If you’re wondering why you should buy gold or worry about a financial meltdown I have two words for you: Jared Bernstein. He is the Chief Economist for Joe Biden. In a clip from an upcoming documentary “Finding the Money” Bernstein is asked about the federal government’s borrowing process and he stumbles and bumbles, saying “The US government can’t go bankrupt because we can print our own money.” It gets worse from there.
[Dangerous Ground: Squatters, Statesmen, and the Antebellum Rupture of American Democracy by John Suval, Oxford, 2022, 281 pp. ]
Advocates for increased levels of societal safety nets seem to primarily ignore obvious truths of public choice theory, as well as what economic trends have taught humanity for hundreds of years. Adam Smith famously said:
In Against the State, Lew Rockwell emphasizes that the assault on our liberties from the state is not merely “the product of temporary malfunctions. To the contrary, the state is by nature evil.” Rockwell shows that the state is founded on coercion and maintains its power by use of force.
Those who have declared residency in another state cannot spend even a minute beyond the allowed time in either high tax New York or California. And, Big Brother is watching. George Orwell could not conjure up a more diabolical tale than the Bloomberg story penned by Laura Nahmias and Eliyahu Kamisher.
The credibility of free market capitalism is constantly threatened by critics who doubt its propensity for engendering prosperity. Its reputation is battered daily by the venomous pens of left-leaning writers advocating statist alternatives and their conservative allies touting economic nationalism. However, such narratives are frequently punctured by the piercing evidence of empirical data.
The House of Representatives passed the “Anti-Semitism Awareness Act” on May 2, by a vote of 320-91 in reaction to demonstrations on numerous university campuses and elsewhere against the brutal and genocidal policy of Israel in Gaza. The Act has now been sent to the Senate, where it seems certain to pass. This is an extremely dangerous bill that could criminalize the Bible, many Christian Churches, as well as any negative remarks about Israel and Jews.
