The Founders Warned Us About the Fed
The Federal Reserve just lowered interest rates for the second time this year and announced more quantitative easing by injecting even more U.S. dollars into the market. The days of cheap money will soon come to an end, and I fear that many people won’t realize...
Today in History: Nixon Slams Shut the “Gold Window”
Today in history, on August 15, 1971, President Richard Nixon slammed shut the “gold window” and eliminated the last vestige of the gold standard. Nixon ordered Treasury Secretary John Connally to uncouple gold from its fixed $35 price and suspended the...
Fight for 15 is the Wrong Battle in the Wrong War
The U.S. House recently passed a bill to gradually raise the minimum wage to $15 per hour by 2025. The move simultaneously taps into both constitutional and economic foolishness. In the first place, Congress doesn’t have any constitutional authority to legislate...