Fannie and Freddie were long quasi-government corporations that typified the corrupt union between the feds and corporate America. But now it looks like both companies are just full-on government corporations.
However one may feel about immigrants, both historical experience and an honest reading of the US Constitution makes it clear that the federal government is not, in fact, empowered to enforce immigration.
Local governments now control child adoption in America. A recent Supreme Court ruling highlights just how political and capricious local officials can be in exercising this power.
Benjamin Rush was indecent enough to let slip the admission that the Constitution was a national government that ultimately eliminated the states. The other Federalists knew that it was not polite to admit this in public.
Powerful federal politicians have many ways of expressing their displeasure with America's private sector, and this is partly why we so rarely hear any real criticism of the feds from corporate America.
Empowering state legislatures—or worse, the federal government—to abolish local regulations would be a grave mistake.
Political candidates are offering endless government spending and "free stuff" for everyone. But at the same time, governments appear incapable of performing even basic duties like ending street riots.
That gold was used as money in the past is merely a historical fact. But the fact that gold was a form of private money, and thus not easily manipulated for government schemes, made it a target of countless intellectual and governmental assaults.
Today, the political system really is in many ways what H.L. Mencken suggested when he described elections as a sort of "advance auction of stolen goods." The only answer lies in reducing the number of stolen goods available.
Price "stability" has never been a feature of a free marketplace. Stability is an obsession of central banks, and the day may come when central bankers intervene to "stabilize" crypto prices. That will be a bad thing.
