Bernanke was Fed chairman when the housing bubble, created by his predecessor Alan Greenspan in the wake of the bursting of Greenspan’s tech bubble and the 9-11 attacks, exploded. When the housing market collapsed, Bernanke worked with Congress and the Bush administration to bail out big banks and Wall Street firms.
The post Destroy the Economy, Win a Nobel first appeared on Tenth Amendment Center.
Washington, Jefferson, Madison - their warnings on a massive, permanent national debt have been totally ignored. And until they're heeded, things are only going to get much, much worse.
The post The National Debt is a National Curse first appeared on Tenth Amendment Center.
This refers to the devaluing of the Continental dollar by excessive money printing. As more and more Continentals were created and put into circulation, they value of each one dropped. Eventually, the Continental dollar was all but useless.
The post Not Worth a Continental first appeared on Tenth Amendment Center.
Supporters of the monster state love using the term “inflation” not to describe inflation, but the effects of it. That way, when they “take action” against inflation, they never go after the root cause - and continue to use it as a tool to expand their power and control.
The post Inflation: An Introduction first appeared on Tenth Amendment Center.
Not surprisingly, both conservatives and progressives are refusing to confront the big elephant in the room — the one that is the root of the problem: out-of-control spending by the federal government, which has been going on a very long time.
The post Federal Spending is the Problem with Inflation first appeared on Tenth Amendment Center.
This masterful propaganda and gaslighting campaign demonstrates how the feds manage to prop up support for themselves despite objectively wrecking almost everything they touch.
The post White House Launches Propaganda Campaign to Cover Up Recession first appeared on Tenth Amendment Center.
Meanwhile, the federal government continues to spend money as if it has a printing press. The Biden administration blew through over half-a-trillion dollars last month alone. This brought total spending for fiscal 2022 to just over $4.4 trillion.
The post Influx of Tax Revenue Papering Over Federal Government Spending Problem first appeared on Tenth Amendment Center.
After running a budget surplus in April thanks to an influx of tax-day tax receipts, the federal government reverted back to deficit spending in May.
The post Big Government Spending Pushes Budget Back into Deficit Mode first appeared on Tenth Amendment Center.
The U.S. government ran a $170.64 billion budget deficit in August, pushing the total fiscal 2021 budget shortfall to $2.71 trillion with one month to go, according to the latest Monthly Treasury Statement.
The post Federal Spending Unabated; Deficit Continues Relentless Growth first appeared on Tenth Amendment Center.
While getting bombarded with the propaganda that government regulations make us free and prosperous, a little reminder about a different approach - freedom - from Thomas Jefferson, Benjamin Franklin, Arthur Lee and Pelatiah Webster.
The post As Free as Air: 4 Founders on Labor, Regulation and Trade first appeared on Tenth Amendment Center.