Does the US government need a gold reserve? No, it doesn’t. The government’s gold is basically an emergency slush fund for elites to use to preserve their political power.
Category:
Politics
Five years ago, the spread of the Covid-19 virus gave politicians the excuse to go full totalitarian. Their fear-based campaign consisted of authoritarian measures that were based on lies and half-truths.
The United States will not enter a recession due to the change of administration, but because of the excess spending policies of the Biden years.
History has shown that prosperity is built through economic freedom and self-reliance—not through perpetual financial transfers from former colonial powers.
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Economic development cannot ever be seen as an end in itself. People are complex, social beings who may well forgo some of the advantages of economic growth for social stability, something Ludwig von Mises and Murray Rothbard understood.
Mainstream economists claim that in order to “do economics,” they must collect data and then see where it leads them. However, data by itself is economically useless without a guiding theory to explain what is happening.
It’s important to note that Sweden’s hate speech law is only a small part of the broader “Swedish system” and its democratic shortcomings.
While Elon Musk and his DOGE team have made some highly-publicized “cuts” in federal spending, much of the federal budget has been hammered in stone for a long time. It will take fundamental changes in spending patterns to make a real difference.