Since fiat currencies, per se, are not redeemable for anything other than themselves, their very existence depends upon confidence. The issuing authority must not inflate the currency’s size to the point that it begins to [more…]
There is a very big difference between being an American and a citizen of any other nation We often hear that Americans are special. We may even say that ourselves. But what does that mean? [more…]
“Inflation is always and everywhere a monetary phenomenon.”–Milton Friedman “Inflation” is an increase in the money supply. Higher overall prices are the result of an increase in the money supply. To say that higher prices [more…]
The Unsavory Similarity Revealed It struck me that there are several similarities between Britain’s noble stand against Nazi Germany in 1940 and Iran’s stand against the US/Israel this year. The Battle for Britain 1940 After [more…]
I’m sure that most readers are shocked when they learn that a known criminal has been elected to an office of trust in some level of government. (I saw just the other day that a [more…]
My wife and I recently took a four day road trip to the Hudson, New York area to see some gardens and a couple preserved homes. We stayed the first night in quaint Hudson, NY, [more…]
This is not a frivolous claim, but the sure way to destroy a prosperous nation is to debase the currency. History is full of examples, from ancient Rome to the nascent French Republic to Weimar [more…]
So-called “Democratic Socialists” are winning elections in America (New York City and Colorado). I’m sure that no one who either is running on a socialist platform or who voted for a socialist candidate has ever [more…]
The military consequences of the Iran War have precedence in the 1415 Battle of Agincourt, in which an inferior number of English archers defeated a much superior number of French armored knights. Its implications reverberated [more…]
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