Tag: politics

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

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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War

The War of 1812: A Financial Crisis in Disguise

The War of 1812, fought between the United States and the British Empire (along with their respective Native American allies), is often understood as a geopolitical conflict. However, a deeper examination reveals that it was largely a consequence of underlying economic problems, particularly related to the creation and failure of the First Bank of the United States. Far from being merely a struggle for territorial … Continue reading The War of 1812: A Financial Crisis in Disguise

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Banking

The First Bank of the United States: A Precursor to Today’s Financial System

The establishment of the First Bank of the United States on February 25, 1791, marked a crucial turning point in the history of American finance. As the nation’s first central bank, its role and operations closely mirrored those of today’s Federal Reserve. This article explores the origins, impact, and enduring legacy of the First Bank of the United States, drawing comparisons between its functions and … Continue reading The First Bank of the United States: A Precursor to Today’s Financial System

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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, 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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Economics, Inflation

The Looming Threat of Hyperinflation: Lessons from History and the Road Ahead

The staggering $36 trillion debt faced by the U.S. government raises a critical question: How do we pay it off? The simple answer is—through inflation. With no real “cash” reserves to cover these debts, the only option left is to devalue the currency through the printing press. This erosion of purchasing power will destroy the savings of entire generations, setting the stage for the collapse … Continue reading The Looming Threat of Hyperinflation: Lessons from History and the Road Ahead

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