The Lessons of the 1920–21 Depression
James Grant has shown us how the only sure cure for depression is deflation and liquidation of overblown resource and asset prices.
James Grant has shown us how the only sure cure for depression is deflation and liquidation of overblown resource and asset prices.
This week has been marked by devastating illustrations of why so much of the public distrusts the institutions of the state.
Never constitutional, the FBI was formed to compete against more effective private agencies. It now functions to wage political war against its enemies and protect its own interests.
Not surprisingly, the Supreme Court — part of the US government — recently decided to expand the powers and privileges of the US government.
When a pundit refers to "gun violence" when the discussion is about homicide, they're usually trying to hide something.
Since the Revolution was a people's war, the extent of mass participation in the militia and committees led necessarily to a democratizing of suffrage in the new governments.
Some people seem to think the Constitution of 1787 is pretty much the same thing as the Declaration of Independence. They're wrong.
When I was a kid, I loved Independence Day. Now it just makes me sad.
During Friday's bloodbath a CNBC anchor lady assured her audience that Brexit wasn't a big sweat. That's because it is a political crisis, not a financial one.
The fact that the US government can tax citizens directly makes the act of state secession far more difficult.