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The Empire has us on the brink of nuclear Armageddon. The central bank has us flirting with economic-social collapse. Americans are increasingly paranoid of one another and simultaneously invested in wielding the state against one another.

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The State of the American Debt Slaves, Q2 2019

Wolf Richter at Wolf Street. Consumer credit – auto loans, student loans, and revolving credit such as credit card balances and personal loans, but not housing-related debt such as mortgages and HELOCs – grew 5.4%, or by $208 billion, in the second quarter compared to...

The Prohibitionist Credo: Your Life is Ours to Control

The Prohibitionist Credo: Your Life is Ours to Control

In November 1933, abstemious and overwhelmingly Mormon Utah became the 36th state to ratify the 21st Amendment to the Constitution, which sealed the repeal of the 18th Amendment and ended the bizarre social engineering scheme called alcohol prohibition. In voting for...

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