The American bankruptcy show of the twenty-first century continues unabated with federal and state government spending. History reveals that some states have defaulted through not meeting a required bond payment, leaving the bondholders and that state’s taxpayers with a debt problem. Today, we might call

Our Ancient Faith: Lincoln, Democracy, and the American Experimentby Allen C. GuelzoAlfred A. Knopf, 2024; 247 pp. Allen Guelzo has been carried away by Abraham Lincoln’s magniloquent rhetoric. Guelzo, a historian who has written a number of books about Lincoln, would like very much to believe

Prices will always increase, some small banks will fail, and the Fed was asleep at the switch when the run on Silicon Valley Bank occurred. Fed chair Jerome Powell admitted those three things in response to Scott Pelley’s questions on 60 Minutes. “But the overall price

Earlier this month, The New York Post reported that the mayor of New York is giving away pre-paid cash cards—each carrying "up to $10,000"— to foreign nationals in New York. Most of these foreign nationals—i.e., "illegal immigrants"—have arrived in New York with no invitation, no

Ryan McMaken and Tho Bishop talk with Jane Johnson about why the feds will never pay down the debt. Instead, they have two choices: rampant inflation or default.  Discussed on the Show  "The Federal Mega-Debt is Here to Stay" by Jane L. Johnson: Mises.org/RR_174_A Claim your free book: Mises.org/RothPodFree Be sure to

According to behavioral economics (BE), emotions play an important role in an individual’s decision-making process. For example, if consumers become more optimistic regarding the future, then this is going to send a message to businesses regarding investment decisions. According to BE followers, whether consumers are