The Unbroken Thread is an interesting yet ultimately disappointing attack on liberalism. It is mostly a collection of many opinions, with very little in the way of facts or analysis.
Realizing that most voters in Massachusetts were against the new constitution, the Federalists concocted a variety of dirty tricks to ensure a Federalist victory.
It's possible to buy fireworks in Wyoming that are illegal in Colorado. So Wyoming merchants have placed a number of huge fireworks shops about two minutes from the border. It's quite convenient for Coloradans planning to ignore local laws.
Trouble emerges once banks start to engage in lending unbacked by real savings, this gives rise to the expansion of credit out of “thin air.” This in turn sets in motion the menace of the boom-bust cycle.
The answer lies in audacious economic reforms that favor markets and entrepreneurs: liquidate bad investments, let deflation happen, cut government spending, cut taxes, let wages fall.
