Today in History: Minutemen Established

On Sept. 21, 1774, patriot leaders met in Worcester, Massachusetts, in response to the British seizure of gunpowder and munitions from a magazine in Charlestown earlier that month. The British raid on the magazine to what became known as "the gunpowder alarm."

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Warnings Ignored: George Washington’s Farewell Address

September 19, 1796 - Pres. Washington published his farewell address to “friends and fellow-citizens.” It was filled to the brim with warnings of political dangers the people must avoid to prevent despotism. They’ve been almost completely ignored for generations. And the results haven't been good.

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More of the Same: Feds Run Another Big Budget Deficit in August

Something has to give. The Fed can’t simultaneously fight inflation and prop up Uncle Sam’s spending spree. Either the government will have to cut spending or the Fed will have to keep creating money out of thin air in order to monetize the debt. You can decide for yourself which scenario you find more likely.

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