Overall, 64 percent of respondents sad that Trump’s decision to go to war with Iran was the wrong decision. 70 percent of Republicans approve. 

Annual US public spending has been in deficit for decades. As a result, total US debt continues to increase year after year with no end in sight. The end may not be in sight but the debt cannot continue to grow forever. We just don’t know when markets will shed the dollar, although the process may already be underway. In this brief essay, I will not point out all the disastrous consequences except that they are disastrous and will happen.

It is maintained by most experts that a general fall in prices, called deflation, is “bad news” for the economy because it postpones people’s buying of goods and services. This, in turn, allegedly undermines investment in plants and machinery. All this sets in motion an economic slump. Moreover, as the slump further depresses the prices of goods and services, this intensifies the pace of economic decline. 

According to the former Federal Reserve Board Chairman Ben Bernanke,

There is a persistent belief in modern political life that systems fail because they become fragile. Institutions, it is assumed, weaken under pressure and eventually break down. This intuition is not just incomplete—it is backward.

Systems do not fail when they become fragile; they become fragile because they have already lost contact with the realities they claim to govern. What appears as stability is not strength, but the final illusion of a structure that can no longer correct itself. This is not a matter of conspiracy or intent, it is structural. 

In 2000, the world braced for Y2K. It came with a date and a remedy. There was panic about doomsday but as I and other programmers stretched the year field from two to four characters, apart from scattered hiccups, the lights stayed on. Everything about Y2K was known—the problem, the solution, and the deadline.

Q-Day is something else entirely.

When, and if, freedom progresses in the world, as states hopefully loosen their grip on societies, this process is unlikely to happen evenly. Indeed, a society could conceivably turn libertarian while all the rest of the world continues to practice statist interventionism to various degrees.

One of the most well-known documents produced by the Church in the contemporary era is Pope Leo XIII’s Rerum Novarum, published in 1891.