8*

 

I wrote this 6 years ago for The Liberty and Economics Review. My first website of any consequence. I thought our readers might enjoy reading it.

At the time we were just barely considering climbing out of the depths of the Great Recession and we were seeing a solid (though brief) bit of price inflation. This price inflation was hammered later however by the massive move down in oil prices as OPEC and the US frackers went toe to toe and drove the price of fuel down.

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Today’s BIG NINE news brief from Against Crony Capitalism (4-18-2017)

 

Live: Theresa May calls snap general election for June 8 – latest updates and reaction (The Mirror)

 

Europe’s ‘fear gauge’ is rising ahead of first presidential vote in France this weekend (CNBC)

7 tips for procrastinating taxpayers before the deadline (AJC)

 

US Deploys Two More Aircraft Carriers Toward Korean Peninsula: Yonhap (Zerohedge)

 

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