Category: Economics

Booms and Busts, Economics

The Panic of 1837: A Crisis Born from Fractional Reserve Banking, Not Jacksonian Reform

The Panic of 1837 has long been mischaracterized in many historical narratives as the direct consequence of President Andrew Jackson’s destruction of the Second Bank of the United States and the implementation of the Specie Circular. According to this view, Jackson’s opposition to centralized banking destabilized the economy and directly triggered the crisis. However, this interpretation not only oversimplifies a multifaceted economic breakdown but also … Continue reading The Panic of 1837: A Crisis Born from Fractional Reserve Banking, Not Jacksonian Reform

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Banking, Booms and Busts, Economics, Systems of Governance

The Fiat Currency Trap: How Central Banking Distorts Global Wealth and Production

The global economy operates under a fiat currency system controlled by central banking authorities, leading to severe imbalances in capital flows, wealth distribution, and real productivity. As central banks manipulate money supplies and interest rates, investors and speculators are forced to seek out the most profitable currencies for production. This results in artificial economic advantages for certain nations, while others are left struggling—not due to … Continue reading The Fiat Currency Trap: How Central Banking Distorts Global Wealth and Production

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Banking, Booms and Busts, Economics, Gold

The Panic of 1819: America’s First Economic Crisis

The Boom Before the Bust Following the War of 1812, the United States entered a period of rapid economic expansion. A surge in land speculation, fueled by easy credit and an abundance of paper money issued by state and local banks, led to skyrocketing land prices. Farmers, merchants, and speculators eagerly borrowed money to purchase land, believing that values would continue rising indefinitely. This speculative … Continue reading The Panic of 1819: America’s First Economic Crisis

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Banking, Economics, Systems of Governance, War

Central Banking: The Modern-Day King George

The American Revolution was a defining moment in history, sparked by the tyranny of King George III. His oppressive taxation and economic control over the colonies led to widespread resentment and ultimately rebellion. Today, central banking serves a similar function, exerting unchecked financial dominance over nations and individuals. Just as King George imposed excessive taxes without colonial representation, central banks devalue currency through inflation—an invisible … Continue reading Central Banking: The Modern-Day King George

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Banking, Economics, Systems of Governance, War

The Keynesian War Machine: How Governments Use Inflation and War to Escape Debt

Keynesian economics, rooted in the ideas of John Maynard Keynes, promotes government intervention to manage economic fluctuations. Keynesians argue that during downturns, governments should increase spending, even at the cost of deficits, to stimulate aggregate demand. They believe that markets do not self-correct quickly enough due to “sticky” wages and prices, justifying continuous intervention. However, this approach is fundamentally flawed and ultimately harmful to the … Continue reading The Keynesian War Machine: How Governments Use Inflation and War to Escape Debt

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Economics, Systems of Governance

Capitalism with Sound Money vs. Capitalism with Fiat Currency: Why Sound Money is the True Form of Capitalism

Capitalism, at its core, is an economic system based on individual rights, private property, voluntary exchange, and the free market. Over time, however, the monetary systems underpinning capitalism have evolved, with two distinct forms emerging: capitalism with sound money and capitalism with fiat currency. While both may appear to operate under capitalist principles, they differ drastically in how they manage wealth, exchange, and economic power. … Continue reading Capitalism with Sound Money vs. Capitalism with Fiat Currency: Why Sound Money is the True Form of Capitalism

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Booms and Busts, Economics

The Panic of 1796–1797: A Financial Crisis That Echoes Through History

The Panic of 1796–1797 stands as one of the earliest financial crises in the United States and serves as a timeless lesson in the dangers of speculative bubbles, credit overextension, and paper money. Triggered by a combination of these factors, the crisis offers a striking parallel to today’s financial landscape, where the same patterns of economic instability continue to unfold. This article delves into the … Continue reading The Panic of 1796–1797: A Financial Crisis That Echoes Through History

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Economics, Inflation

The Fiat Money Con: How Debt, Inflation, and Credit Rig the System for the Elite

The Mechanics of a Fiat Debt-Based Economy and Its Implications In the current economic system, there are two main groups that benefit from the fiat debt-based economy: the creators—central banks and primary dealers—and those with assets and the knowledge to play the game. If you had $1,000,000 in 1971 when this system truly took off, and wanted to build a real estate empire, the path … Continue reading The Fiat Money Con: How Debt, Inflation, and Credit Rig the System for the Elite

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Booms and Busts, Economics

Tulip Mania: The First Speculative Bubble

Tulip Mania was a speculative bubble that occurred during the Dutch Golden Age in the early 17th century when prices for certain tulip bulbs reached extraordinary levels. Starting around 1634, tulip prices soared due to the popularity and rarity of certain varieties, leading to a frenzy of trading among wealthy Dutch citizens and speculators. By February 1637, the bubble burst, and prices collapsed dramatically, leaving … Continue reading Tulip Mania: The First Speculative Bubble

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Economics, Systems of Governance

The False Promise of Socialism: Why Fiat Corporatism, Not Capitalism, Creates Inequality

Socialism has long been presented as a solution to the perceived failures of capitalism, but what many fail to realize is that what is commonly labeled as capitalism today is not true capitalism at all. A genuine free market operates under sound money—gold, silver, or another asset-backed currency that holds its value over time. In this system, prices naturally decline due to increased productivity, benefiting … Continue reading The False Promise of Socialism: Why Fiat Corporatism, Not Capitalism, Creates Inequality

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