Friday, February 21, 2020
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It was a scene familiar to any nostalgia buff: all-night lines waiting for the banks (first in Ohio, then in Maryland) to open; pompous but mendacious assurances by the bankers that all is well and that the people should go home; a stubborn insistence by depositors to get...
<!. I wouldn’t send them to school here.” Sadly, what has already happened in Appalachia is slowly happening to the rest of the country as well.  There is a chronic lack of good jobs, poverty is exploding, and more Americans than ever are giving into depression. As economic conditions continue to...
Obama Official Portrait Smile
How many times have you heard President Obama express concern for the middle class? More than you can count, I’m sure. If you are in the middle class, Obama’s frequent mentions of you should make you very worried. A key part of Obama’s modus operandi is his habitual use of verbal...
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Most people that discuss the "economic collapse" focus on what is coming in the future.  And without a doubt, we are on the verge of some incredibly hard times.  But what often gets neglected is the immense permanent damage that has been done to the U.S. economy by the...
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For years, the Obama administration has been making it abundantly clear that it is a friend of illegal immigrants.  Border security is a joke, the federal government refuses to go after "sanctuary cities" even though they are breaking federal law, there is a website that instructs immigrants how to...
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As the song says, “Meet the new boss, same as the old boss.” State power, i.e., power derived from the “political means” of acquiring wealth through force, is nothing more than a pestilence sapping the peace and prosperity of all humankind, and has been manifest in many cruel...
Budget
U.S. stocks have not fallen this dramatically during the month of December since the Great Depression of the 1930s. Stocks down more than 1,000 points from Thursday’s close.
By Michael Snyder You can stop waiting for a global financial crisis to happen.  The truth is that one is happening right now.  All over the world, stock markets are already crashing.  Most of these stock market crashes are occurring in nations that are known as “emerging markets”.  In recent...
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Mark Tovey | MISES October 30, 1929. A brisk autumn’s day in Manhattan. The Savoy-Plaza Hotel’s thirty-three stories cast a long shadow over Central Park. At the base of the hotel a financier lies freshly fallen, motionless, while his last breath, wrenched from the lungs by force of impact, is...