Fiat Currency Graveyard: A History of Monetary Folly
This article has been moved to the Gini Foundation website . The Gini Foundation is focused on building cryptographically secure technologies that protect human rights, provide...
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148 articles
This article has been moved to the Gini Foundation website . The Gini Foundation is focused on building cryptographically secure technologies that protect human rights, provide...
Read MoreSelf-Censorship Destroys Accountability and Democracy. A free society and a free press are required to protect citizens from government and corporate tyranny. But when five giga...
Read MoreThis article is a follow-up to Is U.S. Foreign Policy Controlled by Corporations? No matter how much evidence you present to some people, they still cannot escape their propagan...
Read MoreIn the Beginning. . . American foreign policy has been an influential driver of global economic and geopolitical affairs for over two centuries. After the ratification of the U....
Read MoreAncient Roots. The interdependent fields of modern Economics and Political Economy today are the result of thousands of years of accumulated economic ideas and philosophical inq...
Read MoreMost people have never read Adam Smith’s book, The Wealth of Nations ; and far fewer have read the complete, unabridged version, which exceeds 1,100 pages. This is understandabl...
Read MoreTo avoid political and ideological confusion and to ensure that our analysis remains as objective and politically neutral as possible in the articles and books I write, it’s imp...
Read MoreThe difference between “Classical Liberalism” and “Neoliberalism” is confusing to many people; so, let’s briefly summarize these terms and some of the people and ideas associate...
Read MoreThis article was originally in my recent book, GINI: Capitalism, Cryptocurrencies, and the Battle for Human Rights . However, some people said it was too data-heavy for the book...
Read MoreThis article was originally in my recent book, GINI: Capitalism, Cryptocurrencies, and the Battle for Human Rights . However, some people said it was too data-heavy for the book...
Read MoreMany American political scientists and commentators seem to be oblivious to the long history of American intervention in Syria since the late 1940s. They also seem to ignore wes...
Read MoreI was recently asked, "Why is the U.S. Government involved in Afghanistan?" Aside from the idiotic "War on Terror" justification given by the Bush, Obama, and Trump Administrati...
Read MoreI was asked that question recently. Here was my response: For the first 123 years of the USA's existence, the U.S. Founding Fathers and all U.S. presidents were committed to: "p...
Read MoreThis presentation was produced for a university lecture that I gave. It covers the basic mechanics of the global currency exchange rate system. I was asked to critique another e...
Read MoreWith the benefit of hindsight, it’s often easy to second-guess historically important decisions. World War II is filled with many momentous decisions taken by the Allied Powers...
Read MoreGang Behavior. Have you ever been a member of a street gang fighting rival gangs over gangland territory? How about a sports team gang preparing to demolish the other guys ? A c...
Read MoreI recently had a conversation with a colleague about the clash between science and ethics. Below is a brief summary of my response to him. The Concept of Eugenics Highlights the...
Read MoreThe modern age in the field of Economics was born from the destruction of Europe in World War I. That war inspired a young British economist—John Maynard Keynes—to closely exami...
Read MoreThe “War on Drugs” Begins. In 1971, U.S. President Nixon declared the “War on Drugs” . He said, “America’s public enemy number one in the United States is drug abuse,” but Nixon...
Read MoreIf you have not seen this thought-provoking, free film on YouTube , please watch it. As you watch it, try to block out all your preconceived notions about North Korea, the Unite...
Read MoreThe Job Apocalypse. It’s difficult to understand and appreciate why the U.S. and global economies are in so much trouble today without understanding the truth about the unemploy...
Read MorePaths to Truth or Fiction? There can be many paths to truth, but truth only exists when it's supported by verifiable facts. When a given path (e.g., in alphabetical order, Al Ja...
Read MoreThe Birth of an Ayn Rand Disciple. I was an avid fan of Ayn Rand for most of my life. I devoured her books, including Atlas Shrugged , Anthem , and her nonfiction essays. I thou...
Read MoreIs Indonesia’s free trade policy today achieving broadly shared prosperity? If it is, then we should see economic and human health outcomes that result in the broad creation and...
Read MoreIntroduction to LibroGod. A friend of mine (I'll call him LibroGod.) is an accomplished business person and a fanatical connoisseur of "important books." LibroGod has collected...
Read MoreThis was a research project that I worked on with several colleagues to evaluate the economic and political conditions in Belgium. Belgium has a very unique political culture an...
Read MoreMy professional life depends on rationally separating facts from fiction, evidence-based economic analysis, data-driven decision-making, and real-world experience. In fact, I’ve...
Read MoreGermany has such an extraordinary level of institutional integrity and higher quality governance than virtually any nation on Earth. So I spent some time studying their system a...
Read MoreThis has always been an interesting philosophical and cultural question: After World War II, in general, why did German society accept responsibility for Nazi atrocities while J...
Read MoreWhat International Relations framework is most capable of dealing with global terrorism in the 21 st Century and beyond? This is a question I have been asked several times. Ther...
Read MoreMany people have a vague sense that the financial system is broken and corrupt, but they often don't know how to explain exactly what is wrong. This is understandable because th...
Read More“Freedom or death” is Uruguay’s national motto. Those three words give us meaningful insight into Uruguay’s national psyche, its cultural affinity for the principles of civil li...
Read MoreEconomic Models Collapse in the Real World. Economic neoliberalism is a theoretical economic framework that many academics and political and business leaders like to promote bec...
Read MoreThe Genesis of Today’s Global Economy. When the international trade regime (GATT, WTO, NAFTA, etc.) that dominates the world today was created between 1947 and the 1990s, it was...
Read MoreAmericans Have a Choice Between Two Insane Options. They are forced to choose between an insane foreign policy and an insane nuclear weapons policy . Recently, I had a conversat...
Read MoreThe Nature vs. Nurture False Dichotomy. It requires a kind of religious zealotry or willful blindness to believe that biology is the primary determinant of social behaviors and...
Read MoreDangerous Products Should Have Warning Labels. Products that come with plastic bags that can suffocate and kill children have warning labels. Economic policies that can suffocat...
Read MoreThere are two fundamental problems with the United Nations: representation and cost allocation. The problems can be summarized as follows: UN General Assembly Representation – T...
Read MoreThe Inventor of Fiat Money Finally Joins the Global Fiat Money Cartel. The Chinese currency (Yuan) has finally joined the elite club of national currencies in the IMF’s Special...
Read MoreValue Systems Should be Based on Facts. The values of a society are either based on facts or they are not. If values are not based on facts, then they are based on delusions, fa...
Read MoreWhy is Truth Often Disregarded as a Conspiracy Theory? This is an important question because a society that can't distinguish between truth and untrue conspiracy will inevitably...
Read MoreIn " Unknown Truth or Untrue Conspiracy? ” and “ Is Institutional Corruption Only a Conspiracy Theory? ” we learned about some of the most shocking government and corporate “con...
Read MoreThis article is intended as a map to hundreds of documented sources of government and corporate corruption and malfeasance. From now on, if you ever see anybody say, “It’s not t...
Read MoreWinston Churchill was a British politician, military veteran, journalistic war correspondent, and Nobel Prize-winning author of numerous historical and literary works. He served...
Read MoreThe hostilities between Germany and the Allied Powers during World War I officially ended with the signing of an armistice on November 18, 1918. Thereafter, the Treaty of Versai...
Read MoreThe Biggest Mistake of the 20 th Century. “If we can’t persuade nations with comparable values of the merit of our cause, we’d better re-examine our reasoning,” said Robert McNa...
Read MoreI've seen many people ask questions like, "How was it possible for Hitler to amass so much power so quickly without any resistance from the other European countries?" This is an...
Read MoreSpheres of Reality. The composition of this world can be analyzed and defined in many ways. There is the sphere of economics, the sphere of politics, and other social science sp...
Read MorePreface. To avoid any confusion, I want to emphasize up-front that all the functions of the Federal Reserve (and any central bank) are entirely unnecessary in an economy based o...
Read MoreAmericans Are Sentenced to Generational Debtor's Prison. As we learned in Part 1 and Part 2 of this "What Caused the Great Depression?" series, specific humans in the U.S. Congr...
Read MoreToo Much Debt. The total private debt-to-GDP ratio in the United States was nearly 300% by the time the Great Depression started in 1929. In fact, “never before in this country...
Read MoreBad Diagnosis Leads to Bad Solutions. This is the most important question that any person can ask if they want to understand how an economy works and what is wrong with their ec...
Read MoreRise of the Political Party Machines. The two-party political system in the United States has not always existed. The U.S. Constitution contains nothing about political parties...
Read MoreThe CIA, Crack Cocaine, and the Sabotage of Nicaragua. During the 1980s the White House and several influential members of Congress gave explicit and detailed orders to the Stat...
Read MoreThe Pain-Pleasure Principle in Geopolitics. All behavior in the animal kingdom is governed by the avoidance of pain and the pursuit of pleasure. As we ascend from the primitive...
Read MoreShould a State Seek Hegemony? “Hegemony” should be defined before discussing this topic. My definition: “Hegemony describes a dominant state’s capacity to compel other states in...
Read MoreWhenever I watch documentaries like “ No End In Sight ” that illustrate the gross incompetence and corruption in the U.S. Government’s (USG) senior political leadership ranks, I...
Read MoreMarch 4, 1801 FRIENDS AND FELLOW-CITIZENS, Called upon to undertake the duties of the first executive office of our country, I avail myself of the presence of that portion of my...
Read MoreFriends and Citizens: The period for a new election of a citizen to administer the executive government of the United States being not far distant, and the time actually arrived...
Read MoreConcluding Remarks From McLEAN'S Edition, New York. Author: Alexander Hamilton To the People of the State of New York: ACCORDING to the formal division of the subject of these p...
Read MoreCertain General and Miscellaneous Objections to the Constitution Considered and Answered From McLEAN'S Edition, New York. Author: Alexander Hamilton To the People of the State o...
Read MoreThe Judiciary Continued in Relation to Trial by Jury From McLEAN'S Edition, New York. Author: Alexander Hamilton To the People of the State of New York: THE objection to the pla...
Read MoreThe Judiciary Continued From McLEAN'S Edition, New York. Author: Alexander Hamilton To the People of the State of New York: THE erection of a new government, whatever care or wi...
Read MoreThe Judiciary Continued, and the Distribution of the Judicial Authority From McLEAN'S Edition, New York. Author: Alexander Hamilton To the People of the State of New York: LET U...
Read MoreThe Powers of the Judiciary From McLEAN'S Edition, New York. Author: Alexander Hamilton To the People of the State of New York: To JUDGE with accuracy of the proper extent of th...
Read MoreThe Judiciary Department Continued From McLEAN'S Edition, New York. Author: Alexander Hamilton To the People of the State of New York: NEXT to permanency in office, nothing can...
Read MoreThe Judiciary Department From McLEAN'S Edition, New York. Author: Alexander Hamilton To the People of the State of New York: WE PROCEED now to an examination of the judiciary de...
Read MoreThe Appointing Power Continued and Other Powers of the Executive Considered From the New York Packet. Friday, April 4, 1788. Author: Alexander Hamilton To the People of the Stat...
Read MoreThe Appointing Power of the Executive From the New York Packet. Tuesday, April 1, 1788. Author: Alexander Hamilton To the People of the State of New York: THE President is "to N...
Read MoreThe Treaty Making Power of the Executive For the Independent Journal Author: Alexander Hamilton To the People of the State of New York: THE President is to have power, "by and w...
Read MoreThe Command of the Military and Naval Forces, and the Pardoning Power of the Executive From the New York Packet Tuesday, March 25, 1788. Author: Alexander Hamilton To the People...
Read MoreThe Provision For The Support of the Executive, and the Veto Power From the New York Packet Friday, March 21, 1788. Author: Alexander Hamilton To the People of the State of New...
Read MoreThe Same Subject Continued, and Re-Eligibility of the Executive Considered From the New York Packet Friday, March 21, 1788. Author: Alexander Hamilton To the People of the State...
Read MoreThe Duration in Office of the Executive From the New York Packet Tuesday, March 18, 1788. Author: Alexander Hamilton To the People of the State of New York: DURATION in office h...
Read MoreThe Executive Department Further Considered From the New York Packet Tuesday, March 18, 1788. Author: Alexander Hamilton To the People of the State of New York: THERE is an idea...
Read MoreThe Real Character of the Executive From the New York Packet Friday, March 14, 1788. Author: Alexander Hamilton To the People of the State of New York: I PROCEED now to trace th...
Read MoreThe Mode of Electing the President From the New York Packet Friday, March 14, 1788. Author: Alexander Hamilton To the People of the State of New York: THE mode of appointment of...
Read MoreThe Executive Department From the New York Packet Tuesday, March 11, 1788. Author: Alexander Hamilton To the People of the State of New York: THE constitution of the executive d...
Read MoreObjections to the Power of the Senate To Set as a Court for Impeachments Further Considered From the New York Packet. Tuesday, March 11, 1788. Author: Alexander Hamilton To the...
Read MoreThe Powers of the Senate Continued From the New York Packet. Friday, March 7, 1788. Author: Alexander Hamilton To the People of the State of New York: THE remaining powers which...
Read MoreThe Powers of the Senate From the New York Packet. Friday, March 7, 1788. Author: John Jay To the People of the State of New York: IT IS a just and not a new observation, that e...
Read MoreThe Senate Continued For the Independent Journal. Author: Alexander Hamilton or James Madison To the People of the State of New York: A FIFTH desideratum, illustrating the utili...
Read MoreThe Senate For the Independent Journal. Author: Alexander Hamilton or James Madison To the People of the State of New York: HAVING examined the constitution of the House of Repr...
Read MoreThe Same Subject Continued: Concerning the Power of Congress to Regulate the Election of Members From the New York Packet. Tuesday, February 26, 1788. Author: Alexander Hamilton...
Read MoreThe Same Subject Continued: Concerning the Power of Congress to Regulate the Election of Members From the New York Packet. Tuesday, February 26, 1788. Author: Alexander Hamilton...
Read MoreConcerning the Power of Congress to Regulate the Election of Members From the New York Packet. Friday, February 22, 1788. Author: Alexander Hamilton To the People of the State o...
Read MoreObjection That The Number of Members Will Not Be Augmented as the Progress of Population Demands Considered Author: James Madison To the People of the State of New York: THE rem...
Read MoreThe Alleged Tendency of the New Plan to Elevate the Few at the Expense of the Many Considered in Connection with Representation From the New York Packet. Tuesday, February 19, 1...
Read MoreThe Same Subject Continued: The Total Number of the House of Representatives From the New York Packet. Tuesday, February 19, 1788. Author: Alexander Hamilton or James Madison To...
Read MoreThe Total Number of the House of Representatives From the New York Packet. Friday, February 15, 1788. Author: Alexander Hamilton or James Madison To the People of the State of N...
Read MoreThe Apportionment of Members Among the States From the New York Packet. Tuesday, February 12, 1788. Author: Alexander Hamilton or James Madison To the People of the State of New...
Read MoreThe Same Subject Continued: The House of Representatives From the New York Packet. Tuesday, February 12, 1788. Author: Alexander Hamilton or James Madison To the People of the S...
Read MoreThe House of Representatives From the New York Packet. Friday, February 8, 1788. Author: Alexander Hamilton or James Madison To the People of the State of New York: FROM the mor...
Read MoreThe Structure of the Government Must Furnish the Proper Checks and Balances Between the Different Departments From the New York Packet. Friday, February 8, 1788. Author: Alexand...
Read MorePeriodic Appeals to the People Considered From the New York Packet. Tuesday, February 5, 1788. Author: Alexander Hamilton or James Madison To the People of the State of New York...
Read MoreMethod of Guarding Against the Encroachments of Any One Department of Government by Appealing to the People Through a Convention From the New York Packet. Tuesday, February 5, 1...
Read MoreThese Departments Should Not Be So Far Separated as to Have No Constitutional Control Over Each Other From the New York Packet. Friday, February 1, 1788. Author: James Madison T...
Read MoreThe Particular Structure of the New Government and the Distribution of Power Among Its Different Parts From the New York Packet. Friday, February 1, 1788. Author: James Madison...
Read MoreThe Influence of the State and Federal Governments Compared From the New York Packet. Tuesday, January 29, 1788. Author: James Madison To the People of the State of New York: RE...
Read MoreThe Alleged Danger From the Powers of the Union to the State Governments Considered For the Independent Journal. Author: James Madison To the People of the State of New York: HA...
Read MoreRestrictions on the Authority of the Several States From the New York Packet. Friday, January 25, 1788. Author: James Madison To the People of the State of New York: A FIFTH cla...
Read MoreThe Same Subject Continued: The Powers Conferred by the Constitution Further Considered For the Independent Journal. Author: James Madison To the People of the State of New York...
Read MoreThe Powers Conferred by the Constitution Further Considered From the New York Packet. Tuesday, January 22, 1788. Author: James Madison To the People of the State of New York: TH...
Read MoreGeneral View of the Powers Conferred by the Constitution For the Independent Journal. Author: James Madison To the People of the State of New York: THE Constitution proposed by...
Read MoreThe Powers of the Convention to Form a Mixed Government Examined and Sustained From the New York Packet. Friday, January 18, 1788. Author: James Madison To the People of the Sta...
Read MoreThe Conformity of the Plan to Republican Principles For the Independent Journal. Author: James Madison To the People of the State of New York: THE last paper having concluded th...
Read MoreThe Same Subject Continued, and the Incoherence of the Objections to the New Plan Exposed From the New York Packet. Tuesday, January 15, 1788. Author: James Madison To the Peopl...
Read MoreConcerning the Difficulties of the Convention in Devising a Proper Form of Government From the Daily Advertiser. Friday, January 11, 1788. Author: James Madison To the People of...
Read MoreThe Same Subject Continued: Concerning the General Power of Taxation From the New York Packet. Tuesday, January 8, 1788. Author: Alexander Hamilton To the People of the State of...
Read MoreThe Same Subject Continued: Concerning the General Power of Taxation For the Independent Journal. Author: Alexander Hamilton To the People of the State of New York: BEFORE we pr...
Read MoreThe Same Subject Continued: Concerning the General Power of Taxation From the New York Packet. Friday, January 4, 1788. Author: Alexander Hamilton To the People of the State of...
Read MoreThe Same Subject Continued: Concerning the General Power of Taxation From the Daily Advertiser. Thursday, January 3, 1788 Author: Alexander Hamilton To the People of the State o...
Read MoreThe Same Subject Continued: Concerning the General Power of Taxation From the Daily Advertiser. Thursday, January 3, 1788. Author: Alexander Hamilton To the People of the State...
Read MoreThe Same Subject Continued: Concerning the General Power of Taxation From the New York Packet. Tuesday, January 1, 1788. Author: Alexander Hamilton To the People of the State of...
Read MoreConcerning the General Power of Taxation From the New York Packet. Friday, December 28, 1787. Author: Alexander Hamilton To the People of the State of New York: IT HAS been alre...
Read MoreConcerning the Militia From the Daily Advertiser. Thursday, January 10, 1788 Author: Alexander Hamilton To the People of the State of New York: THE power of regulating the milit...
Read MoreThe Same Subject Continued: The Idea of Restraining the Legislative Authority in Regard to the Common Defense Considered For the Independent Journal. Author: Alexander Hamilton...
Read MoreThe Same Subject Continued: The Idea of Restraining the Legislative Authority in Regard to the Common Defense Considered From the New York Packet. Tuesday, December 25, 1787. Au...
Read MoreThe Idea of Restraining the Legislative Authority in Regard to the Common Defense Considered For the Independent Journal. Author: Alexander Hamilton To the People of the State o...
Read MoreThe Same Subject Continued: The Powers Necessary to the Common Defense Further Considered From the New York Packet. Friday, December 21, 1787. Author: Alexander Hamilton To the...
Read MoreThe Powers Necessary to the Common Defense Further Considered For the Independent Journal. Author: Alexander Hamilton To the People of the State of New York: To THE powers propo...
Read MoreThe Necessity of a Government as Energetic as the One Proposed to the Preservation of the Union From the New York Packet. Tuesday, December 18, 1787. Author: Alexander Hamilton...
Read MoreThe Same Subject Continued: Other Defects of the Present Confederation From the New York Packet. Friday, December 14, 1787. Author: Alexander Hamilton To the People of the State...
Read MoreOther Defects of the Present Confederation For the Independent Journal. Author: Alexander Hamilton To the People of the State of New York: HAVING in the three last numbers taken...
Read MoreThe Same Subject Continued: The Insufficiency of the Present Confederation to Preserve the Union From the New York Packet. Tuesday, December 11, 1787. Author: Alexander Hamilton...
Read MoreThe Same Subject Continued: The Insufficiency of the Present Confederation to Preserve the Union For the Independent Journal. Author: Alexander Hamilton and James Madison To the...
Read MoreThe Same Subject Continued: The Insufficiency of the Present Confederation to Preserve the Union For the Independent Journal. Author: Alexander Hamilton and James Madison To the...
Read MoreThe Same Subject Continued: The Insufficiency of the Present Confederation to Preserve the Union For the Independent Journal. Tuesday, December 4, 1787. Author: Alexander Hamilt...
Read MoreThe Same Subject Continued: The Insufficiency of the Present Confederation to Preserve the Union From the New York Packet. Tuesday, December 4, 1787. Author: Alexander Hamilton...
Read MoreThe Insufficiency of the Present Confederation to Preserve the Union For the Independent Journal. Author: Alexander Hamilton To the People of the State of New York: IN THE cours...
Read MoreObjections to the Proposed Constitution From Extent of Territory Answered From the New York Packet. Friday, November 30, 1787. Author: James Madison To the People of the State o...
Read MoreAdvantage of the Union in Respect to Economy in Government For the Independent Journal. Author: Alexander Hamilton To the People of the State of New York: As CONNECTED with the...
Read MoreThe Utility of the Union In Respect to Revenue From the New York Packet. Tuesday, November 27, 1787. Author: Alexander Hamilton To the People of the State of New York: THE effec...
Read MoreThe Utility of the Union in Respect to Commercial Relations and a Navy For the Independent Journal. Author: Alexander Hamilton To the People of the State of New York: THE import...
Read MoreThe Same Subject Continued: The Union as a Safeguard Against Domestic Faction and Insurrection From the New York Packet. Friday, November 23, 1787. Author: James Madison To the...
Read MoreThe Union as a Safeguard Against Domestic Faction and Insurrection For the Independent Journal. Author: Alexander Hamilton To the People of the State of New York: A FIRM Union w...
Read MoreThe Consequences of Hostilities Between the States From the New York Packet. Tuesday, November 20, 1787. Author: Alexander Hamilton To the People of the State of New York: ASSUM...
Read MoreThe Same Subject Continued: Concerning Dangers from Dissensions Between the States For the Independent Journal. Author: Alexander Hamilton To the People of the State of New York...
Read MoreConcerning Dangers from Dissensions Between the States For the Independent Journal. Author: Alexander Hamilton To the People of the State of New York: THE three last numbers of...
Read MoreThe Same Subject Continued: Concerning Dangers from Foreign Force and Influence For the Independent Journal. Author: John Jay To the People of the State of New York: QUEEN ANNE,...
Read MoreThe Same Subject Continued: Concerning Dangers from Foreign Force and Influence For the Independent Journal. Author: John Jay To the People of the State of New York: MY LAST pap...
Read MoreThe Same Subject Continued: Concerning Dangers From Foreign Force and Influence For the Independent Journal. Author: John Jay To the People of the State of New York: IT IS not a...
Read MoreConcerning Dangers from Foreign Force and Influence For the Independent Journal. Author: John Jay To the People of the State of New York: WHEN the people of America reflect that...
Read MoreGeneral Introduction For the Independent Journal. Author: Alexander Hamilton To the People of the State of New York: AFTER an unequivocal experience of the inefficiency of the s...
Read MoreAmendment I Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or...
Read MoreFederalist 01 - General Introduction (Hamilton) Federalist 02 - Concerning Dangers from Foreign Force and Influence (Jay) Federalist 03 - The Same Subject Continued (Jay) (Conce...
Read More(Introduction) IN CONGRESS, July 4, 1776. The unanimous Declaration of the thirteen United States of America, When in the Course of human events, it becomes necessary for one pe...
Read MorePreamble We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the g...
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