Archive - Web of Debt

The GENIUS Act and the National Bank Acts of 1863-64: Taking a Cue from Lincoln

This month Congress passed the GENIUS Act, an acronym for the “Guiding and Establishing National Innovation for U.S.

Jul 30 •

Why Public Funds Should Be Deposited in Publicly-Owned Banks

A thriving economy requires that credit flow freely for productive use.

Jul 8 •

May 2025

President Trump’s Proposal to Eliminate Income Taxes: Can It Be Done?

n February, President Trump said that tariffs would generate so much income that Americans would no longer need to pay income taxes.

May 8 •

April 2025

McKinley or Lincoln? Tariffs vs. Greenbacks

President Trump has repeatedly expressed his admiration for Republican President William McKinley, highlighting his use of tariffs as a model for…

Apr 7 •

February 2025

‘Quantitative Easing with Chinese Characteristics’: How to Fund an Economic Miracle

China went from one of the poorest countries in the world to global economic powerhouse in a mere four decades.

Feb 9 •

January 2025

Beating Wall Street at Its Own Game — The Bank of North Dakota Model

North Dakota is staunchly conservative, having voted Republican in every presidential election since Lyndon Johnson in 1964.

Jan 13 •

December 2024

How to Escape the Federal Debt Trap

Dec 9, 2024 •

November 2024

Our Fragile Infrastructure: Lessons From Hurricane Helene

Buncombe County North Carolina – damage after Hurricane Helene floods.

Nov 4, 2024 •

September 2024

The Florida State Sunshine Bank: How a State-Owned Bank Can Protect Free Speech

Fifteen years have passed since the Occupy Wall Street movement focused attention on the inequities and hazards of large Wall Street banks, particularly…

Sep 11, 2024 •

August 2024

How Unelected Regulators Unleashed the Derivatives Monster – and How It Might Be Tamed

“It was not the highly visible acts of Congress but the seemingly mundane and often nontransparent actions of regulatory agencies that empowered the…

Aug 3, 2024 •

July 2024

The Supreme Court Takes on the Administrative State

In a highly controversial decision, the Supreme Court on June 28 reversed a 40-year old ruling known as Chevron deference, reclaiming the Court’s role…

Jul 13, 2024 •

June 2024

Why Does the Government Borrow When It Can Print?

In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding spending on…

Jun 18, 2024 •

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