How the Federal Reserve Backstops the Biggest Government in History
The Federal Reserve is the engine that drives the biggest government in history. Without the central bank’s machinations, the U.S. government wouldn’t be able to borrow and spend to the extent that it does. Congress wouldn’t be able to sustain...
War and Big Government Go Hand-In-Hand
War and big government go hand-in-hand. James Madison warned us. “Of all the enemies to public liberty war is, perhaps, the most to be dreaded, because it comprises and develops the germ of every other.” Madison specifically notes that wars require armies,...
Republicans Fiscally Irresponsible Act
The political and financial class breathed a sigh of relief when Congress passed the Fiscal Responsibility Act of 2023. The bill suspends the debt ceiling for two years, thus avoiding the establishment’s nightmare of a government default on its debt. Rather, it allows...