Housing isn’t the only bubble the feds helped create. Debt has been driving up the price of all sorts of consumer goods for years. Higher education has been no exception. Thanks to debt the feds make available for schooling — directly through federal student loans and indirectly by artificially lowering the ...read more

Detroit must be feeling like a streetwalker far past her prime. Some 9,000 homes and lots went up for tax foreclosure auction in the American symbol of industrial urban failure…yet 80% of them remain unsold despite a minimum bid of $500. How the world turns. Once Detroit was a dynamic city, the urban ...read more

Looks like I started kicking myself too soon. A few weeks ago I explained why I’m going to have to spend the next few years as an indentured servant to the feds to pay the taxes and penalty on my 401(k) withdrawal…but if I hadn’t done it when I did, I ...read more

I was more than a little thrilled to hear about a new potential pandemic. I was more than a little disappointed when I found out it didn't involve zombies. I should admit up front that I am a doom-and-gloom sort through and through. I'm also a fan of spectacular collapses, disasters...and ...read more

Your editor is as rueful as can be today, Shooters…absolutely full of rue… I’m like a former child star, tidying up the cell he shares with his prison boyfriend and wondering where it all went wrong... How many of you are wondering on this latest April 15 — as I am — ...read more

Morning Whiskey: The First Shot’s on Me Greeting Shooters, Your submissions are rolling in, but I figured I’d pour the first shot. Welcome to Morning Whiskey. We’re going to use this little corner of our site to feature your thoughts on the matters dear to all the hearts at this bar. First up: Muntadhar ...read more

Credit isn’t wealth. A lot of people are discovering that the hard way. Welcome to the credit deflation prelude to hyperinflation. During a credit deflation, things get cheaper. Without lines of credit, people can’t bid things up and prices fall to their “cash on hand” level. Given a long enough time, ...read more

In a few days the offspring of the sexual congress between an African black (who really and truly was from an actual nation in Africa) and an American white of European descent will be sworn in as president of the United States. I don’t think this amounts to much at ...read more

As we hunker down in the Whiskey Bar and await the hyperinflationary doom that is bound to come, we have to marvel at the reasons for and manner of our nation’s destruction. As a group currently numbering somewhere around 300 million souls, we’ve sold out our security, freedom and future ...read more

One of the conditions of employment as managing editor for Whiskey & Gunpowder—aside from rabid adherence to Austrian School economics—was relocation to Baltimore. I really didn't think much of it at the time. I'd spent nearly my entire life in one of the four boroughs of the City of New ...read more