Business Cycle

Just as important as saying what the business cycle is, saying what it is not. It is not something determined … Read the rest

The Contested Meaning of the Constitution April 1, 2025
While many people have declared the US Constitution to be “crystal clear” on issues of governance, the truth is that much of what the Constitution says is disputed. The first step toward more consensus is understanding that the Constitution is interpreted by fallible people.
Wanjiru Njoya
If Only FTX Could Use the Fed’s Accounting April 1, 2025
What happens to businesses when liabilities exceed assets? They go bankrupt, with the spectacular failure of FTX being front-and-center. However, the Federal Reserve is in the same position but unlike FTX, the Fed can create fictitious assets and pretend that nothing is happening.
Douglas French
Who Owns the Gold? April 1, 2025
With people calling for an audit of the US gold stores at Fort Knox, perhaps we should remember how that gold got there in the first place. Franklin Roosevelt‘s theft of gold from the American people is a crime that still needs to be rectified.
George Ford Smith

Category: Business Cycle