The regime is trying to whip up maximum hysteria or the chances that the US government could default on its debts if the debt ceiling is not raised.

So far, the financial markets don’t seem to care that much, as ten-year Treasurys over the past week have barely risen above 1.5 percent, and not even matched last March’s recent high. Investors seem pretty confident that the world will still exist even after default.

But the media and Democratic politicians assure us that any default will bring about a second Great Depression and financial collapse.

Today marks the birthday of Ludwig von Mises, and a chance to double your impact.

Mises was the most important scholar of the twentieth century, a man who not only revolutionized our understanding of economic science, but was also a powerful champion of liberty and property and the greatest enemy of socialists of all kinds.

It’s been said that the war is not meant to be won; but what about America’s recovery from COVID-19? Hearing Fed Chair Jerome Powell speak last week as he held interest rates steady and continued with monthly billion-dollar asset purchases didn’t offer any assurances that victory is on the horizon.

Canadians can mark it on their calendars: Sept. 20, 2021, was Groundhog Day.

In An Inquiry Into the Nature and Causes of the Wealth of Nations, Adam Smith described what he called the Invisible Hand - a metaphor to describe the mechanism of the market and the social benefit that individuals who participate in the market in self-interested ways intentionally and unintentionally serve others.

The Biden administration’s rhetoric on the debt ceiling has become nothing short of apocalyptic.

According to popular thinking, it is held that by means of statistical and mathematical methods one can organize historical data into a useful body of information. This in turn can serve as the basis for the assessments of the state of the economy. It is also held that the reality is elusive. Hence, it is not possible to know its true nature.