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The global economy is heading towards a “liquidity trap” that could undermine central banks’ efforts to avoid a future recession according to Mark Carney, governor of the Bank of England. In a wide-ranging interview with the Financial Times (January 8, 2020), the outgoing governor warned that central banks were running out of ammunition to combat a downturn: If there were to be...

If you wonder what the post-Trump Republican Party will look like, take a glimpse at Tom Cotton, one of the US senators from Arkansas (where I live). Cotton has waged a relentless campaign for war against Iran and has supported every horror produced by the US foreign-policy establishment for the last 20 years. He makes other American hawks look...

Richmond, VA — Since last month, tensions have been escalating in Virginia as lawmakers prepared a slew of gun laws that would have drastically changed the landscape of the state’s view on the Second Amendment. Protests have erupted, police officers have parted ways with the state government promising not to enforce gun bans, and on Wednesday, the hostility between...

Ricky Gervais dropped his bombshell comedy act on Hollywood’s elite at the Golden Globes, and it’s raising some interesting questions. Should Hollywood stars be opining on their particular platforms? This isn’t a comment on the politics of free speech. Clearly, they have the political right to do as they please, provided that the private property owners acquiesce. It’s more of a...

If you tell police they can go into your home, does that mean they can also legally stand outside and pepper it with shotgun-fired tear gas grenades—destroying everything inside? That is the question asked by a petition to the Supreme Court of the United States filed today by the Institute for Justice (IJ) on behalf of Idaho resident Shaniz West. Shaniz’s nightmare started...

Trump's threats on Iraq seem to have delayed troop ouster After repeated threats from President Trump to sanction Iraq, to seize its primary bank account, and cut all military aid, Iraqi PM Adel Abdul-Mahdi has backed away from calls to expel US troops from Iraq. Iraq’s parliament voted 170-0 earlier this month on the ouster, though US officials have said they...

Seventy years ago, on January 8, 1950, one of the most famous economists of the 20th century passed away at the age of 66, Joseph A. Schumpeter. During and after his lifetime, he has been identified with two related ideas, the notion of the innovative entrepreneur and the imagery of the competitive market as a process of creative destruction. He...

As Eisenhower predicted, there is no balance left, as U.S. policy is reduced to who we threaten, bomb, or occupy next. January 17 marks the 59th anniversary of President Dwight Eisenhower’s farewell speech to the nation. After eight years in the White House, just three days before John F. Kennedy would be sworn in as his successor, Ike went on...

The Trump administration ran an Obamaesque budget deficit of over $1 trillion in the 2019 calendar year. It was the first budget deficit over $1 trillion in any calendar year since 2012. The budget shortfall from January through December totaled $1.02 trillion, according to the latest report issued by the Treasury Department. That was a 17.1 percent increase over the 2018 deficit,...

You may think “fake news” is a fairly recent development made possible by the internet and social media. But a little over 100 years ago President Woodrow Wilson created an official fake news agency to persuade the American people to support the United States entry into WWI. But first a little perspective on what drove Wilson’s unorthodox methods. Woodrow Wilson was...

“’Saul, why do you persecute me?’ (Acts 22.7). This is the fundamental question. Christian conversion is our discovery that we are persecutors without knowing it. All participation in the scapegoat phenomenon is the same sin of the persecution of Christ. And all human beings commit this sin.” – Rene Girard, Evolution and Conversion (142) We discovered the scientific method because we...

One of the lasting legacies of the economic collapse a decade ago is subprime. After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Everything is subprime nowadays, as banks, finance companies, and unconventional lenders are less averse to risk and are willing to extend credit to consumers with low...

Any conversation about American liberty should begin and end with the false notion that the United States Constitution was written for the purpose of protecting that liberty. The opposite of course is true. This was a document in the form of a contract written by powerful men in secret, in the dark of night, and behind closed and locked...

President Trump’s decision earlier this month to assassinate Iran’s top military general on Iraqi soil – over the objection of the Iraqi government – has damaged the US relationship with its “ally” Iraq and set the region on the brink of war. Iran’s measured response – a few missiles fired on an Iraqi base after advance warning was given...

With the U.S national debt currently sitting a little above 23 trillion, there is still a lot of debate about how we got here and whether or not this accumulation is sustainable. Most people in Congress responsible for the matter see it as a problem, stating that “we don’t have the money to pay back our debts.” Though their...