According to new reports from the Social Security and Medicare trustees, Social Security and a Medicare fund that pays for hospital expenses will both begin running deficits in 2035 and 2036. Disappointingly, but not surprisingly, Congress was too preoccupied spending billions more on military aid for foreign countries and banning TikTok to pay attention to the looming bankruptcy of the two largest federal entitlement programs.

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 conger up a more diabolical tale than the Bloomberg story penned by Laura Nahmias and Eliyahu Kamisher.

Washington’s interventionist and bipartisan foreign policy blob in recent weeks has pushed two new and despotic pieces of legislation. Both are designed to consolidate even more federal power in the name of combatting various alleged foreign enemies. 

There have been all manner of land disputes over the course of human history, but one type of conflict that seems to surface time and again is a situation in which nonowners are suddenly barred from land that they have always had free access to.

Millions of American “evangelical” Christians have been indoctrinated in the idea that they must be worshipful of Israeli politicians and bureaucrats. This is so because they are taught by preachers like John Hagee that the Bible says that God will bless those who bless the nation of Abraham. The absurdity of it all is that pop religionists like Hagee falsely conflate the Israel of the Bible with today’s politicians and bureaucrats of the seventy-six-year-old government of the country of Israel. The two have nothing whatsoever to do with each other.

The debate over publicly funded welfare can be solved very quickly. There is constant demand for more welfare: more money for longer periods of time for those out of work, more money for the handicapped and a more liberal definition of what is considered to be handicapped, more money for the disabled (which assumes that the recipients once were not disabled) and more categories for what is considered to be a disability, and larger increases in Social Security payments in order to keep up with the deterioration in the purchasing power of the dollar.

Why does the dollar bill in our pocket have value? The value of money is established, according to some experts, because the government in power says so. For other commentators, the value of money is on account of social convention.

Popular thinking says that lending is banking activity. Banks are believed to be responsible for the expansion of credit. However, is this the case?

The Meaning of Credit

For instance, take a farmer, Joe, who produced two kilograms of potatoes. For his own consumption, he requires one kilogram, and the rest he decides to lend for one year to a farmer named Bob. The unconsumed one kilogram of potatoes that he agrees to lend is his real savings.