The Moral Hazard of Modern Banking
In his Essay on Duties, Marcus Tullius Cicero tells a story about Cato the Elder, a wealthy man renowned as…
Debt and Sovereignty: The Lost Lessons
The national debt is roughly 100 percent of our gross national product, and the people who lend to the federal government are beginning to worry that they will not get their money back. Yet without continuous borrowing, the nation cannot possibly sustain its accustomed lifestyle. Something has got to give.