This week the U.S. government reached its 31.4 trillion dollars borrowing limit, better known as the “debt ceiling.” This led to a showdown among House Republicans, President Biden, and congressional Democrats. House Republicans are demanding that President Biden and...
national debt
The Idea of Making a ‘Trillion Dollar Coin’ Is Still Dumb
by Ryan McMaken | Jan 24, 2023 | Economics, Featured Articles
Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We're supposed to be horrified and worried that the U.S. might default on some of its debt. Some commentators will insist the U.S. has never defaulted, and that...
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...
A $31 Trillion National Debt Should Matter To You
by Michael Maharrey | Oct 26, 2022 | Economics, Featured Articles
On Oct. 3, 2022, the U.S. national debt eclipsed $31 trillion for the first time in history. When you factor in unfunded liabilities in Medicare and Social Security, the debt skyrockets to well over $100 trillion. As the Anti-Federalist writer Brutus warned: “I can...
COI #338: Will the Dollar’s Decline Break the American Empire? Guest Mike Maharrey
by Kyle Anzalone | Oct 20, 2022 | Conflicts of Interest
Mike Maharrey, from the Tenth Amendment Center and Schiff Gold, returns to the show to discuss Defend the Guard and America's national debt.
News Roundup 10/7/2022
by Kyle Anzalone | Oct 7, 2022 | News Roundup
US News The White House extends the required breaks for flight attendants between shifts. Tribune The national debt exceeds $31 trillion. Forbes A new poll shows nearly 70% of Americans want to end arms sales to Saudi Arabia and only a slight majority support selling...
Walking the Ruins of Empire
by A.J. Van Slyke | Aug 31, 2022 | Featured Articles
At sixteen I was lucky enough to travel to Italy with my Latin class. The highlight of the trip for me was walking through the ruins of Pompeii. Standing in the shadow of the deadly volcano Mt. Vesuvius, you are keenly aware of the danger staring down at you. We...
Why I Won’t Vote For Donald Trump in 2024
by Alan Mosley | Aug 8, 2022 | Featured Articles, Politics
Will he or won't he? That was the question on people's minds as news broke last month of former president Donald Trump suggesting he has made up his mind on running for president again. Grover Cleveland first won the presidency in 1884, and won the popular vote in the...
After a National Divorce, Where Does the Debt Go?
by Ryan McMaken | Aug 4, 2022 | Economics, Featured Articles
The topic of secession has become increasing more common in recent years as various regions and minority populations (e.g., California and Texas) has openly suggested breaking away from the United States. The idea is forwarded with varying levels of seriousness, but...
Libertarian Solutions to Paleoconservative Problems
by David Brady | Jun 15, 2022 | Featured Articles
Donald Trump entered the political stage as a rejection of all that we have known. His rhetoric was that of America no longer being great, and a promise to bring America back to its roots. He promised to “Make America Great Again.” He created a movement around this...
Blog
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...
What Kind of Liberal?
Not to put too fine a point on it, but I am a Locke-Smith liberal.
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