Part One is here. If bureaucracy is resilient, then trade is eternal. Far from being a recent development of modern technology, archeological evidence shows global trade predating the Iron Age. In the 3rd millennium B.C., [more…]
For any reasonably well read adult, any amateur student of history or any responsible citizen for that matter, the idea that ”war is the health of the State” should be adjacent to a truism. After [more…]
This morning, you opened your phone and started scrolling. Your screen presented you with the usual updates: the nth wave of covid, the seemingly endless tussle in Ukraine, and all the usual suspects in the [more…]
Autumn’s been wet but mild up here in the north western wastelands, leading to an explosion of colour in the flora of the area which has lasted well into November. I took a walk in [more…]
What Is Legal Money? Before delving into the dangers of eliminating cash and mandating that all transactions be conducted by digital means, let us briefly discuss the legal aspects of money. In the United States, [more…]
Great forces are in place to change the world in which we have lived since the end of the Bretton Woods Agreement in 1971. These forces cannot be stopped. The leaders of Western democracies are [more…]
We are all aware daily of our ongoing “conflict” with our new chief “adversary” in the world, the Chinese Communist Party. Warnings about the need to increase defense spending to prepare for possible war with [more…]
Since the Bretton Woods Agreement in 1944 the dollar has been the world’s preferred reserve currency; i.e., the major trading nations of the world were willing to hold dollars in vast amounts to satisfy their [more…]
If this kind of theoretical reasoning seems too abstract, let us think about it more practically: Any public servant, any member of government, and even the leader of a nation, has very different motivations than [more…]
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