Officially, the U.S. has far more gold than China. But does it really? In this week's Midweek Memo podcast, Mike Maharrey explains why there is reason to doubt this claim. In fact, we don't really know how much gold the U.S. or China holds. We have official claims, but the U.S. refuses to audit its..
Read moreInflation Is Grinding Us Down! But You Knew That Already!
We all intuitively know that prices are rising faster than the Consumer Price Index (CPI) indicates. We feel the pain every time we go to the grocery store or gas station. But just how much is price inflation impacting us here on Main Street? I started pondering this question the other day when I ran..
Read moreAmerican Independence Was Born in 1761
“American Independence was then & there born.” John Adams wasn’t talking about July 4, 1776, and the Declaration of Independence. He was referring to the beginning of the real American Revolution that kicked off years earlier on February 24, 1761. That’s when James Otis Jr delivered a fiery 5-hour speech railing against the writs of..
Read moreLooks Like We Don’t Have to Worry About That Fort Knox Gold Audit!
I’ve got some fantastic news. We don’t need to worry about that Fort Knox gold audit anymore. Treasury Secretary Scott Bessent assured us all the gold is there. His comments came during an interview on Fox News. Host Jesse Watters asked the Treasury Secretary point-blank, “Have you visited Fort Knox?” "I haven't. People on my..
Read moreNew Mexico Emergency Gun Ban Violates the Natural Right to Self-Defense
New Mexico Gov. Michelle Lynn Lujan Grisham’s “emergency” order banning the carrying of firearms in Albuquerque and Bernalillo County is a violation of the natural rights of the people, and likely a violation of the state constitution as well. (more…)
Read moreA Fight for Freedom: The Anthony Burns Affair
On May 24, 1854, federal marshals arrested Anthony Burns, kicking off one of the most famous fugitive slave - and nullification - cases in U.S. history. (more…)
Read moreFed Launches “QE Lite” Program to Bail Out Banks
In the wake of two bank failures, on Sunday, March 12, the Federal Reserve and the U.S. Treasury announced a bank bailout program that could be dubbed “QE Lite.” While not actually quantitative easing, it will have similar impacts on the financial system and could open the door to bigger bond-buying programs down the road...
Read moreUncovering the Root of Police Violence
On Jan. 7, Memphis police officers beat a black man to death. But this incident was a little different than past high-profile police brutality incidents. All of the officers involved were black. (more…)
Read moreIt’s Another Fake Debt Ceiling Fight
Here we go again. The clock is ticking down to another U.S. debt ceiling fight. (more…)
Read moreConstitutional Genealogy: Benjamin Franklin’s First Articles of Confederation
Most people recognize that the Constitution evolved out of the Articles of Confederation. But the Articles were also part of a long evolution in political thought and constitutionalism that started long before the colonies’ quest for independence. An important touchstone in that evolution was a draft for a confederation proposed by Benjamin Franklin nearly a..
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