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Showing posts with the label Federal Reserve

Republic vs. Democracy: The Original Vision of the Founding Fathers, the Evolution of American Governance, and the Implications of Constitutional Changes

As high school students, you've likely heard teachers and politicians refer to America as a democracy. However, is that label accurate? Contrary to popular belief, the United States is not a democracy, but rather a republic. Understanding the key differences between these two forms of government allows us to appreciate the unique system established by the Founding Fathers. In this blog post, we delve into the distinctions between a democracy and a republic, the Founding Fathers' vision for the United States, and the impact of various constitutional changes and policies that have shaped the nation's governance over the years. We'll explore the role of the Electoral College, the implications of the 16th and 17th Amendments, the Federal Reserve, and the gold standard in relation to the core principles of a republic. Additionally, we'll examine the importance of representation, the potential pitfalls of democracy, and the historical origins and controversies surrounding

Bank Failures and the Importance of Free Markets: Analyzing Ron Paul's Latest Article

In his recent article, Ron Paul discusses the collapse of Silicon Valley Bank (SVB) and Signature Bank, two of the largest bank failures in US history (click to read " Are Bank Failures a Sign of More Trouble Ahead? "). He also highlights the near collapse of First Republic Bank and Credit Suisse, emphasizing the role of the Federal Reserve and its monetary policies in creating economic crises. The main arguments revolve around the importance of free markets and the negative impact of government intervention in the economy. Ron Paul suggests that the Federal Reserve's manipulation of the money supply and interest rates has led to malinvestments, which have in turn created economic bubbles. He argues that the downturn following a bubble burst is necessary to correct the economy, but government interference only serves to create new bubbles and crashes. In this context, he cites the Fed's "easy money" policies since the 2008 financial crisis as a primary cause