No Emergency Powers in the Constitution
It has become an article of faith that under our system of government, federal officials can declare an emergency, which then purportedly authorizes federal officials to exercise emergency powers. However, it just ain’t so. There is nothing in the Constitution that...
Unlimited Debt Leads to National Bankruptcy
During the current debt-ceiling crisis, one thing should be painfully clear to everyone: For those people who are advocating an increase in the debt ceiling, there is no maximum amount of debt that is too much for them. As far as they are concerned, the federal...
The FDIC: Another Dark Legacy of FDR
In 1933, the Franklin Roosevelt Administration brought into existence the Federal Deposit Insurance Corporation. Along with FDR’s nationalization of gold, his adoption of a paper-money system, his enactment of Social Security, and his conversion of America to a...