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Autarky

America

Economic Evolution: Darwin’s Idiot Speaks, Part Six

20th February 2023 Going Postal 2

Transfer of our capacity to manufacture goods and mine energy and resources to developing countries served to endorse our virtual assets as we established and dominated new markets with economic colonialism. Ludwig von Mises noted [more…]

America

Economic Evolution: Darwin’s Idiot Speaks, Part Five

13th February 2023 Going Postal 1

FDR had abolished private ownership of gold money but retained gold as the underlying asset for U.S. currency, exchangeable one for the other. Variations in the price of U.S. currency in ounces of gold served [more…]

America

Economic Evolution: Darwin’s Idiot Speaks, Part Four

6th February 2023 Going Postal 3

One of Say’s Laws holds that “we produce to consume”. This is certainly the underlying theme of the Industrial Revolution with its accompanying exponential growth in production of technology, communication, and energy utilization. While private [more…]

Business

Economic Evolution: Darwin’s Idiot Speaks, Part Three

30th January 2023 Going Postal 0

Banking came up with its own methods of inflating the supply of legal tender-fiat money, fractional reserve lending. A bank comes to know (a version of the dispersal of knowledge of the market) how much [more…]

Business

Economic Evolution: Darwin’s Idiot Speaks, Part Two

23rd January 2023 Going Postal 1

Prior to written documents being exchanged as representations of mutually agreed perceived value, the concept of money arose amongst multiple trading groups. This may have taken place prior to the credit/debit system as a substitute [more…]

Business

Economic Evolution: Darwin’s Idiot Speaks, Part One

16th January 2023 Going Postal 3

Having been born into and grown up within the never-ending promise of prosperity guaranteed by Keynes’s gospel that saved us all from the purgatory of the Depression, I like others only began to see a [more…]

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