A Republic, Not a Democracy
Last week marked the conclusion of the grand taxpayer funded spectacles known as the national party conventions. It is perhaps very telling that while $18 million in tax dollars was granted to each party for these lavish ordeals, an additional $50 million each was needed for security in anticipation of the inevitable protests at each
How Long Will the Dollar Remain the World’s Reserve Currency?
We frequently hear the financial press refer to the U.S. dollar as the “world’s reserve currency,” implying that our dollar will always retain its value in an ever shifting world economy. But this is a dangerous and mistaken assumption. Since August 15, 1971, when President Nixon closed the gold window and refused to pay out
