Governments sometimes get themselves into trouble with too much debt. Early economist Adam Smith devoted the last chapter of his famous Wealth of Nations (1776) to the topic of sovereign default. “The progress of the enormous debts which at present oppress, and will in the long-run probably ruin, all the great nations of Europe, has been pretty uniform,” Smith wrote. “The practice of funding [financing deficits with debt] has gradually enfeebled every state which has adopted it.” Read More ›
America is the only nation in human history that was completely born of noble and deeply spiritual principles: that all men are created equal, that they have been given by God certain rights that cannot be taken away by any man or earthly authority, and that those unalienable rights combine to create and protect a thing called freedom in life. As a result, Americans have always been free to pursue happiness, worship God, speak publicly about their views, and, of course, choose their leaders. Read More ›
