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Archive of posts published in the tag: Great Society

Why Has Inflation Not Followed Our Debt?

But these explanations leave me uneasy. Without the pain of excessive government debt is there ever an end to it? It seems doubtful that scarcity has been erased from economic reality. The absence of short-term firewalls has historically led to large reconciliations, and it just seems immoral to spend more that you can pay for. In 50 years gold has risen from $35 to $1517.99 an ounce (1/1/20), does anybody care? The dollar is strong, and the American economy is performing better than any other in the world, even if that only provides a low bar.

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Was Madison Wrong?

Madison was correct that a dispersal of special interests over a large land mass could protect a republic from tyranny, but he failed to foresee that special interests are no longer restrained by mere distance and geography. They now exist in the cloud.

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Collective Burdens

From the Editors of National Review, The Fifty Year War. Excerpts: Poverty in the United States is an economic issue, to be sure, especially as it relates to economic growth, the most important driver of employment and wages. But it is…

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How to Make a Problem Worse

As a result of the depressed economy the difference in income between whites and minorities have widened. While the most shrill will find this to be clear testament to the inherent racism in the GOP, the reality is that both…

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