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...
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...
The Federal Government Has a Spending Problem and That’s a Problem for Everybody
It shouldn’t come as any surprise that the biggest government in history spends a lot of money. In fact, the entire system is built on borrowing and spending money. Most people don’t think it’s a problem, but in reality, it’s a ticking time...