Economy
Constitutional Overreach Has Real-World Consequences: Mortgage Edition
A lot of people view unconstitutional federal actions as a mere abstraction. They see it as a political issue, or perhaps legal mumbo-jumbo. But federal reach has real-world impacts on everyday people. For instance, the Federal Reserve, along with unconstitutional...
The Biggest Federal Reserve Scandal
Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules. While these trades appear...
Thomas Jefferson’s Blueprint for Dealing With the National Debt
The way Thomas Jefferson handled the national debt should serve as a blueprint today. But instead, modern presidents look more like college students on a spending spree with their first credit cards. In January 2017, the national debt stood at a whopping $19.95...
A Dark Side of Inflation
When the Federal Reserve inflates the money supply, the resulting debasement of people’s money is reflected in the higher prices that people are paying for things they need or want. Already, everyone is seeing, for example, significantly higher prices for gasoline at...