The Fed Is Not “a Good Idea that Became Corrupt”: It Always Was Corrupt
It is easy to think of the Fed as a good institution that simply lost its way. In truth, it was a bad idea and a bad institution from its beginning.
It is easy to think of the Fed as a good institution that simply lost its way. In truth, it was a bad idea and a bad institution from its beginning.
The Pilgrims tried socialism at Plymouth. After two years, they returned to private enterprise. Likewise, Israel was founded as a socialist state but has back turned toward free markets.
Historians praise the US entry into World War I because it enabled an Allied victory. But it also led to the economic disasters of the 1920s and ’30s.
For all the positive talk, Americans are piling on more debt just as real wages are falling, job losses are mounting, and debt costs are rising. Thanks, Fed!
The author recalls the 1922 peace dollar his grandfather gave him sixty years ago. Real money.
This year’s midterm disappointment for Americans hoping the lunacy of the left would undermine the Democrat Party highlights that the very real problems we face will not fall under their own weight. Anti-human progressivism continues to rise, no matter how visually absurd it manifests itself.
Marxist regimes used to slap the word "antirevolutionary" on everything the regimes disliked. Today's regimes use the words "undemocratic" and "antidemocratic" in the same way.
Firebrands like Marjorie Taylor Greene and Matt Gaetz demand a GOP-controlled Congress hold DC villains accountable. If the GOP refuses to treat Anthony Fauci like the Democrats have treated Steve Bannon, the party remains controlled opposition.
Cheap money in the last decade has meant good times for companies that barely make money and hire employees who barely work. But those times are now ending.
Historians praise the US entry into World War I because it enabled an Allied victory. But it also led to the economic disasters of the 1920s and ’30s.