“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.”
The first installment in this series described America’s limited and frugal federal government from 1789 until the 1930s. This second installment explains how the stage was set for radical change. Crisis and Depression In October 1929, a financial bubble broke. As...
The stock market crash in 1929 provides an excellent example of how an emergency or crisis can be used to revolutionize a society permanently and destroy liberty and well-being in the process. Contrary to popular myth, especially among public (i.e., government)...
We are a nation of 325 million people. We have a bit of control over the behavior of our 535 elected representatives in Congress, the president and the vice president. But there are seven unelected people who have life-and-death control over our economy and hence our...