After ninety-nine years in business, Yellow, one of the nation’s biggest trucking companies, shut down. The company has more than twelve thousand trucks and employed thirty thousand, with twenty-two thousand of those jobs held by Teamsters.
[The Right: The Hundred-Year War for American Conservatism. By Matthew Continetti. Basic Books, 2022. 503 pages, Amazon Kindle Edition.]
The middle class in all developed economies is disappearing through a constant process of erosion of its capacity to climb the social ladder. This is happening in the middle of massive so-called stimulus plans, large entitlement programs, endless deficit spending, and “social” programs.
As I was reading an editorial in the Washington Post yesterday condemning Russia for its war of aggression in Ukraine and the torture of Ukrainians, I just kept asking myself: Why isn’t the Post condemning the U.S. government for the same thing? And yet, not one single mention of what the U.S. government did to the people of both Afghanistan and Iraq.
The south edge of Elkhart, Kansas (population 1,884) is the Kansas-Oklahoma state border, and the city is just 8.5 miles from the Kansas-Colorado border. As removed as Elkhart is, the Kansas Office of the State Bank Commissioner showed up Friday (July 28th) along with the FDIC to close Heartland Tri-State Bank.
The prevailing orthodoxy among many observers of the economy right now is that the job market remains tight, and therefore the economy is in great shape.
The Austrian(TA): What is the global currency plot, and who benefits most from the success of this effort?
Economic growth in the United States accelerated to a 2.4 percent annualized rate in the second quarter of 2023, picking up from 2.0 percent in the first quarter, and climbing well above the 1.8 percent rate predicted by economists. Many analysts are surprised that the US economy has continued to expand at a robust pace despite the Federal Reserve’s (Fed) aggressive tightening on monetary policy.
From war across the globe to regulating speech to printing trillions of dollars, the American regime accepts no limits on its power. As Ludwig von Mises understood, the state will take as much power as the people will let it, and in recent years the American regime has clearly concluded it can get away with unilaterally adopting vast new powers.
Join the Mises Institute in Nashville on September 23rd for an event inspired by this siege of power and one of Ron Paul’s favorite lines: truth is treason in the empire of lies.
