“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
Here’s a reply I just wrote to an email asking me where a certain person got the idea that the economy was in recession 40% of the time in the nineteenth century. I am calling the person X, because he’s about the most uncharitable (and uncomprehending) antagonist...
On Bloomberg, Jim Grant is asked how he feels about the three yes-men about to be appointed to the Fed. Most guests would offer a few empty statements about the great qualifications of our new overlords. Grant, on the other hand, gives a reply that only a few people...
Last Thursday, Ron Paul appeared on Bloomberg TV to discuss the Federal Reserve, placing the Consumer Financial Protection Agency under the Fed, and the need for government to stop intervening in the...
