Fiat money and overbearing legislation (which also creates legal monopolies) has overwhelming crushed entrepreneurship in the west. Browse through some of the data presented below to get a picture of the landscape. Not only does…
How good are your pattern recognition skills? If you remember our previous two posts covering the panics of 1907 and 1893 you would recall that a common theme presents itself. Periods of artificial monetary expansion,…
In case you missed our fantastic interview with Mark Moss, check it out here. Today we have a new story with an all too familiar theme. A continuation of our look at the panics of…
Since someone took it upon themselves to sign me up for some sort of MMT “tokenomics” newsletter and I was forced to suffer through reading a dozen paragraphs of nonsense about the utility of value…
We’ve discussed previously how monetary expansion and deficit spending are a political mainstay. It’s actually quite frustrating to watch the dog and pony show that is the current American political theater in the midst of…
Inflation is a term which has been co-opted to purport certain narratives. Today, when we think about the word inflation, as any trained economist would tell you, we are referring to the Consumer Price Inflation…
Private property is one of the most essential foundations of a free and flourishing society. I’ve heard it said by fools that the theft or attempted theft of one’s property is not violence. This…
On August 15th 1971, 49 years ago today, Richard Nixon, the only president of the US to ever resign, announced to the public: I have directed Secretary Connally to suspend temporarily the convertibility of the…
Governments have traditionally generated revenue either via some form of direct taxation or through tariffs. In 1913, one of the progressive darling Woodrow Wilson’s priorities was to replace a large portion of the Federal government’s…
As we discussed last time, the Panic of 1907 set the stage for the creation of the Federal Reserve in 1913. The dominant narrative among many bankers was that a more elastic money supply was…
