Totalitarianism is not compatible with a functioning economic system based upon free exchange and private property. Such regimes depend upon historicism and logical relativism.
There is plenty of commentary today about continuing large annual US federal budget deficits and the large federal debt that keeps mounting as a result of these relentless deficits.
Despite the claims of Chairman Powell and other central bank apologists, the Fed has never been free of political pressure. The key to making America great again is to make money free again.
Digital Currency, Metal Recycling, and Loss of Liberty
Federal oversight of each recycled metal transaction would be an intrusion into the daily life of the individual and business on an unseen scale. The new federal metal recycling reporting requirements would be reprehensible.
Inflation is still a problem, the employment picture is increasingly difficult, and the delinquency rate on credit cards for small banks is at an all-time high.
Sound economic reasoning is an enormously powerful tool for understanding both the economy and society. It uncovers what is going on under the surface and why things are the way they are.
