Some economists fear that excessive government debt will lead to an economic crisis and recession. However, the real threat to the economy is Federal Reserve-supported fractional reserve lending that helps to set off an unsustainable boom.
When UnitedHealthcare CEO Brian Thompson was gunned down in cold blood in New York City, progressive elites either cheered the murder or refused to condemn it. The so-called leadership class is unable to lead.
Bob responds to flawed arguments about trade deficits.
Socialists have always tried to hide the true nature of socialism, presenting it as a mechanism to advance freedom when, in fact, it destroys liberty. Socialism needs to be unmasked.
Austrian economists agree that ending the Federal Reserve System would be a major step forward in reclaiming sanity in government spending and bolstering the US economy. Here is one plan to make ending the Fed a reality.
The philosopher Karl Popper was a strong critic of Marx, his system, and especially his reliance on historicism. Unfortunately, as David Gordon points out, Popper supported economic interventionism as a viable “third way” for social organization.
Contrary to many historical narratives, pre-colonial African countries did have sophisticated diplomatic traditions. The Igbo people of what is now southeastern Nigeria are well-known for their highly-developed system.
President Trump has suggested that the government eliminate the personal income tax and replace it with tariffs. While some may champion that proposal, the truth is that it is much easier to add a new tax than it is to eliminate it.
According to an outmoded US law, the American government must account for the more than 8,100 tons of gold it owns at the now completely irrelevant price of $42.22 per ounce.
Our current paper fiat money system comes from a long process of building up state power that destroyed private money, ended truly private banking, and abolished the market system of competing currencies. It took 300 years, and we are now facing the inflationary results.
