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While many people have declared the US Constitution to be “crystal clear” on issues of governance, the truth is that much of what the...
What happens to businesses when liabilities exceed assets? They go bankrupt, with the spectacular failure of FTX being front-and-center. However, the Federal Reserve is...
With people calling for an audit of the US gold stores at Fort Knox, perhaps we should remember how that gold got there in...
Most editorialists and pundits have labeled Jimmy Carter’s presidency a failure, but his activities after he left office as a rousing success. The truth...
Britain‘s new Labour Government is doing what leftist governments always do: raising taxes on everyone, but pretending that only the wealthiest citizens will pay...
No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing,...
Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide...
President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off...
The Trump team plans to tinker with government spending, but this does nothing to address the real problem which is the current inflationist monetary...
A common refrain among college fans is, “The Transfer Portal and NIL are ruining college sports.” But are they? Before we can answer that...
Perhaps John Maynard Keynes’ best con job was convincing people that a growing economy needs inflation, lots of inflation. As David Gordon points out,...
Gen. William T. Sherman‘s infamous “March to the Sea” is covered almost antiseptically in American history texts. Yet, Sherman‘s actions would have been judged...