Tag Archives: national debt

Social Security is a Ponzi scheme

By Arthur Middleton Hughes  A Ponzi scheme is a fraudulent investment operation that pays returns to investors, not from any actual profit earned by the organization, but from their own money or money paid by subsequent investors. The Ponzi scheme … Continue reading

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What the Fed is doing to our money

There is no justification in history for the existing position of a government monopoly of issuing money. It has never been proposed on the ground that government will give us better money than anybody else could. It has always, since … Continue reading

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Why the Obama Stimulus Law Failed

In February of 2009, President Obama signed the American Recovery and Reinvestment Act (ARRA) which totaled $789 billion in increased government spending. President Obama reassured anxious Americans that this spending would “revive our economy” and “create 3.5 million jobs” over … Continue reading

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