When governments go to war, the nation’s monetary system usually descends into the pit of inflation. The War of 1812 was no exception, and its monetary excesses led to the Panic of 1819.
Activist pro-immigration groups in Great Britain, while being heavily funded by government money, are using that money to stop orderly immigration and replace it with chaos. Taxpayers are not only on the hook to fund these groups, but also bear the brunt of immigration failures.
Despite all of the adverse publicity about how police regularly abuse asset forfeiture laws, no one in law enforcement is ashamed enough to stop this outright thievery of money and property from vulnerable people.
We may be governed by incompetent elites, but even they have not taken away our free will and ability to think for ourselves. We can look to Mises and Rothbard for inspiration.
Christianity Today and other Christian publications are touting a book that claims to be based upon “biblical critical theory.” It’s yet another version of Marxism that is neither critical nor biblical. It’s just more Marxism.
While “wokeness” seems to be a new phenomenon, the problems are tied to a sixty-year-old “landmark” law: the 1964 Civil Rights Act. This law, unfortunately, promotes government tyranny in the name of freedom.
Princeton “historian” Allen C. Guelzo’s newest hagiography of Abraham Lincoln focuses on Lincoln’s supposed love affair with commerce, albeit “commerce” based upon protectionism and government tariffs. As David Gordon notes, Guelzo has a problem getting his economic history correct.
As the federal government's debt approaches $35 trillion, default one way or another is inevitable. Many US states already have used that method to eliminate their debts.
In a recent interview with 60 Minutes, Fed chairman Jerome Powell gave assurances that the US banking system is sound. Ben Bernanke also claimed almost twenty years ago that real estate markets were not overextended. The hubris must be in the water at the Eccles Building.
Behavioral economics operates on the assumption that human emotions play an important role in determining economic choices. However, while all of us have emotions, we ultimately use reason to determine what we need to sustain our lives.
