Here’s the current budget deficit. The blue is good and the orange is bad. You can see a lot of orange, and after 2008 things have been decidedly “orange.” Since there is no actual cash in the piggy bank the US government has to borrow it. Meanwhile, debt spirals higher. Total US debt now tops […]
Libertarianism: John Hospers, the Libertarian Party’s 50th Anniversary, and Beyondedited by C. Ronald Kimberling and Stan OliverJohn Hospers Philosophy Foundation, 2021 The Libertarian Party needs people to chronicle its history, and this book is an accessible source of information beginning with its founding days. As one institution in the perennial struggle of liberty versus power, libertarians must […]
Periodically, I’ll encounter someone who has read one of my essays and has decided not to pursue them further, stating, “You’re one of those ‘End of the world’ guys. I can’t be bothered reading the writings of someone who thinks we’re all doomed. I have a more positive outlook than that.” In actual fact, I […]
With over $30 trillion in debt and counting, it’s hard to believe the United States government was ever debt-free. But it happened once—in 1835—thanks to President Andrew Jackson. He was the first and only president to pay off the national debt completely. One biographer says the former president viewed debt as a “moral failing,” a […]
Under any remotely sound money regime the aftermath of war and/or pandemic is highly likely to feature a sharp decline in the prices of goods and services on average. Even under unsound money regimes there are powerful forces operating towards lower prices once the war/pandemic recedes. Strong injections of monetary inflation, however, can overpower them. […]
Kit Knightly Audio Version New Feature! A few hours ago the Supreme Court of United States (SCOTUS) confirmed their ruling overturning Roe v. Wade, the case which set the precedent for abortion as a human right in the US back in the 1970s. As soon as this decision was first “leaked” a few months ago […]
International Man: After the outbreak of the Covid hysteria and subsequent government actions, many Americans decided to move to a new state. For example, it’s estimated that 319,020 residents fled New York state between July 2020 and July 2021, which amounted to about 1.6% of its population. It was the largest outflow of any state during […]
In 1997, geopolitical advisor to David Rockefeller, Zbigniew Brzezinski, wrote a book, called “The Grand Chessboard.” The book is particularly interesting as it shows the thinking of the Rockefeller empire in regards to Eurasia. Consider the following, which provides some insight into their view of Eurasia and how to control it (actually the very idea […]
The “yield curve” refers to a graph showing the relationship between the maturity length of bonds—such as one month, three months, one year, five years, twenty years, etc.—plotted on the x axis, and the yield (or interest rate) plotted on the y axis. In the postwar era, a “normal” yield curve has been upward sloping, […]
In the 18th century, America was made up primarily of people who, of necessity, had had to work hard. Had they not taken full responsibility for their own welfare, there was no one else to do it for them and they would have starved. As this was the case, anyone who did arrive on American […]
