Month: September 2020

#73 Income Inequality and Inflation

It can be confusing to some, to understand the interactions between income and the soundness of money. Of course, the politically popular answer to income inequality under expansionary monetary policy is destructive minimum wage regulation….

#72 The Panic of 1819

In our post of The Panic of 1837 I briefly touched on how the Panic of 1819 led to a revival in Jeffersonian economic thinking. The Panic of 1819 was the first widespread financial crisis…

#71 The Student Debt Bubble

There is a growing chorus in America, especially among the youth, for an outright cancellation of outstanding student loan debts and a total subsidization of all secondary education at the federal level. After all, costs…

#70 The Panic of 1837

In a continuation of our panic series today we will cover the Panic of 1837, but to do so requires rewinding clock back to the aftermath of the Panic of 1819. Again, I will draw…

#69 Compensation and Healthcare

The nature of government monopolies and price inflation through monetary expansion means that on a year over year basis the cost of goods and services goes up. This is a fairly baseline understanding, regardless of…

#68 To Each According to His Need

A complaint you will often hear from the commons is that the “rich don’t pay their fair share”, but what does this actually mean? These people, generally speaking, are advocating for a world where less…

#67 The London Gold Pool

From 1961 to 1968 Western Banks corroborated in what was known as the London gold pool. Essentially The United States and a handful of European nations pooled their gold resources into the London gold exchange…

#66 The Panic of 1857

As we continue to work our way back in time, understanding the nature of banking and its historical changes grows more complex. For a deep dive, I suggest Murray Rothbard’s A History of Money and…