Aron Ravin, a self-described “nudnik,” who writes for National Review thinks so and I suspect others do as well. This thinking, however, is that of an ever-shrinking minority and it is hard to imagine the pro-legalization trend being reversed. Nevertheless, let’s look at the arguments and why he claims libertarians are so wrong on this issue. 

Our Federal Government’s Balance Sheet: Putting the Cart Before the Horse

The Financial Report of the U.S. Government for 2020 included a balance sheet with $6 trillion in assets and $33 trillion in liabilities, leaving a negative net position of about $27 trillion. Those reported liabilities exclude tens of trillions of dollars of unfunded obligations in Social Security and Medicare under current law and policy, indicating the $27 trillion in negative net position is far too optimistic.

A few months ago US national debt exceeded $28 trillion. This number is certainly the one economists usually work with, but does this figure capture a long-term perspective?

“You gather the idea that Mauritius was made first, and then heaven; and that heaven was copied after Mauritius.”
– Mark Twain

Since its rebirth as an independent state in 1968, this paradisaic island has been touted as a paragon of democratic political institutions promoting rapid economic growth and motivating its citizens to overcome divisions of religion, language, ethnicity, and region of origin. It is looked up to as an example of thriving democracy and constitutionalism in the aftermath, most recently, of Dutch, French, and British colonization.

In the coming decade of heightened political tension, cartographers may have to make serious adjustments to the borders of several American states.

The American left’s desire to micromanage activities ranging from people defending themselves to relying on cheap, nonrenewable energy sources has provoked a significant backlash. And it’s not just manifesting itself in the form of an average political protest or a regular election to vote the proverbial bums out.

In January 2020, Hubei and more than a dozen other provinces in mainland China implemented totalitarian lockdown measures, such as the closure of schools and workplaces, and strict restrictions on travel and mobility, including the suspension of all public transport, the cancellation of flights, blocking train and bus routes, and closing highway entrances. Efforts to bring the outbreaks under control in these provinces also included mask mandates and strict stay-at-home orders.

This month marks fifty years since President Richard Nixon closed the “gold window” that had allowed foreign governments to exchange US dollars for gold. Nixon’s action severed the last link between the dollar and gold, transforming the dollar into pure fiat currency.

Since the “Nixon shock” of 1971, the dollar’s value — and the average American’s living standard — has continuously declined, while income inequality and the size, scope, and cost of government have risen.