#30 Deflation is Accountability

It is that simple. Don’t believe me? Here’s an excellent research piece put out by the St. Louis Fed on changing trade relationships during and following the gold standard in the US. And yet, 10…

#29 Properties of Money

In our journey to understand money, we must outline what properties can be observed in good monies, versus bad ones. I’ll be borrowing these criteria from a list put together by my friend Andy Edstrom…

#28 The Battle of Waterloo

I promise my constant history lessons are always economically relevant. Fear can be created and perpetuated by information asymmetry and is often very profitable when used correctly. In 1815, Napoleon Bonaparte was finally defeated in…

#27 The Coincidence of Wants

Contrary to popular euphemisms, money is not a shared illusion. If you study monetary history you will find that societies historically converged on a single, most saleable good as “money”. But the reasons for this…

#26 Intrinsic Value Doesn’t Exist

Did you get a chance to watch the new Hard Money Documentary? Whenever you hear someone start talking about the “intrinsic value of money”, several things should become immediately obvious. Firstly, they have never read…

#25 Sons of Liberty

Today is a day that lives in history, in America anyway. The pronouncement of the American Declaration of Independence, something every child learns about in school and certainly a feat to be remembered. Never before…

#24 Independence of Mind

“Independence of mind or strength of character is rarely found among those who cannot be confident that they will make their way by their own effort.” -F A Hayek And that my friends is exactly…

#23 The Pessimism of the Luddite

Many are under the mistaken impression that technology is taking away all of our jobs. What they might be surprised to learn is that this is not a new position. The term Luddite actually draws…

#22 Passive Income is a Lie

Recently Voima Gold reached out to us for an interview to better understand some of our motivations and thoughts behind the website. You can find the article Voima published covering our interview here, or if…

#21 Fake Money, Fake Food

Yesterday, in Issue #20, we discussed government intervention in agriculture. Which in the US, had its birthing under the New Deal in the 1930s. The government is still to this day, heavily involved in nonsensical…