National Debt and the Destruction of Liberty
“I go on the principle that a Public Debt is a Public curse” James Madison didn’t see public debt as a mere policy debate or a nuisance to be dealt with later. He saw it as one of the most dangerous threats to a representative system – one that leads straight to...
Federal Reserve Responsibility for Consumer and Government Debt Crises
According to the Federal Reserve, credit card delinquencies increased by 50 percent in 2023, while consumer debt grew to 17.5 trillion dollars. A recent survey by Clever Real Estate found that three in five Americans have credit card debt and that 23 percent of...
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...