The Super Debt Clock

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FreeMarket Central

Click here for the best Debt Clock you will ever lay your eyes on.

The US Debt Clock provides the most comprehensive numerical picture of the national debt and what makes it the monster it is today: soaring spending on pensions, entitlements, interest and countless other “items.”

Click on most of the chart numbers, and explanations pop up at the top of the page.

Why should we care? Because government has to get the money from somewhere. Too often that means turning on the printing press, creating dollars from thin air.

The result: Your money is worth less by the year.

Click here for the government’s own CPI Inflation Calculator. It shows how our spending power has declined thanks to the gradual weakening of the dollar. Calculate what one dollar in 1980 is worth today. You’ll be in for a shock.

Moral of the story: Runaway government debt isn’t our children’s problem. It’s our problem. Not tomorrow— but right now.

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Voices From The 2017 International Students For Liberty Conference

In Search Of History

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4,000 Years Of Price Control

Tablets, said to be 200 years older than the Babylonian Code of Hammurabi ... show that the ancient kingdom of Eshnunna had wage control and price control. The news ought not to have come as a surprise. For the code of Hammurabi itself (unearthed in 1902), which was promulgated earlier than 2000 B.C., fixed prices, wages, interest rates, and fees. This makes price control at least about 4,000 years old. ...

 

Ironically, it is those who now wish to return to this ancient totalitarian device who are fondest of calling themselves “progressives.” They are also fond of saying that those who believe in economic liberty “are living in the nineteenth century.” These controlists have yet to learn that they themselves are still living, as the discoveries in Babylonia attest, in the nineteenth century—B.C.!

-- Henry Hazlitt,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.05%
    FreeMarket Central Shadow Stats: 21.5%
  • Inflation:
    FreeMarket Central July Year-to-Year: 2.87% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]

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