FDR, The Dictator

Franklin Roosevelt ushered in the National Industrial Recovery Act, NIRA, in the late spring of 1933. It was tragically supported by many industrial leaders at the time; as well as the Chamber of Commerce’s president, H.I. Harriman. A quote from … Read More

Recessions Are Predictable, And So Is Government’s Failure To End Them

In March 2012 Wisconsin Congressman Paul Ryan commented about the debt crisis resulting from the Great Recession of 2008, saying,

“This coming debt crisis is the most predictable crisis we’ve ever had in this country.”[1]

Congressman Ryan is echoing … Read More

Elizabeth Warren’s Great Depression Economics, Part 3

In my first article of this series of four articles, Elizabeth Warren’s Great Depression Economics, Part 1, I proposed that we can know and understand future economic results by knowing and understanding past economic patterns and the results they generated. In … Read More

Elizabeth Warren’s Great Depression Economics, Part 2

In my first article of this series of four articles, Elizabeth Warren’s Great Depression Economics, Part 1, I proposed that we can know and understand future economic results by knowing and understanding past economic patterns and the results they generated. In … Read More

Elizabeth Warren’s Great Depression Economics, Part 1

Elizabeth Warren is currently being credited as the front-runner for the Democratic nomination and the one who will go head-to-head with President Trump. So what would a Warren Administration look like (or any of the current democratic potential nominees, for … Read More

How FDR Systematically Destroyed Business Investment For 11 Years

The great Austrian economist Murray Rothbard elucidated, “Before the massive government interventions of the 1930s, all recessions were short-lived.”[1]  The deceptive narrative of collectivists about the “Roaring Twenties” and the New Deal goes like this:

Capitalists and speculators went wild … Read More

The Only Path To Economic Equalization Is Tyranny

Many complain that there is greater differential between the wealthiest and the least wealthy – but there must be in order to prosper without tyranny. The key indicator to watch is, as President Kennedy referenced, the level of wealth increasing … Read More

Full Employment Is Full Foolishness

As discussed in This Mistake Collapsed Europe’s Richest Empire And Might Do The Same To Us, the government has no incentive to manage funds well, as they have a seemingly endless source of revenue – either tax revenue or borrowed … Read More

Keynesian Economics: A Theory With 80 Years Of Failure

“John Maynard Keynes is considered one of the leading lights of liberal economics.”[1]  He is currently, and remains, the most significant economist to impact America’s economy in modern times.  As discussed in previous articles (here, here, here, and here), the adaption of Keynesianism … Read More

Harvard Keynesian Admits Failures Of Spending Stimulus Plans

Keynesians believe, not only the fallacy that government confiscating the wealth of the citizenry then knowing where, when and how to spend it better than the citizens, that government spending leads to a multiplier effect.  Essentially, the more government spends … Read More

How Keynesianism Caused The Great Depression

In 1926, President Hoover, as Secretary of Commerce, stated this economic nonsense, “The very essence of great production is high wages and low prices, because it depends on upon widening….consumption, only to be obtained from the purchasing-power of high … Read More

Keynesian Economics Turns The Whole Economy Into A Gigantic Ponzi Scheme

This is a circular discussion which is not logical in its rationale.  Accordingly to Keynesians – and derived John Maynard Keynes’s texts – economic activity is presented in terms of a circular flow of money.  Dr. Frank Shostak[1] brilliantly explains this … Read More

This Mistake Collapsed Europe’s Richest Empire And Might Do The Same To Us

In a conversation with my financial advisor on Keynesian economics he explained it to me in this manner:

The government takes money from me via taxes.  (In the financial advisor’s example, they take $100 from me.) Then they borrow another … Read More

Despite STEM Test Score Doomsayers, America Continues To Prosper

In my previous article I argued that today’s engineering education is focused on research engineering so, therefore, it is not serving and properly educating most engineers in knowledge and skills that are needed for their vocation.  While good, deep, … Read More

We Don’t Need More STEM Grads, We Need Better STEM Grads

Reporting on the dismal state of American education has been a constant stream for as long as I can recall – at least back to the 1970s, and probably before if I had been old enough to pay attention.  And … Read More

Is Virtue More Important For The Leaders Or For The People?

American Exceptionalism rejects handing virtue over to its leaders.  The citizens of the United States certainly demand it from its leaders, as they should.  But the real virtue resides personally in each citizen, and only then can virtue shine from the … Read More

Collectivism Leads To Violence? It IS Violence

Collectivism, by design and implementation, is tyrannical and destructive, which is why it always leads to such ends.  But the irony of the collectivist belief is that it is presented as a way to achieve freedom, yet it can only … Read More

Those Who Choose Security Over Liberty Deserve Neither – And Will Get Neither

Of course, most people want security.  And there is certainly nothing wrong with this desire.  Having security helps people to focus and work towards other ends without the distraction of worrying about their safety.  But how exactly is this … Read More

How Christian Individualism Rebuilt The World Economy After WWII

In the past three articles, I referred to Training Within Industry, TWI – see here, here, and here. During the WWII era, the TWI program released a training manual on economics called the JET (Job Economics Training) manual.

TWI’s JET training adheres to the … Read More

The Managers Who Rebuilt After WWII Understood Why Government Is A Growth Drag

The Training Within Industries (TWI) program (see Roots of Lean: TWI) developed and deployed during WWII developed and released a training manual on economics to train our workforce in the factories during its tenure on what constituted good economics.   It … Read More

The Theology Of The Liberty Bell

Dr. Alice Baldwin reported in 1928 that Scripture’s direct tie to the American founding and its incorporating compacts eluded historians.  She revealed, “The significance of the belief in the binding character of law upon God and man seems to have … Read More

How A Personal Relationship With God Limits The Impersonal State

The language and message, that we are endowed by our Creator, is commonplace in the sermons of the clergy of today’s Christian churches in all denominations.  Additionally, it is typically articulated by building a personal, one-on-one, relationship with God, and Christ. … Read More

The Theological Foundations Of The Principles Of 1776

In his study of the theologians of the University of Salamanca, Alejandro Chafuen illuminates the Salamanca position that “God gave man his nature of social dependency and his limited ability and capacity so that man would feel the need for … Read More

The Declaration Is Pro-State Sovereignty, But Anti-Slavery

Founding Father and Virginian George Mason also included the right of the citizens of Virginia to abolish the government for any “mal-administration” when he authored the Virginia Declaration of Rights.  This same subservient obligation was also included by Thomas … Read More