To stay in power, governments have to keep spending money. They need to give money to their friends, to give money to their supporters, to carry out their various projects, and—most expensive of all—to have wars.
The Ken Burns theme that the creation of the U.S. Constitution saved this country from “chaos” exaggerates the difficulties the new nation faced under the Articles of Confederation and fails to comprehend where the Articles were successful.
Zohran Mamdani held his mayoral swearing in ceremony at the now-abandoned City Hall Station that was a feature of the first New York Subway built in 1904. Unfortunately, city officials deliberately drove the subway company into insolvency and then took over.
Donald Trump’s war against Venezuela is truly a racket, as it looks to be little more than an attempt to loot the nation of Venezuela’s natural resources in the name of “liberation.”
The US’s bombing of Caracas reiterates three key foundations of American foreign policy: the Constitution is dead, democracy is irrelevant, and the “rule of law” doesn’t matter.
Sensing the dangers of tyranny by the majority, John C. Calhoun developed the doctrine of the concurrent majority which served to limit the powers of government.
While most economists believe that central banks set interest rates, in reality, they are set by time preferences of individual actors in the economy. Central bank influences on interest rates ultimately result in setting off boom-and-bust cycles.
From war to tariffs to inflation, it is clear Donald Trump is a devoted disciple of the ideology of statism and interventionism. The fact he’s better than the atrocious Kamala Harris doesn’t change this.
Even Milton Friedman—who never supported gold as money—admitted that a monetary system based on gold would “take care of itself.” Instead, our money is created and manipulated by the politicized hand of government and is based on theft.
President Trump’s latest national security initiative is unlikely to make the US secure from outside danger. For that matter, Trump’s own internal policies are making this country less secure.
