How FDR Spawned an Age of Inflation
Franklin Delano Roosevelt (FDR) confiscated (stole) the private gold holdings of ordinary Americans and defaulted on the promise to redeem US dollars in gold.
Franklin Delano Roosevelt (FDR) confiscated (stole) the private gold holdings of ordinary Americans and defaulted on the promise to redeem US dollars in gold.
The penny phenomenon is good example of what the federal government — and, specifically, the Federal Reserve — has done to our…
Modern monetary theory (MMT) is an accounting gimmick that promises to bend reality and time. There's nothing conservative about utopian Money For Nothing dreams.
DOGE should have discovered by now that we need to eliminate the federal government altogether. Or at the very least, they should bring on Ron Paul
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Maintaining the US dollar's status as "global reserve currency" may sound honorable, but is it really? Why continue propping up this destructive,…
Inflationary monetary policy benefits those who have first access to new money at the expense of those who do not. Wealthier individuals, businesses, and financial entities are the first recipients, allowing them to use this new money to their advantage by investing in assets that outpace inflation.
Fiat money has far-reaching cultural consequences, including the erosion of traditional values, the rise of materialism and short-term thinking, and the perpetuation of corruption and debt.
Always when new money is produced, there is a redistribution in favor of those who receive the new money and spend it at the old, still low prices and to the detriment of those who receive the new money later and see prices rise faster than their income.
Fiat money wrecks the culture in many ways. By creating near-permanent price inflation, the value of both your earnings and savings are reduced, thus nudging you into a short-term perspective.
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