As much as its proponents brandish accounting tautologies and purely descriptive claims about government finance, in the end it is 100% political. Their framework is about giving the State maximum power—power to expropriate and power to override what would prevail in unhampered markets.
"The state is the greatest monopoly of all; it can brook no rival or colleague in its domain; it is necessarily sole and supreme."
This article is adapted from a lecture delivered to the Federalist Society:
This week, the House passed H. R.
It is the waning days of the Sunak premiership, and the Conservative party still has a stonking majority despite its cataclysmic capitulation in th
The Fed presumably has an “implied guaranty” from the Treasury, but it seems certain that Congress never dreamed that the Fed could experience the losses and the negative capital that are now reality.
President Biden’s campaign will continue using the popular social media site TikTok even though the president supported a provision in the military
April 22 was Earth Day.. Brain-dead “President” Biden issued a proclamation about it. This said:
In nature everything has a cycle. Birth, growth, maturation, death. Everything, including the planets and stars. Nothing stays the same.
A version of this article first appeared as an exclusive update to RPI subscribers.
