The Daily Signal

Are we prepared for the Cold War we’re actually in?



Communist China is deeply embedded in every facet of American life—our economy, academics, and cultural life. For that reason, Victor Davis Hanson warns that we are already in a Cold War against it. 



The Soviet Union had thousands of nuclear weapons. But China, Hanson argues, presents a different kind of challenge—one rooted in infiltration, influence, and integration rather than isolation. Do Americans recognize the scope of the challenge we’re up against? And are we prepared to stand strong? Victor Davis Hanson answers all this and more on today’s episode of “Victor Davis Hanson: In a Few Words.”



“There's an insidious idea that China's not really an enemy because of the massive amount of money that has been invested there. And that means put the Chinese students, the Chinese residents, the foreign investment, and our history of empathy with China; it’s very, very hard to tell people that China is an existential enemy in the way that Russia was. And we all know that they played the DEI woke propaganda card. Especially we saw that with COVID.



“Can you imagine if the Russians bought farmland next to us, high-security military bases? We would have never allowed that to happen. We would have never funded a Russian lab. So there are so many different ways that China has infiltrated the cultural, social, economic, political life, the military life of the United States, that they are much more insidious, much more powerful.”



(0:00) Introduction

(0:15) Comparing the Cold Wars: Russia vs. China

(0:40) The Russian Cold War: Isolation and Espionage

(2:14) China's Unique Position

(3:20) The Cultural and Economic Infiltration by China

(5:34) DEI Propaganda and COVID-19

(6:38) China's Strategic Infiltration and Conclusion



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It’s been five weeks since the U.S. removed former Venezuelan President Nicolas Maduro from power. But the question on everyone's mind is what comes next now that Maduro is no longer in power. 



State Department Deputy Spokesperson Tommy Pigott joined “The Signal Sitdown” this week to discuss the plan to stabilize, recover, and transition power in Venezuela.



Pigott explained the administration's phased approach to Venezuela. 



"First, the stability of Venezuela. Second, the recovery, where you might see the beginnings of investment, in oil infrastructure, for example. Then the third phase being that transition to a longer-term situation where hopefully you have a reliable partner in the region."



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Jerome Powell’s tenure at the Federal Reserve “has been an unmitigated disaster” as his Fed “created a novel monetary framework in 2020 that is proving very difficult to manage and maintain.”



The good news, however, is that Powell’s time at the Fed will be up in May, and his replacement, “inflation hawk Kevin Warsh,” looks much more promising, says E.J. Antoni, Ph.D, The Heritage Foundation’s chief economist.



"If Warsh is confirmed and can clean up the Fed, it will reassure financial markets and help deliver a Main Street boom without inflation or another financial crisis." 



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Jerome Powell’s tenure at the Federal Reserve “has been an unmitigated disaster” as his Fed “created a novel monetary framework in 2020 that is proving very difficult to manage and maintain.”



The good news, however, is that Powell’s time at the Fed will be up in May, and his replacement, “inflation hawk Kevin Warsh,” looks much more promising, says E.J. Antoni, Ph.D, The Heritage Foundation’s chief economist.



"If Warsh is confirmed and can clean up the Fed, it will reassure financial markets and help deliver a Main Street boom without inflation or another financial crisis." 



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Virginia’s recent winter storm brought with it the usual state of emergency announcements along with “the inevitable swooping in” of some politicians going “after anyone who’s price gouging.”



Price gouging laws basically mean things like “batteries,” “tree removal services,” food and water can’t be sold at “unconscionably higher” prices than they were “10 days prior to the storm,” explains Scott Goodman, a defense attorney at The Goodman Law Firm in Charlottesville, Virginia.



“The business or the supplier that can open its books and show that this is what it costs them to get the water [for example] and that the percentage of the profit that they’re adding on top of that when they sell it to a customer is basically the same as it was prior to the state of emergency, that would again, speak to the fact that they’re not price gouging. They’re simply passing along a higher cost that they have to the customer.”



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