During February 2021, year-over-year growth in the money supply was 39.1 percent. That makes February the eleventh month of remarkably high growth in the wake of unprecedented quantitative easing and "stimulus."
Shays' Rebellion was used by counterrevolutionaries like Alexander Hamilton to push the new centralist constitution of 1787. But Jefferson, on the contrary, concluded such uprisings were "medicine necessary for the sound health of government.”
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.
In Las Vegas, airline passengers plummeted 64 percent during 2020, and the convention business has collapsed. For Vegas, there are troubling signs that the world is not in a hurry to spend freely on extravagant face-to-face meetings.
Lockdowns advocates claim fear of the virus is really what kept people home—and has thus led to the economic destruction of the past year. But they also claim that without forced lockdowns, people will quickly go back to normal. Both can't be true.
Forty years ago, the US had almost no legal concealed carry. Then over just a few decades, eighteen states adopted full-blown "constitutional carry" provisions, with many other states adopting concealed carry provisions as well.