Three Stages of a Republic

There are three stages in the life of a Republic – or any legal system for that matter. They are: Universally understood laws accepted by both society at large and its leaders. Universally understood extra-legal behaviors accepted by both society at large and its leaders. Extra-legal behaviors not accepted or understood by society at large,…

UCLA STUDY CONCLUDES PROGRESSIVE ECONOMIC POLICIES EXTENDED GREAT DEPRESSION BY 7-YEARS…OBAMA PURSUES SAME POLICIES AS FDR

Milton Friedman, one of the three great economists of the 20th century, provided the definitive analysis of the Great Depression in his book, THE GREAT CONTRACTION, which was originally a chapter in his classic study, THE MONETARY HISTORY OF THE UNITED STATES: 1867 – 1960. Friedman detailed how Franklin Roosevelt’s economic policies deepened and extended…