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Money and Currency in a Free Society
By David Kretzmann on June 29, 2009
We live in times when government and central banks monopolize money and make it next to impossible for viable competing currencies to arise, which can make it difficult to see the possibility of other currency alternatives.
Picture a new village, untouched by current monetary laws. People begin exchanging goods through the process of bartering. This makes [...]
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Fractional Reserve Banking in Pictures
By Jake Towne on February 6, 2010
“The few who understand the system, will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class. The great body of people, mentally incapable of comprehending the tremendous advantages, will bear its burden without complaint.”
- Lord Rothschild, European central banker
The below slides are [...]
The Money Matrix – What Makes Money Money?
By Jake Towne on February 1, 2010
Money gradually evolved from societies from barter (or direct exchange) economies to economies based on indirect exchange. Under indirect exchange, Joey sells his chickens’ eggs for money and then either buys, say, a wrench from Bob or saves the money for future use. If one looks at this with an economist’s eye, Joey exchanged his [...]
Local Solutions to Common Dilemmas
By David Kretzmann on January 19, 2010
Do people sometimes forget that we are all individuals with common goals, diverse circumstances, and unique perspectives? In many situations this is the case. The more governments, both local and national, expand in size and scope, the more politics become a game of winning and losing rather than representation of the people, providing individual freedom [...]
Recommended Video: Applying Economics to American History
By Recommended Video on January 16, 2010
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Aid for the Haiti Disaster
By Jake Towne on January 15, 2010
Words are not sufficient for the immense and unimaginable loss of perhaps 100,000 lives during the recent earthquake in Haiti. The immediate question is what can be done to help. I wrote recently in “Guns or Health Care?” that it was Clara Barton and a group of fellow Americans who founded the Red Cross and Red [...]
