The Attempt to Prosecute Donald Trump Is Unleashing More Than Our Political System Can Handle by
William L. Andersonfor Mises.org
Anyone who has Democrat friends on social media knows that they are obsessed with having Trump charged, convicted, and thrown in prison. Because I spent many years researching and writing about federal criminal law, I can say that if federal authorities wish to charge someone with a crime, nothing, not even the law itself, stands in their way. So, if the Biden administration really wants to charge Trump with something, the FBI will have no trouble cooking up something to order.
Furthermore, if the DOJ were to charge Trump with something, he would be tried in Washington, DC, facing a jury made up entirely of DC Democrats that almost surely will have decided guilt even before the trial begins. While the feds already know this, they also know something else: if they file criminal charges against Trump, they know they will be unleashing a mix of anger and political forces that they cannot control. If one believes there is a red-blue divide in the United States now, the public anger from those who have supported Trump will dwarf anything we saw January 6, 2021.
Money Does Matter: The End of the Gold Standard Led to a Lower Standard of Living by
Andre Marquesfor Mises.org
On August 15, 1971, Richard Nixon announced that the US dollar (USD) would no longer be redeemable in gold. This was supposed to be temporary. And yet, fifty-one years later, here we are. The gold standard was gradually destroyed in the twentieth century. Now people are experiencing the consequences: less purchasing power, more economic cycles, and a weaker economy…
The consequences of the end of the gold standard began to be felt in the 1970s. The devaluation of the USD substantially reduced Americans’ real wages. Before 1970, usually only one member of a family was able to support it. From the 1970s onwards, this began to change to the point where today this is only possible for wealthier people. Despite all the technological advancements, the standard of living today is lower than in the 1950s and the 1960s, as today, in order to live and to buy things they want or need, people need to work a lot more (and even go into debt). If the USD had not been devalued since 1913 (or even if it had been appreciated, which is what tends to occur when there is no monetary expansion), the standard of living would be much higher today.
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