Government
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Constitutional Amendment Only Tool Powerful Enough for “Too Big to Fail”
An economics scholar, Dan Thornton, sees a constitutional amendment as the only way to stop the U.S. government from engaging in “too big to fail” bailouts, but the idea appears too noble to pass. Big-government types won’t go for it for myriad reasons—accountability, for one. Central bankers like opaque dealings with commercial bank executives that…
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Yes Virginia, There Is A Constitutional Monetary Unit
Last week, the Virginia House of Delegates Rules Committee passed, by an 11 – 1 bipartisan majority, a bill to establish “a joint subcommittee to study the feasibility of a United States monetary unit based on a metallic standard, in keeping with the constitutional precepts and our nation’s founding principles….”
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Art Cashin On The New Normal’s New Populism: 165 Million As State Dependents?
A Somewhat Ominous Op-Ed Recalls A Manufactured Ominous Quote – An op-ed in Forbes last week by Bill Wilson is causing some buzz in Wall Street watering holes. Its title is “165 Million Americans Are Dependents of the State: Is Tyranny Next?” Here’s a bit of the essay
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Stop Printing Money, Inc.
“America currently has $14 trillion in debt on the books and another $70 trillion or so in unfunded entitlements and pensions that are not yet on the books. These debts will never be repaid with dollars at current value. Either America will devalue its currency through inflation or it will default on its promises and…
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The Power to Tax – James M. Buchanan
“The Leviathan exploitation of the revenue potential of the money-creation power is a possibility that will be among those to be reckoned with in the constitutional deliberations of the citizen when he considers the possible efficacy of granting independent powers of money creation to government. As the analysis is intended to suggest, it is difficult,…
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“Transcript: GOP Response From Rep. Paul Ryan” – NPR
“Millions of families have fallen on hard times not because of our ideals of free enterprise — but because our leaders failed to live up to those ideals; because of poor decisions made in Washington and Wall Street that caused a financial crisis, squandered our savings, broke our trust, and crippled our economy. Today, a…
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The Balanced Budget Amendment
Research Reports – 1982, Issue: 33 Also: The Rush To Quality: Does It Signal Collapse?
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The State of the Union – 1988
Research Reports – 1988, Issue: 03 Also: Unintended Consequences: ERISA and the Stock Market
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The Political Seduction of the Law
Research Reports – 1990, Issue: 04 Also: Business-Cycle Conditions
