"America, above all countries, was born in an explicitly libertarian revolution, a revolution against empire; against taxation, trade monopoly, and regulation; and against militarism and executive power."
Over the weekend, Federal Reserve Chair Jerome Powell said the Department of Justice served the Fed with grand jury subpoenas. Powell says it’s all a sham. But the stakes are unprecedented: A potential criminal indictment. Central bank independence. Today on the show, the administration’s case against the Fed. How did we get here? And what comes next?
While Americans are known for their generosity, the U.S. government, increasingly, is not. The Trump administration’s cuts to SNAP benefits among other aid programs have forced states, foundations and donors to fill the gaps. But can they? On today’s show, the limits of philanthropic efforts to supplant federal aid.
The standard explanation for the Constitutional Convention was that the Articles of Confederation were a failure. However, the Articles actually worked the way they were supposed to work. Unfortunately, the advocates of a strong central government ultimately got their way.
When people think of oil rich nations their mind generally goes to Saudi Arabia, Iraq and the US.
But according to international statistics, the country with the largest oil reserves is Venezuela, with 300 billion barrels worth.
At their peak they produced over 3.5 million barrels of the stuff per day. However, due to lack of investment, sanctions and mismanagement that peak is long gone.
Following their military intervention, the US administration claims they can get Venezuela's oil production up and running at full capacity within 18 months.
But can they, and why is it that estimates for other countries oil reserves have fluctuated but Venezuela’s has stayed at 300 billion barrels for over two decades?
Presenter: Tim Harford
Producer: Lizzy McNeill
Series Producer: Tom Colls
Editor: Richard Vadon
Production Co-Ordinator: Brenda Brown
Sound Mix: Dave O’Neill
Anti-impact environmentalists want you dead; they will settle, in the short term, for you to feel guilty for existing, producing and consuming, and willing to comply with any degree of central planning and freedom curtailment to “save the planet” from you.