August 15 marks a special date in American history: it commemorates the fiftieth anniversary of President Richard Nixon’s suspension of Bretton Woods. With this decision, the United States stopped redeeming foreign governments’ and banks’ dollars for gold.
Recent inflation figures should not be ignored thehill.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehill.com Daily Mail and Mail on Sunday newspapers.
Isolation Is Weakness; Strength Is in Numbers
Legend has it that back in 1776, at the signing of the Declaration of Independence in Philadelphia, Ben Franklin quipped to his fellow revolutionaries, “We must all hang together, or most assuredly we shall all hang separately.” That is, if the patriots didn’t stay together and fight for independence as a group, the British would win and then hang them all, one by one.
Fortunately, there’s strength in unity. George Washington kept the army of the 13 colonies intact, and so, after five arduous years of fighting, he won a decisive victory at Yorktown. To this day, the success of the American Revolution stands as an inspiring saga of purposeful teamwork; the Americans hung together and were not hanged.
The Raven .the record of history is absolutely crystal clear that there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.
- Milton Friedman on the Phil Donahue show .What has always made the state a hell on earth has been precisely that man has tried to make it his heaven -F.A. Hayek -
The Road to Serfdom
The powers delegated by the proposed Constitution to the federal government, are few and defined. Those which are to remain in the State governments are numerous and indefinite. The former will be exercised principally on external objects, as war, peace, negotiation, and foreign commerce; with which last the power of taxation will, for the most part, be connected. The powers reserved to the several States will extend to all the objects which, in the ordinary course of affairs, concern the lives, liberties, and properties of the people,
Ray Dalio: We Are On The Brink Of A Terrible Civil War zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.