Central Bank Digital Currency

Kerby Anderson
Two months ago, I talked about the push toward central bank digital currencies in several countries, including our own. Earlier this month, John Stossel sat down with Governor Ron DeSantis. One of the topics was the US government’s plan for a central bank digital currency.
The governor makes it very clear what he thinks about a CBDC. He warns, “Sometimes government does things that may appear to be benevolent but really are kind of like a wolf in sheep’s clothing.” Instead, he says, “This is a wolf coming as a wolf.”
The Biden administration says a CBDC will “protect consumers, investors … and the environment.” The governor responded that the last statement is a “tell.” The government, he argues, would impose certain criteria. “You’re filling up too much (with gas). Wait a minute — climate change. You can’t be doing that! You bought another firearm?”
Lest you think that would never happen, let me remind you about what happened in Canada to the truckers protesting the vaccine rules. The government blocked their bank accounts. That would be even easier with a CBDC.
Ron DeSantis also questions the legality of a CBDC. “The Federal Reserve has come out and said, we would only do it after consulting with the legislative and executive branches. Ideally, we’d get specific congressional authorization.” The governor responded that this isn’t just ideal, it is constitutionally required.
This debate will end up in Congress. Senator Elizabeth Warren argues that “Legitimate digital public money could help drive out bogus digital private money.” Senator Ted Cruz has already introduced legislation to prohibit the Federal Reserve from developing a central bank digital currency.
It’s time for debate to begin in Congress on the future of digital currency.

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Dirty Dish Rule

Kerby Anderson
The Biden administration is taking aim at nearly every appliance in your home. Three months ago, I talked about the gas stove controversy. But that is just one example of how the proposed Energy Department standards will affect your home. The administration has proposed or finalized new standards for ovens, microwaves, refrigerators, and laundry machines. This is in addition to other rules that will affect furnaces, air conditioners, and lightbulbs.
The latest set of rules will apply to dishwashers. The editors of the Wall Street Journal refer to these as “The Federal Dirty Dish Rule.” The regulations are an attempt to make dishwashers more efficient in terms of energy and water. New appliances must cut energy usage by 30 percent and reduce water use from 5 gallons to 3.2 gallons.
A little history is in order. Back in the Obama administration, dishwasher regulations raised the average price of a machine nearly $100. But trying to make dishwashers more energy and water efficient didn’t make them more efficient at cleaning glasses, dishes, and utensils. One consumer complained that it’s “ridiculous that dishwashers I had years ago worked better than the high-tech ones today.”
Slowing dishwashing times is also a complaint. To meet higher efficiency standards, the machines recirculate water in longer cycles. A typical run time can be two or three hours. Once the cycle is over, many owners may decide to run the dishwasher again. That seems to undermine the administration’s goal of energy and water conservation.
According to the US Energy Information Administration, nearly 20 percent of American households own a dishwasher that is never used. I think it is time for the government to rethink their “dirty dish rule.”

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Home Front 05-24-2023

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Woke Medicine

Kerby Anderson
Wokeness can be found in just about every academic discipline including the recent revelations of woke science. If there is anything more dangerous, it is “woke medicine.” The attack on meritocracy is well documented in Heather Mac Donald’s book, When Race Trumps Merit.
As important as the book is, the danger is driven home by Ann Coulter’s column, “No Biggie, Just the End of Civilization.” Many institutions have dropped their standards, but she decided to focus on the impact on medicine. For example, “the American Medical Association, the American Association of Medical Colleges and the American Association of Pediatrics have all agreed that medicine is racist.” You can find lots of articles in science journals and medical journals talking about racism.
The solution is to lower standards or change standards for medical school. Heather Mac Donald writes “the average score for white applicants on the Medical College Admission Test was in the 71st percentile … The average score for black applicants was in the 35th percentile – a full standard deviation below the average white score.”
Therefore, we shouldn’t be surprised that “medical schools responded by dropping the MCAT for black and Hispanic students.” One medical school offered these students admission based on their “strong appreciation of human rights and social justice.”
One medical institute announced it would spend $2 billion. Was it to find a cure for brain cancer? Parkinson’s disease? Heart disease? No, the $2 billion was set aside to promote “diversity and inclusion in science.”
I think you would agree with me that when it comes to various professions like medicine, I want doctors, nurses, and other health care professionals selected for their expertise not for their skin color.

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