Category Archive: 6b) Austrian Economics

Whether you’re a conservative or libertarian, the notion of government shutdowns is no longer an alien concept considering that Washington managed to add a whopping $1 trillion to the gross national debt in a matter of three months—a large percentage coming from interest expenses alone. Another record for our national debt has been broken again, with $275 billion added onto the national debt in a single day. How we solve this issue is a question...

Read More »

I recently wrote about how the Federal Reserve has made the economy of the United States much worse than it would have been without their bureaucratic central planning over the past century. While the Fed’s disastrous track record is widely acknowledged even by Fed apologists, they point out that life was not perfect before the Fed either. They correctly note that there were business cycles before the creation of the Fed. So, even though inflation...

Read More »

The ongoing conflict between the state of Israel and Hamas escalated considerably on Saturday. A group of armed fighters—presumably of Hamas—broke through the Gaza-Israel border barrier and launched what is sure to be a short-lived invasion of southwestern Israel.  At least 700 Israeli citizens—most of them apparently civilians—were killed, and more than one hundred were taken hostage. The Israeli state quickly retaliated with widespread bombing of...

Read More »

Aside from stealing your life savings and launching depressions, one of the nastier features of paper money is what it does to governments. In short, paper money transforms governments from parasites to predators. Once a government can print what it likes, it no longer needs taxes. Meaning it no longer needs us. We saw this in living color during the covid lockdowns. Just imagine a world without a central bank where, in the first days of the...

Read More »

There are hundreds of headlines all over the news warning of the negative impact of a government shutdown. The negative impact on GDP, according to Bloomberg, is estimated at 0.5% of the quarterly annualized rate if the shutdown lasts for two weeks. Obviously, that is an annualized rate, not the overall hit. The last government shutdown lasted between December 22nd, 2018, and January 20th, 2019, and the United States economy still grew at a 2.2...

Read More »

Out of Pennsylvania’s twenty-five hundred municipalities, about half (1,279) have no police department as of 2013. Since 2013, twenty more municipalities have disbanded their police departments, opting for police coverage by the Pennsylvania State Police (PSP). On top of that, 420 municipalities only provide part-time coverage (no 24/7 coverage), requiring the PSP to “pick up the slack” so to speak. This may seem shocking, but this is the...

Read More »

Recent data from the Pew Research Center shows that from 1994 to 2022, Americans’ views of opposing political parties became increasingly negative. In 1994, only 21 percent of Republicans and 17 percent of Democrats held “very unfavorable” views of the other party. In 2022, that category rose to 62 percent for Republicans and 54 percent for Democrats. If we include those who hold “unfavorable” views, then over 80 percent of both Republicans and...

Read More »