Fiscal 2023 Federal Budget Deficit Third-Largest Ever
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...
Machiavelli: Liberal Taxing and Spending Breeds Instability, Culture of Enslavement
Niccolò Machiavelli, the renowned Italian diplomat, philosopher, and writer of The Prince and Discourses on Livy is perhaps not the first name that comes to mind when discussing economics. However, his works contain invaluable insights into governance, power, and the...
Growing US Debt Menaces Liberty and Prosperity
Congress’ top priority this fall will be passing legislation funding the government and avoiding a “shutdown.” As of this writing, it appears unlikely that the Republican-controlled House will be able to make a deal with President Biden and the Senate Democrats on a...