Gold and the Myth of "Fed Independence"
August 27th, 2025 • The Federal Reserve is an inherently political institution - not only because the seven members of its Board of Governors are appointed by the President with Senate confirmation, but also because America's entire monetary system is political in nature.
Paper Money as a Weapon of War
April 29th, 2025 • Perhaps none of those ships wreaked more havoc than HMS Phoenix, and it accomplished its devious work not with a cannon but with a printing press.
Ruining the Money
April 23rd, 2025 • By the start of the 20th Century, governments and their diplomats around the world dubbed the (Turkish) Ottoman Empire “the sick man of Europe.”
Government Money Incentivizes Debt
February 27th, 2025 • When money fails to achieve its role, it makes financial and economic planning harder to navigate, causing a real drag on our economic behavior—with the unfortunate outcome that we’re all poorer for it.
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