Federal Agencies
The Bank-Run Phenomenon
One of the most fascinating phenomena in financial crises is that of bank runs. That’s when panicked depositors rush to their bank to withdraw their money because they’re convinced that the bank is going broke. Everyone tries to withdraw his money before that happens....
Expanding IRS Tyranny to Reduce Inflation?
One of the interesting aspects of President Biden’s Inflation Reduction Act was the allocation of $80 billion in increased funding for the Internal Revenue Service, one of the most powerful and tyrannical agencies in U.S. history. The money is intended to be used for...
Corruption, Plunder and Waste
Thousands of executive branch employees stand to gain financially on actions of the agency they work at? Say it ain’t so! But it is. And we were warned this would happen too. Path to Liberty, Fast Friday Edition: Oct 14, 2022...
Federal Regulatory Corruption
When America’s free-market system got converted to a welfare-state, regulated-economy system, the idea was that the federal government would operate as a parent taking care of his adult-children. The free market system — that is, a system free of government control...