As reality tells us that federal spending needs to be cut drastically, that means that local projects will need to be funded by states and localities, which means deficit spending is not an option.
US entry into WWI assured a decisive Allied victory, but it also assured a victory for politically-connected US bankers who used the new Federal Reserve System to send newly-printed money to the Allies.
The recent murder of United Healthcare CEO Brian Thompson last month has brought an outpouring of joy from American progressives. Their response is reflective of their hatred for any good or service that is not directly provided by the state.
The Heritage Foundation recently called for sanctions against China and Mexico for their alleged role in manufacturing and distributing fentanyl, and also called for ramping up the drug war. These “solutions,” of course, will only make things worse.
President Trump has discovered a new political hero to idolize: President William McKinley, an imperialist and protectionist.
Government paper fiat money does more than just cause economic havoc. It also is an exercise in profound dishonesty and theft.
2024 was a rough year for the Washington establishment as its control over public discourse continued to collapse. While this is an excellent development, the year also previewed the adoption of a new, more fruitful establishment strategy: co-option.
Argentina President Javier Milei is proposing a new law that would “declare it an imprescriptible crime for the state and the central bank to monetize the public deficit and create inflation.” While it may be politically rejected, it does point to the real dangers of inflation.
On New Year’s Eve 1974, President Gerald Ford snuck in an executive order legalizing private gold ownership, revoking FDR’s previous policies banning gold “hoarding.”
While US historians tend to tell the simple, good-versus-evil story of the creation and implementation of the Thirteenth Amendment abolishing slavery, revisionist historians see a series of complex events in which the political agenda of Radical Republicans dominated the South.
