Economy
What FDR Did to Our Money
For more than 125 years, the United States had a gold-coin, silver-coin monetary system. No, it was not a paper-money system backed by gold, as so many mainstream commentators have been taught to believe. It was a system in which gold coins and silver coins were the...
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...