To the economic and political detriment of the Western world and those economies beyond which have adopted its precepts, 2016 marks the eightieth anniversary of the publication of one of, if not, the most influential economics books ever penned, John Maynard Keynes’ The General Theory of Employment, Interest and Money. Sadly, even to this day, … Continue reading John Maynard Keynes’ “General Theory” Eighty Years Later
Franklin Delano Roosevelt called the Japanese “surprise” attack on the U.S. occupied territory of Hawaii and its naval base Pearl Harbor, “A Date Which Will Live in Infamy.” Similar words should be used for President Nixon’s draconian decision 45 years ago this month that removed America from the last vestiges of the gold standard. On … Continue reading “A Date Which Will Live in Infamy:” President Nixon’s Decision to Abandon the Gold Standard
Despite trillions of paper currency units poured into the world economies since the start of the financial crisis, there has been no recovery, in fact, all legitimate indicators have shown worsening conditions except, of course, for the pocketbooks of the politically -connected financial elites. Yet, despite the utter failure of the current money and banking … Continue reading Don’t Expect a Return to a Gold Standard Any Time Soon
Last week, an Irish court sentenced three prominent banksters for their roles in the 2008 financial crisis. Judge Martin Nolan, who pronounced judgment, said that the bansksters had committed "a very serious crime." He continued, "The public is entitled to rely on the probity of blue chip firms. If we can't rely on the probity … Continue reading Jailing Banksters Will Not Resolve the Economic Crisis
It has been theoretically demonstrated and seen in general practice that a monetary system of 100% metallic money devoid of central banking checks monetary inflation, prevents a general rise in the price level, and eliminates the dreaded business cycle while making all sorts of monetary mischief nearly impossible. A gold standard is not only economically … Continue reading The Gold Standard: Friend of the Middle Class
Has Got to GO! Those who believe that the Western world can solely be turned around by the enactment of sound economic policies are sadly mistaken. Until the Left is not only defeated, but annihilate in the culture war, the decline of the West both economically and socially will continue as recently witnessed by the … Continue reading Rock ‘N’ Roll Has Got to GO!
One of the biggest misconceptions held among the independent and alternative media is that of feudalism and the political, economic and social arrangements which characterized that unfairly maligned epoch. Derogatory language is often used to describe feudal times with commentators often suggesting that today’s political and financial elites seek to return mankind to such a … Continue reading Feudalism: Was it so Bad?
The Oppressed U.S. Taxpayer This year, Americans' day of tribute to their federal overlords falls on April 18. As calculated by the Tax Foundation, the average American will work from January 1 to April 24 (Tax Freedom Day) to pay his share of taxes to all levels of government with some $3.3 trillion to be … Continue reading A Morally Sound Tax Reform Proposal
At one time, Holy Week – Palm Sunday through Easter Sunday – was recognized and commemorated by the Western world as a solemn period where earthly matters were put aside and focus was directed to history's most seminal event. Most businesses were closed or had reduced hours especially during the Sacred Triduum of Maundy Thursday, … Continue reading Holy Week and the Decline of the West
The dramatic fall in the global price of oil is being cited by the financial press, government officials, and academia as the catalyst for the recent abysmal U.S. economic data which shows that the economy is, in all likelihood, sliding into a recession or worse. While falling oil prices sound like a plausible explanation for … Continue reading Falling Oil Prices Not the Reason for U.S.’s Economic Woes
Antonius Aquinas 