Economy

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Author Appreciation: Matt Ridley

I don't know why you read. I would love to know. For me, the answer is straightforward. I suffer from ignorance. And reading books reduces that ignorance. I read almost exclusively non-fiction, heavy on economics, history, philosophy, with some psychology and some theology. The thing that drives most of my reading is a desire to know. And reading books is a means to that end. But here, I'll introduce you to an author who will absolutely reduce ignorance, but is delightful to read, in and of itself. Matt Ridley is the sort of author I read, just to read.

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Big-Spending U.S. Government Running Recession-Like Budget Deficits

With two months left to go, the deficit for fiscal 2023 now stands at $1.61 trillion, after the federal government charted another massive shortfall in July.

The post Big-Spending U.S. Government Running Recession-Like Budget Deficits first appeared on Tenth Amendment Center.

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2023 Budget Deficit Already Bigger Than Last Year’s

This is an unsustainable trajectory, especially in a high-interest rate environment.

The post 2023 Budget Deficit Already Bigger Than Last Year’s formerly https://blog.tenthamendmentcenter.com/2023/07/2023-budget-deficit-already-bigger-than-last-years/ first appeared on Tenth Amendment Center.

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Maine Committee Holds Hearing on Bill to Authorize Investment of State Funds in Gold and Silver

Despite the fact that the legislation only allows for the state to invest funds in precious metals, but does not require it, the Maine Office of the State Treasurer lobbied against the bill in a hearing on April 26.

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It’s not Inflation. It’s Depreciation.

The founders and old revolutionaries used the word "depreciation" to describe what we call "inflation" today. Their way is much better - because when people understand that money is worth less (or worthless), it's much easier for them to understand the cause of the problem in the first place.

The post It’s not Inflation. It’s Depreciation. first appeared on Tenth Amendment Center.

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A Positive and Hopeful Sign in the Banking Crisis

I consider the withdrawal or transfer of those deposits in the face of all those assurances of the “soundness and resiliency” of the banking system to be a very positive and hopeful sign. It indicates that perhaps a large number of Americans are no longer sheeplings that place their blind trust in the fox.

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