President Nixon appointed Arthur F. Burns Fed chairman. He was supposed to be one of the "good guys" -- an advocate for free markets, sound money and the gold standard. But Nixon badgered and bullied him into lowering interest rates and signing off on economic "reforms" that included severing the dollar from its last connection..
Read moreThe Incorporation Doctrine Broke the Constitutional System
I think centralizing power is always a net loss for liberty. So did the founding generation. This is why the framers of the Constitution emphatically rejected a proposal to give the federal government veto-power over state laws. It’s also why the first Congress rejected applying some provisions of the Bill of Rights to the states...
Read moreHamilton vs. Jefferson on the Constitutionality of a National Bank
The First Bank of the United States was charted for a period of 20 years by Congress on Feb. 25, 1791. Alexander Hamilton championed the bank, but it wasn’t without its detractors. One of the most vocal opponents of the bank was Thomas Jefferson who argued that it was unconstitutional. (more…)
Read moreThe Misplaced American Obsession With Presidents
“I am terrified of the outcome in November.” “The fate of the nation hangs in the balance.” “This is the last chance to save America.” (more…)
Read moreHow the Federal Reserve Wrecks the Economy Over and Over Again
When people talk about the economy, they generally focus on government policies such as taxation and regulation. For instance, Republicans credit Pres. Trump’s tax cuts for the seemingly booming economy and surging stock markets. Meanwhile, Democrats blame “deregulation” for the 2008 financial crisis. While government policies do have an impact on the direction of the..
Read moreThe Constitution Isn’t Meant to Protect Your Liberty
One of the biggest misconceptions I hear about the Constitution is that it was written to “protect our liberty.” It wasn’t. At least not in a direct sense. (more…)
Read moreDonald Trump’s Pen and Phone
Remember when President Barack Obama said he didn't need Congress? (more…)
Read moreWhat’s Up With Executive Orders?
This article was adapted from "Constitution Owner's Manual: The Real Constitution the Politicians Don't Want You to Know About." For more information about the book, visit ConstitutionOwnersManual.com. In 2014, President Barack Obama raised the ire of Republicans when he circumvented Congress and effectively legislated from the Oval Office utilizing executive orders. “We’re not just going..
Read moreWhat Is Gold’s Record Price Telling Us?
If you follow business headlines you know gold broke its all-time price record early Monday when it pushed above $1,920 an ounce. So, what is this telling us? (more…)
Read moreTrump Ramps Up Enforcement of Unconstitutional Gun Control Again
“At my direction, the DOJ banned bump stocks. Last year we prosecuted a record number of firearms offenses.” During a public appearance in 2019, President Donald Trump proudly reminded us about his gun control credentials, bragging that his administration implemented new gun control and has conducted more enforcement actions than anyone in history. (more…)
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