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…]
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…]
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…]
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…]
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…]
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…]
Virtually all measures tried to date to restore faith in our election process and thus the election results at all levels have been turned aside procedurally by our self-interested institutions. However two new cases at [more…]
Efforts to ensure “democracy” in recent years have focused on expanding not voting rights, already well-established, but voting convenience and capacity. The methods chosen empower opportunities for election irregularities or outright fraud. These new rules [more…]
Our Presidents,contrary to their campaigns and acolytes,are not elected as Kings or even, as President Biden seemed to imply at his September 1 2022 “Nuremberg” speech, as The Leader. We elect Presidents to faithfully enforce [more…]
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