The 1929 Financial Thriller and the “We Can’t Help Ourselves” Theory of Financial Mania
In time for the autumn blues last year, Andrew Ross Sorkin delivered a riveting doorstopper-sized account of the fateful year 1929. What most people know about the 1920s revolves around endless optimism, dancing, underground bars, and speculative financial fevers.
The Essence of Action and Liberty
“These are men who fight so that the product of their industry should not be the spoils of those who enslaved them; it is an ignoble war. The war waged by Pompey against Caesar charms us; its object is to discover who will be the party who will tyrannize the world; it takes place between men equally incapable of subsisting by their own efforts; it is a noble war. If we trace our opinions to their source, we will find that the majority have been produced by our enemies.”—Charles Comte, De l’organisation sociale, pp.
Trump’s Embrace of Economic Leftism Will Destroy the Legacy He’s Desperately Trying to Build
In his second term, Trump is clearly focused on building his legacy.
We Can Have Unity or We Can Have Freedom. We Can’t Have Both.
The idea of political unity has long been a popular trope and slogan in politics. “He’s a uniter, not a divider” is a sentiment that many American politicians like to cultivate about themselves. Over many centuries and across many jurisdictions we encounter the claim that unity is a political virtue, and that anything that “divides us” must therefore be condemned. Some even label opposition to unity as a type of treason.
Why the Federalists Hated the Bill of Rights
The Constitution had been ratified and was going into effect, and the next great question before the country was the spate of amendments which the Federalists had reluctantly agreed to recommend at the state conventions. Would they, as Madison and the other Federalists wanted, be quietly forgotten? The Antifederalists, particularly in Virginia and New York, would not permit that to happen and the second convention movement, led by Patrick Henry and George Mason in Virginia and proposed by the New York convention circular letter, was the Antifederal goal.
The Mirage of Public Finance: Italy’s Budget Bill
On December 30, 2025, the Italian Chamber of Deputies finally approved the 2026 budget bill drafted under Giancarlo Giorgetti, Minister of Economy and Finance in the government led by Giorgia Meloni. Now that the bill has become law, the administration is moving forward with its implementation.
Trump’s Latest Regime Change Target
What does the Federal Reserve have in common with Venezuela and Greenland? It has been targeted by President Trump for regime change.
The Justice Department recently launched a criminal investigation into whether Federal Reserve Chairman Jerome Powell lied to Congress about the costs of renovating the Federal Reserve’s offices.
Many believe this investigation was launched in order to support President Trump’s effort to replace Powell, who he nominated to be Fed chairman in 2017, with a Fed chairman who will accommodate President Trump’s demands for lower interest rates.