I find the self-anointed gatekeepers who claim to be the sole arbiters of the truth very amusing (also pathetic). Apparently if you want to accumulate unsustainable deficits, inadequately fund liabilities, print an infinite amount of money, and engage in never-ending...
deficit
Why Is Everything Getting So Expensive?
by Richard Ebeling | Jan 3, 2023 | Economics, Featured Articles
The United States and most of the rest of the world are, once again, in the midst of an inflationary crisis. Prices in general are rising at annualized rates not experienced by, especially, the industrialized countries of North America and Europe for well over 40...
Five Must-Know Facts About the Disastrous New Omnibus
by Romina Boccia | Dec 22, 2022 | Featured Articles
Just as I predicted back in October, Congress pushed its discretionary spending deadline back by one week, from December 16 to December 23. This comes as no surprise as congressional leadership is once again trying to ram through a massive omnibus bill before the year...
Turning Down the Noise in the CPI Numbers
by David Stockman | Dec 15, 2022 | Economics, Featured Articles
So the talking heads of bubblevision think inflation is abating, but what about this: Federal revenues in November posted at $252 billion—10.3% below last November—while spending came in at $501 billion. And the latter included an ominous +53% rise in Federal debt...
No, Tax Cuts Don’t Cause Inflation
by Daniel Lacalle | Dec 14, 2022 | Economics, Featured Articles
The narrative to attack any tax cut and defend any increase in government size is reaching feverish levels. However, we must continue to remind citizens that constantly bloating government spending and increasing the size of monetary interventions are some of the...
The ‘Mother of All Economic Crises’
by Ron Paul | Dec 13, 2022 | Economics, Featured Articles
Nouriel Roubini, a former advisor to the International Monetary Fund and member of President Clinton’s Council of Economic Advisors, was one of the few “mainstream” economists to predict the collapse of the housing bubble. Now Roubini is warning that the staggering...
America’s Insolvency is Mandatory
by Stark Realities with Brian McGlinchey | Dec 1, 2022 | Economics, Featured Articles
In October, the U.S. national debt reached $31 trillion, and the government is projected to wade another trillion dollars into the red in the 2023 fiscal year. The longer-term picture is even gloomier, with the deficit expected to double to $2 trillion by 2030....
Our Economic System Is Built To Enrich the 1%
by Jeffrey Wernick | Nov 29, 2022 | Economics, Featured Articles
I would like to attempt to describe our economic model since we abandoned sound money and any constraints upon our ability to print IOUs (or what most refer to as dollars without any understanding of what that really means). Before, there was mandated fungibility...
When $5 Trillion Is Not Enough
by Laurence Vance | Nov 28, 2022 | Featured Articles
The federal government seized from the American people almost $5 trillion ($4.896119 trillion) in fiscal year 2022 (Oct. 1, 2021 through Sept. 30, 2022), according to The Monthly Treasury Statement of Receipts and Outlays of the United States Government (MTS),...
2022 Was Another Nail in the Modern Monetary Theory Coffin
by Connor O'Keeffe | Nov 14, 2022 | Economics, Featured Articles
It’s been a rough year for advocates of modern monetary theory (MMT). After nearly two years with all the budget deficits and money printing MMTers could have wanted, the doctrine’s popularity seems to have faded now that we’re well passed the honeymoon phase. Twenty...
Ukraine Plans to Create ‘Israel-Like’ Arms Industry To Produce NATO-Caliber Weapons
by Kyle Anzalone | Nov 12, 2022 | News
Kiev is planning a buildup of its weapons industry to produce more sophisticated arms, with Ukrainian Defense Minister Oleksii Reznikov saying government takeovers of several companies will help Kiev to create an “army of drones” and other NATO-caliber weapons.
The Midterms Made a National Divorce Inevitable
by Ryan McMaken | Nov 10, 2022 | Featured Articles, Politics
The votes are still being counted, but one thing is already clear: very little will change in Washington after this election. The House of Representatives will likely be controlled by Republicans, but the majority enjoyed by the GOP in the House will be small. This...
News Roundup 11/10/2022
by Kyle Anzalone | Nov 10, 2022 | News Roundup
US News Biden says Elon Musk’s foreign relationships should be looked at. NBC Cybersecurity and Infrastructure Security Agency said there were no threats to the midterms that undermined the integrity of the results. Def One The Pentagon plans to award a $9 billion...
News Roundup 11/6/2022
by Kyle Anzalone | Nov 6, 2022 | News Roundup
US News The US lacks oversight for tens of millions in military assistance it has given to Central American countries. AJ Russia Ukraine’s parliament on Thursday overwhelmingly passed a draft “victory” budget for 2023 that includes a record $38 billion deficit that...
Blog
Reminder: Volodymyr Zelenskyy Almost Started a World War Based on a Lie
On November 15th, the Associated Press reported that "A senior U.S. intelligence official says Russian missiles crossed into NATO member Poland, killing two people". Since Poland is a member of the North American Treaty Organization, that would mean that America along...
Christopher Hitchens Lied About the Cause of Terrorism
"The suicide murder community is almost perfectly faith based." - Christopher Hitchens On Real Time With Bill Maher, Hitchens claims that because an Islamist in the 1800's used the Koran to justify atrocities, it means that today the issue with Al-Qaeda is due to the...
War is a Euphemism for Mass Murder
To kill one man is to be guilty of a capital crime, to kill ten men is to increase the guilt tenfold, to kill a hundred men is to increase it a hundredfold. This the rulers of the earth all recognize, and yet when it comes to the greatest crime — waging war on another...
Empower the Working Class: Abolish Occupational Licensing
It's time to consistently apply the "my body my choice" principle. If consenting adults want to engage in economic activity, no third party should forcibly stop them. Democrats always say "voting once every two years between two politicians is how you express...
Death By Climate: Down 97% in Last 100 Years
Our schools provide many hours of lessons on climate change, but I wonder how many teachers, let alone pupils, are aware that climate-related deaths have decreased by as much as 97 per cent over the past 100 years, as the OFDA / CRED data show. - Why don’t we ever...
Black Youth Unemployment: Before and After Progressives Started “Helping”
A constant trend is progressivism is to use the state to coercively control others under the guise of "helping" them, make things worse, then ignore the problems you caused and never apologize. Sallie Mae loans didn't make college affordable. The Federal Reserve...
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