“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
“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 $35 trillion....
Thomas Jefferson’s chilling warnings about unchecked fiat, paper money proved prophetic as the U.S. plunged into its first boom-bust economic crisis in the early 19th century. In an 1814 letter to Thomas Cooper, Jefferson wrote, “Every thing predicted by the...
The Anti-Federalist writer Agrippa powerfully expressed many of the same reservations about the Constitution as other opponents – that it would create a consolidated government leading to a loss of liberty. But unlike most others, Agrippa was also concerned with...
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...
It takes a lot of money to run the biggest government in the history of the world. The federal government ran a $1.695 trillion budget deficit in fiscal 2023. It was the third-largest deficit in U.S. history. The only time the feds ran bigger deficits was during the...