“Democracy is under attack!” I wish I had a fiat nickel for every time I heard some variation of this panic-line these past half-dozen years.
Trump will destroy our democracy!
Our sacred democracy is under assault!
Mostly peaceful protesters are in the streets trying to protect our besieged democracy!
Rioters stormed the Capitol to take down our democracy!
We must have more democratic process in boardrooms—for Diversity, Inclusion, and Equity (DIE)!
The Right to Bear Arms
by Stephen P. Halbrook
New York: Post Hill Press, 2021, 348 pp.
Audrey Kline (audrey.kline@louisville.edu) is associate professor of economics at the University of Louisville.
The near certainty of another 50-bps rate hike at the Federal Open Market Committee (FOMC) next week forces us to consider the monetary system in which we find ourselves; whereby currency debasement is a useful economic tool, that is until it becomes detrimental, which according to the Fed, can only be cured by rate increases.
The US Bureau of Labor Statistics released new Consumer Price Index data this morning, and it shows price inflation in May surged at the fastest rate since 1981. The overall CPI showed prices increased last month at a rate of 8.6 percent, year over year. That’s nearly a forty-one-year high—the highest since December 1981’s CPI surge of 8.9 percent.
As state legislatures clear out and head home for the summer, one reality has emerged: Sound money is a winning issue in the states.
At a time of record-high inflation and geopolitical uncertainty across the globe, states are wisely taking steps to better enable citizens to acquire, sell, and/or use gold and silver.
Today it is conclusive that Africa’s socialist experiments failed, as did the state-led development approach. Not only was the heavily statist approach unable to develop African economies, but it made poverty worse.
It would be easy to write a very negative review of Robert Kuttner’s Going Big (New Press, 2022), but it would be a mistake to do. Kuttner is a well-known progressive economist and the founder of the Economic Policy Institute. He is an ardent New Dealer who regrets that political exigencies, as well as Franklin D. Roosevelt’s own hesitancies, made it impossible for FDR to proceed in as radical a fashion as the times required.
