The Revolution of 1935
Social Security was a revolution that shifted the responsibility for income maintenance from the private to the public sector.
Social Security was a revolution that shifted the responsibility for income maintenance from the private to the public sector.
Central bankers are moving heedlessly toward what Ludwig von Mises called "crack-up boom."
Many Americans now lack even small amounts of savings to deal with life emergencies. This is a triumph for Keynesian economics.
The war on cash is a war on commerce, or rather, on any commerce that can't be monitored and controlled by government.
The real question about an American default has always been less a matter of if, and more a matter of how and when.
Unfortunately for us, James Grant is right.
It's vital to debunk promises of "free stuff" but we often concentrate too much on the "free," and not enough on the "stuff."
Secretary of the Treasury, Jack Lew, released the government's audited financial statement and it make Bernie Madoff's books look like Warren Buffet's financial statements!