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President Trump’s recent executive order, “Protecting the Meaning and Value of American Citizenship,” denies that the 14th Amendment grants automatic citizenship to children of illegal aliens born on U.S. soil. Furthermore, it directs the U.S. Department of State and federal agencies not to recognize those children as citizens nor grant them such privileges of citizenship such as being issued U.S. passports.

Numerous scholars have weighed in against the arguments presented in Trump’s birthright citizenship executive order. They claim that a plain reading of the 14th Amendment, along with its historical context and the practice of citizenship both before and after its passage, and the Supreme Court’s decision in U.S. v. Wong Kim Ark (1898) are incontrovertible proof that birthright citizenship is an absolute right under the Constitution.

On this episode of Dollars & Sense, Greg and Elinor discuss the December quarter inflation figures, the political battle over the economy, and Dutton’s appointment of Jacinta Nampijinpa Price to an Elon Musk-style ‘government efficiency’ position.

This discussion was recorded on Thursday 30 January 2025 and things may have changed since recording.

In Australia, the crisis support service Lifeline is 13 11 14.

Order What’s the Big Idea? 32 Big Ideas for a Better Australia now, via the Australia Institute website.

Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

‘No more excuses: the time has come for the RBA to cut interest rates’ by Greg Jericho, Guardian Australia (January 2025)

It might surprise most Australians to know that Australia’s Vice-Chancellors – the ‘CEOs’ of the today’s corporatised university sector – are among the highest paid in the world.

This was not always the case. In 1985, Vice-Chancellors were already paid quite generously, over $300,000 per year in today’s terms (all salary figures are adjusted for inflation to 2024 dollars). At this time remuneration for Vice-Chancellors was partially regulated through the Academic Salaries Tribunal. In the late 1980s, the Hawke government implemented the ‘Dawkins Revolution’, a range of reforms to the higher education system which included replacement of free university education with HECS and the deregulation of Vice-Chancellor salaries. By 1995, remuneration for Vice-Chancellors in the Group of Eight (Go8) universities had more than doubled, to about $660,000.

By 2023, generosity had become absurdity, and remuneration for Go8 Vice-Chancellors reached nearly $1.3 million per year, more than quadrupling since 1985.

This exorbitant remuneration for Vice-Chancellors is not however improving the learning experience of students. There is no strong relationship between Vice-Chancellor pay and student satisfaction – and if anything those universities with higher paid vice-chancellors are more likely to have lower student satisfaction.

One of many executive orders issued by Trump in the first week of his second term is facing litigatory pushback for allegedly violating two amendments to the constitution by sending trans women to men’s prison facilities and denying them access to necessary medication.

As Australia enters a new school year, a submission from The Australia Institute highlights the growing disparity between public and private school funding, revealing that taxpayers are helping fund lavish private school facilities and the high salaries of private school principals.

In a submission to a New South Wales inquiry into private school profits, the Institute reveals that tax-deductible donations to private school building funds cost the Australian government millions of dollars annually in lost revenue. These funds often go toward extravagant facilities that only benefit wealthy school communities. Examples include:

• Cranbrook School in Sydney, which spent $125 million on a five-story sandstone building featuring an Olympic-sized pool and 267-seat theatre.
• The Scots College, which spent $29 million to renovate its library into a Scottish Baronial-style castle.
• The King’s School paid $15 million for land near Lane Cove National Park for staff and student camps.

The report also exposes the massive pay gap between public and private school principals. While public school principals in NSW earn between $140,000 and $216,000, elite private school principals in Sydney can earn an average of $687,000 annually.

Key Recommendations:

Allison Chapman helps decode the Trump executive orders and their legal ramifications.

This interview is also available on podcast platforms and Rumble.

The year 2008 signaled to many the weak foundations of modern capitalism in the hands of the greedy, untethered financial sector—the “vampire squid” investment banks as journalist Matt Taibbi called them. Rising from the ashes of the crash, these banks used government money—”socialism for the bankers”—to enrich themselves and Big Business. This money never got to the masses. Instead shares were bought back in traditional capitalist industries and an emerging powerful bloc—the Jeff Bezos’s, the Microsoft’s, the Google’s of the world—invested in what guest Yanis Varoufakis calls, “cloud capital.”

When I arrived in Arizona last October to participate in nearly a month of get-out-the-vote efforts, I knew the state would be one of the most fiercely contested battlegrounds in the 2024 presidential election. Joe Biden had won by fewer than 11,000 votes in 2020, making Arizona a potential game-changer for the GOP. Talking to dozens of Grand Canyon State voters—especially younger ones—I became convinced that Donald Trump had tapped into something special. He had connected with the “normies” in a way that leads me to believe Arizona will remain Republican for years to come.

In Arizona, the youth vote—defined as voters between the ages of 19 and 30—proved decisive in Trump’s 2024 election victory. While Trump didn’t win the demographic outright, he made significant inroads, pulling 2% of support away from Kamala Harris and the Democrats. That shift helped him secure the state by a 5.5% margin.

Today’s inflation figures revealed the official CPI is well within the Reserve Bank’s target range of 2% to 3% and underlying inflation is coming down at a solid pace. These figures will have Australians looking forward to a rate cut, but the RBA is making them wait longer than they should.

Every other year before now, the Reserve Bank board would have been meeting next week on the first Tuesday of February. For some apparent reason that has not been shared with the public, the RBA board will only meet in 3 weeks time on the 17th and 18th of February. This will mean that the RBA board will not have met for 2 months since its last meeting – crucially at a time when inflation has been falling and households are dealing with interest rates set at levels that were put in place when inflation was 4.1%, not the current level of 2.4%.

The December quarter inflation figures reveal just how behind the times is the RBA. In the final three months of 2024, overall prices grew just 0.2% – that would annualise to just 0.8%! We are at a point where prices are rising slower than the Reserve Bank aims for them to rise.

Australia’s inflation has also fallen faster than in the USA. This is mostly because Australia’s inflation problem has been helped by government policy.

While some conservative economists have attempted to argue that government spending has fuelled inflation, today’s figures show government policy has directly led to inflation falling.

Read my full toast below:

Ruba, when we met for our first class, gave me a taste of what I would soon discover to be her unique version of a charm offensive. "My friends," she told me, "say you are famous. But I've never heard of you." And there it was, her characteristic brutal honestly, whether I wanted it or not. This was followed by unsolicited fashion advice consisting of letting me know that my baggy Brooks Brothers suits made me look fat on the screen and Ruba's peculiar system of classroom incentivization. When I am distracted or unprepared she admonishes me by saying "If you don't focus, I'm not going to charge you."

Before the Coronavirus pandemic gripped the American consciousness in early 2020, America was seized by a pandemic of another kind: a hysteria among the nation’s elites over President Donald Trump’s immigration policies. The frenzy generated by the progressive-liberal press, Hollywood radicals, progressive politicians (both Democrat and Republican), the minions of the Deep State, academics, and law professors was unprecedented.

It was driven, for the most part, by the Trump Administration’s attempts to curtail illegal immigration by the adoption of a zero-tolerance policy for illegal border crossers; significant restrictions on asylum policies; the use of the National Emergencies Act to shift funds allocated for other purposes to build a border war; the use of the “remain in Mexico” policy for asylum seekers while their claims are evaluated; and the end of the long-standing “catch and release” policy.

But nothing engendered as much hysteria as the president’s bare suggestion that, in 2018—the year of the sesquicentennial of the adoption of the 14th Amendment—the policy of granting automatic birthright citizenship to the children of illegal aliens born in the United States should be ended.

I expected the reaction to a recent op-ed I published calling for the end of birthright citizenship to be cantankerous. I even expected it to be hysterical—from the Left. I did not expect self-described “conservatives” to be just as hysterical as the Left, and to use precisely the same terms. “Nativist.” “Xenophobe.” “Bigot.” “Racist.” “White nationalist.” “White supremacist.”

One point I’ve been making for a while is that one faction of “conservatism”—let’s call it the anti-Trump wing, although the phenomenon long predates Trump—sounds and acts with every passing year more like a “conservative” subdivision of the Left. Like the Left, they don’t want to debate; they want to call those they disagree with evil. For what are those epithets supposed to mean, if not “evil”?

Whether or not to have birthright citizenship for the children of noncitizens is one such fundamentally political question. But like so many other political questions, this one is ruled out of bounds by scholars, lawyers, experts, pundits, and professional moralists.

The American people did not willingly, knowingly, or politically adopt birthright citizenship. They were maneuvered into it by the Left and by the Left-allied judiciary. They’ve never debated it or voted on it. They’ve simply been told that it’s required by the Constitution.

Universities in Ohio value DEI over academic programs. From looking at the program reviews that three notable universities in the state recently undertook, however, this is not immediately obvious.

By all appearances, these institutions made assessments based mostly on budgetary metrics. Kent State University announced a four-year plan to cut nearly $70 million from its budget. The University of Toledo is suspending or consolidating 48 degree programs to save more than $21 million. Miami University has cut or consolidated 18 programs according to its new program prioritization process.

Programs with low enrollments, fewer majors, high faculty-to-student ratios, and little grant potential are also being put on the chopping block. While humanities used to have some of the highest enrollment numbers compared to other departments, they have seen enrollments collapse in the last several decades.

On my last Q&A, a commenter asked me how I prevent myself from partaking in tribal hatred of the other, and instead focus my critiques on centers of power. I replied by discussing the nature of good & evil, and how both manifest within all of us, as well as in the most dire, distressful times. I repeatedly experienced this—the "miracle of human kindness"—as a war correspondent.

Bottom-Up Shorts: How To Incrementally Improve Your City's Zoning Laws

 — Organisation: Strong Towns — Tuesday 28th January 2025

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Does Restricting Treasury Purchases to the “Open Market” Matter? Long Forgotten & Secret Federal Reserve Memo Says “No”. #MonetaryPolicy201

 — Author: Nathan Tankus — Publication: Notes on the Crisis — Tuesday 28th January 2025

#MonetaryPolicy201 is a monthly series about the basics of monetary policy. It’s a “201” series because I will be grounding the basics of monetary policy on their largely forgotten legal foundations. The beginning of this series will focus on various aspects of the question: “What is Money Finance”? This is the Second Part, find Part 1 here. You will need a paid subscription to read the full series. You can subscribe here. Your reader support which makes my Freedom of Information Act project, archival research and general writing possible. 

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Lessons from Australian Cities: How Limited Powers Shape Dynamic Capabilities

 — Organisation: UCL Institute for Innovation and Public Purpose (IIPP) — Monday 27th January 2025

By Bec Chau, Dan Hill and Daniel Pejic

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How Do You Build More Housing When No One Wants Neighborhood Change?

 — Organisation: Strong Towns — Monday 27th January 2025

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America’s “Grand Housing Bargain” Is Broken. It’s Time for a New One.

 — Organisation: Strong Towns — Monday 27th January 2025

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