The first year of the Great Depression, 1930, the USA ran a budget surplus! Can you imagine that today? You should! The Depression of 1920-21 had a steeper deflation rate than 1933, the worst year of the Great Depression. Why do we call call one decade the Roaring ’20s & the other the Great Depression […]
Before 1931, the federal budget always approximated balance except during three major wars, the American Revolution, the Civil War, & WWI…& we always paid down the debt after the wars. More than 2/3rds of years we had budget surpluses. John Maynard Keynes popularized Demand-pull economic theory & since the 1930s we have 23 trillion in […]
When will the nation implement consistent fiscal discipline? Do good people leave their kids THEIR virtually insurmountable Natl debt? Find out how history gives us perspective. Find out how we can change our ways…⬇⬇⬇ https://www.amazon.com/Economic-Clarity-Political-Confusion-Classical/dp/0578430215/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1547765974&sr=1
There is something to be said for the spirit of freedom. Reagan knew this and injected some of it back into a psychologically starving populace. How can we know what promotes economic recovery and prosperity in general? In understanding what the economy is, we can identify how it operates most efficiently. It is production value […]
When discussing how vouchers can improve education among underprivileged kids, he said: “The whole point…is to put this choice within their hands. It is hard for me to understand what harm is going to be done by allowing parents to have a choice as compared with having self-interested bureaucrats have a monopoly.” ~Thomas Sowell Indeed, […]