In January 1956, the iconoclastic leftist American poet Allen Ginsberg wrote “America,” a prose poem that laments the state of the country and the poet’s place in it.

Competition creates service from businesses, and competition produces benefits for everyone. Neither are politics and ideologies exempt from competition, with Republicans and Democrats going door to door for their candidates, having political rallies, or even fighting in the streets. Despite this, these two parties aren’t as different as their supporters may realize. When Ukraine was invaded by Russia, they jumped on the opportunity for possible defense contracts.

Money supply growth fell again in May, dropping to a three-month low. May’s drop continues a downward trend from the unprecedented highs experienced during much of the past two years. During the thirteen months between April 2020 and April 2021, money supply growth in the United States often climbed above 35 percent year over year, well above even the “high” levels experienced from 2009 to 2013. As money supply growth returns to “normal,” however, this points to recessionary pressures in the near future. 

Many see the World War II project to build an atomic bomb as a template for government action to solve what appear to be national economic problems beyond the scope of private enterprise. The analogy fails on several levels.

First of all, the Manhattan Project was not an economic problem per se. It was a military development and procurement problem. There was and still is no commercial demand for a weapon of mass destruction.

Federal Reserve policies attempting to promote economic and price stability are a major cause for the recent acceleration in the consumer prices’ rise. According to popular thinking, the central bank is supposed to promote both steady economic growth and price stability, the economy perceived as a spaceship that occasionally slips from stability to instability.

In the early morning of July 6, an explosion damaged the Georgia Guidestones. Because of the damage, the rest of the monument was demolished for safety reasons. At this writing, it seems that the explosion was the result of purposeful sabotage.