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National Debt and the Destruction of Liberty

National Debt and the Destruction of Liberty

by Michael Boldin | Jun 6, 2025 | Founding Principles

“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...
Our “Public Curse” Just Eclipsed $35 Trillion

Our “Public Curse” Just Eclipsed $35 Trillion

by Mike Maharrey | Jul 30, 2024 | Economy

“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

How the Federal Reserve Backstops the Biggest Government in History

by Mike Maharrey | Feb 21, 2024 | Federal Power, Federal Reserve

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

The Federal Government Has a Spending Problem and That’s a Problem for Everybody

by Mike Maharrey | Feb 21, 2023 | Economy, Federal Funding

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...
A $31 Trillion National Debt Matters Much More Than Most Think

A $31 Trillion National Debt Matters Much More Than Most Think

by Mike Maharrey | Oct 8, 2022 | Federal Funding, Federal Reserve

On Oct. 3, 2022, the U.S. national debt eclipsed $31 trillion for the first time in history. When you factor in unfunded liabilities in Medicare and Social Security, the debt skyrockets to well over $100 trillion. As the Anti-Federalist writer Brutus warned: “I can...
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