In 1941, the United States was first assigned the so-called “triple A” or AAA rating, a reflection of the widespread belief, at least in the free world, that the United States government could be relied upon absolutely to pay its debts. At the time, the United States had recently grown into the world’s largest economy. The dollar, after the end of the Second World War, became the world’s reserve currency under the terms of the Bretton Woods agreement. Other hard currencies were to be convertible to U.S. dollars, which were in turn convertible (for international investors, at least) into gold (the so-called “gold exchange standard”).

Though most Americans desire peace and freedom in the world, the Founding Fathers consistently stated that wherever the principles of ordered liberty arose among other nations of the world, America would be a friend and a sympathizer, but that it should not attempt to impose these principles politically upon another country.

The Obama administration has taken the next logical step in implementing its amnesty plan for illegal aliens. Having officially declared the DREAM Act law even though it failed in Congress, the administration is now reviewing 300,000 deportation cases with an eye toward stopping almost all of them.

Every four years, the two major political parties choose their nominees for President of the United States. The Republican and Democrat standard-bearers, like the political parties themselves, then represent the opposing sides of the political divide between conservatism and liberalism — or so we are told. In truth, though the major-party standard-bearers certainly appeal to different constituencies, the substance of what they would do as President is much more similar than their rhetoric suggests.

Thomas WoodsThe Nullify Now! tour continues to attract support as it makes its way across the United States. Last Saturday, the tour stopped in Kansas City, Missouri, where a number of prominent speakers spoke on the dangers of a growing federal government and encouraged the use of state nullification to overrule unconstitutional powers acquired by the federal government.