The covid-19 lockdowns have unexpectedly brought into clear view the fact governors wield immense power over the daily lives of Americans. Some state legislatures have moved to limit this power. Better late than never.
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.”
As the money supply has skyrocketed, money has flooded into stocks, bonds, single-family housing, and crypto. But this doesn't translate into general prosperity for the countless unemployed and underemployed who face rising prices.
A state's borders should change over time to reflect demographic and ideological realities. By denying this, political leaders are effectively saying that the rights of minority populations don't matter.
Negative rates are a huge transfer of the wealth of savers and real wages to the government and the indebted. A tax on caution. The destruction of the perception of risk that always benefits the most reckless.