Today we will be continuing our look at another of the abhorrent FDR economic policies of the New Deal. In order to understand how we arrived at absurdly silly modern day government economic interventionism, we…
As we discussed yesterday in Issue #18 Bills of credit issued by the people can only hope to circulate as a monetary medium based on the markets faith in their value. This is quite different…
United States Constitution, Article I section 8 & 10: “Congress shall have the power to borrow money, to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and…
As we discussed in Issue #16, hoarding (saving) is a productive use of capital. Today we will cover how the Keynesians conflate saving with that of “unproductive capital”. Let’s start off with an illustration. You…
If you recall, in the past we spoke about a different kind of hoarding, more specifically the hoarding of money like assets. We covered how this is dangerous and unproductive for society. Now it is…
Some economists have claimed that transitioning away from the Gold Standard under Bretton woods has had no impact on the growth of debt in the current economy. But is this really true? This claim should…
I plan on eventually doing full coverage of the many nefarious undertakings in New Deal era policy making, but let’s start it off with an old favorite. Executive Order 6102 was signed on April 5,…
Progressive political pundits will often push for mandatory higher “living wages”, which tends to be a very popular political strategy… And certainly, why wouldn’t it be popular? After all, what man doesn’t seek to improve…
Private property seems to be a subject of growing contention in today’s political climate. The clamorous demand for socialism grows louder as wealth inequality becomes increasingly stratified between the have’s and the have not’s. It…
Keynesians conflate saving with hoarding. “We must have inflation”, they proclaim, “without it, the economy would grind to a halt as every man turns into a greedy hoarder of his money”. But these Keynesians fail…
