Issue #89 Looting the treasury
We are at the “looting the treasury” stage of empire collapse. That’s what I keep hearing. But I don’t believe this is accurate. The looting of the GAE treasury took place under the Bretton Woods…
Category: General
#88 Treasuries are Tanking. Why?
It’s no secret that treasuries have been tanking. The conjecture postured here is that with treasuries in a secular downtrend, the equities market traditionally follows. In fact, the previous 40 year secular bull market in…
Reader Q&A: Why Did You Create WTF Happened in 1971?
Recently had a viewer reach out to us with some questions on twitter so we thought it would make for a good blog post. What drove you to create the site? What has been the…
Fiat Lux: The Origins of Modern Money
Author’s note: This article was originally written by Heavily Armed Clown and published on medium in the Spring of 2021 (and then also published in Bitcoin Magazine), but it was a compilation of a lot…
#77 Reader Q&A: Unemployment and Recessions
Hi guys, A friend pointed me at Unpopular Opinions 119 where you are Ben wereguests. I hadn’t seen it before or heard of WTF1971 or Bitcoin EchoChamber. You stood out as the one who could…
#76 Base Layer Settlement
An important distinction we like to make, which I feel is often lost in confusion these days, is that the differences between a currency and money is mostly semantics. Allow me to explain… The historical…
#75 The Asymmetry of Risk & Reward
It seems to be commonly misunderstood today, the relationship between risk and profit for the entrepreneur and the vital role the accumulation of capital plays in a free and fair society. An entrepreneur (or at…
#74 The Panic of 1792 & 1796-1797
We are nearly finished with our series covering each of the financial panics in the US prior to the Great Depression. We’ve identified, through our look at history, what I believe to be a string…
#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…