Although tariffs and other issues are getting the most news coverage, a harbinger of recession is looming: the slow collapse of commercial real estate values. This is the result of reckless policies at the Federal Reserve and the Fed cannot fix it.
Category:
Politics
Our current paper fiat money system comes from a long process of building up state power that destroyed private money, ended truly private banking, and abolished the market system of competing currencies. It took 300 years, and we are now facing the inflationary results.
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President Andrew Johnson, who is best known for being the first president to be impeached, vetoed protectionist legislation that looked to raise tariffs on imported copper. Congress overrode his veto, but his free-trade message is just as relevant today as it was in 1869.
Submission for the Kenneth Garschina Undergraduate Student Essay Contest (2025).
Submission for the Kenneth Garschina Undergraduate Student Essay Contest (2025).
Submission for the Kenneth Garschina Undergraduate Student Essay Contest (2025).
Sen. Tommy Tuberville recently claimed that Trump‘s tariffs will improve the economy, but only after a period of painful adjustment. “No pain, no gain,” he said. The truth is that the tariffs will inflict pain without any gains.
While the Trump administration claims it is breaking with the policies of Joe Biden, it is continuing US attacks on the Houthis of Yemen supported by the previous president.
Charles Rist was an economist of nearly a century ago who recognized the dangers behind President Franklin Roosevelt‘s attempts to demonetize gold. We are still paying the price for FDR‘s actions.