By Doug French
Karl Marx’s Communist Manifesto, included ten planks required to create a socialist dictatorship. Number five on the list is “Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.” America’s Federal Reserve satisfies this requirement, especially the modern version, which grows exponentially in size, scope, and power, engineering financial repression “for governments to increase tax income and domestically-held debt.”1
While socialism continues to creep from university classrooms to replace once-upon-a-time laissez-faire in everyday America, opioid use has grown to be termed an epidemic.
By J.L. Collins
Those who live paycheck to paycheck are slaves. Those who carry debt are slaves with even stouter shackles. Don’t think for the moment their masters don’t know it.
Rigid pay scales, high dues, lousy pension system: Membership has its privileges.
The New Jersey Education Association, the state chapter of the largest teachers union in the country, boasted more than 200,000 members and $154 million in revenue last year. You might think it focuses on helping teachers become more effective and making the public schools better—especially now, with more than 80% of the state’s districts still not offering full-time in-person instruction 13 months after the pandemic began.
A major hurdle to the adoption of bitcoin is that while the average person may be at least open to the idea that fiat money is not the ideal, they still struggle to see a difference between fiat money and cryptocurrency. And this lumping together is not just held to the average adopter but includes many brilliant household names such as Peter Schiff and Elon Musk. This widespread conflation of cryptocurrency and fiat currency comes from two vital misunderstandings: a lack of an understanding of what exactly fiat is and a lack of understanding of value’s subjectivity.
By Robert Aro
The Fed’s balance sheet could easily be replaced with the phrase abracadabra; truly, there is little else in the world which works as magically as it does. Often cited, seldom understood, few seem to realize that as the balance sheet expands, so too does the power of this central bank at the expense of the entire nation.
By Robert Aro
The Fed’s balance sheet could easily be replaced with the phrase abracadabra; truly, there is little else in the world which works as magically as it does. Often cited, seldom understood, few seem to realize that as the balance sheet expands, so too does the power of this central bank at the expense of the entire nation.
By Michael Maharrey
After the June Federal Open Market Committee (FOMC) meeting, Fed Chair Jerome Powell committed to “do whatever we can, for as long as it takes.”
Nothing has changed — the July meeting was rewind and replay.
“We remain committed to using our tools to do what we can and for as long as it takes to provide some relief and stability to ensure that the recovery will be as long as possible and to limit lasting damage to the economy,” Powell said as the July FOMC meeting wrapped up Wednesday.
