Author: Tower Goose

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…

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…

The Panic of 1907 was a period of monetary contraction leading to a financial/banking crisis which set the tone for the creation of a central bank in the United States (The Federal Reserve). The panic…

Many people mistakenly blame our current financial crises on fractional reserve lending. I believe this is an incorrect position. By definition, any lending institution is to some degree under-collateralized. This simply must be the case….

With all the recent talk about systemic inequalities it’s helpful to remember the words of Milton Friedman: “Inflation is taxation without legislation”. We’ve discussed a great deal in the past how inflation redistributes wealth to…