Economy
Mercantilism and the Road to the American Revolution
The American Revolution was not merely a clash over taxation without representation, but a rejection of a deeply entrenched economic system that positioned Britain as the mother country, exploiting its colonies to amass wealth and power. This system called...
Founders’ Foresight: The Perils of Perpetual Debt
“A public debt is a public curse.” That’s how James Madison put it, and he was right. Today, America is absolutely drowning in debt – and teetering on the brink. We’ve just hit a new, previously unthinkable milestone: a national debt of $36 trillion...
Our “Public Curse” Just Eclipsed $35 Trillion
“I go on the principle that a Public Debt is a Public curse and in a Rep. Govt. a greater than in any other.” – James Madison On July 26, the national debt blew past $35 trillion for the first time. On that date, we were cursed with a debt of...
Congressional Omnibus is Like a Bad Hollywood Movie Sequel
This weekend’s late-night spending vote in Congress seems like another in an endless series of sequels to a bad suspense movie. Just at the brink of “disaster,” just before the stroke of midnight, Congress pulls off a miracle and passes an omnibus bill to save us from...