Economics

What John Law Taught Us About the Perils of Printing Money

What John Law Taught Us About the Perils of Printing Money

4 Comments In the same year that the Bank of England was created – 1694 – John Law became a fugitive. He killed a man in a duel, was thrown in prison awaiting execution, and escaped to Europe. After some years of gambling his way through the European courts and writing surprisingly prescient texts on monetary economics he landed in France. One of history’s first grand experiments with unbacked paper money was about to begin. Law’s monetary extravagance between 1715 and 1720 was not simply a Ponzi scheme by a …

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The Way Land Is Really Used Across The U.S

The Way Land Is Really Used Across The U.S

One thing that shocks many European tourists in the US is the sheer amount of space. It’s true: America has a lot of room, whether in the width of its streets, the size of people’s yards, and above all, its vast rural expanses. If you’ve ever found yourself thinking, ‘What does America do with all of that space?’, this infographic will open your eyes. According to the U.S. Department of Agriculture’s data- gathered through surveys and satellite imagery- the country’s land can be classified into six major types: pasture/range, forest, …

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Schumer: Intelligence Agencies ‘Have Six Ways From Sunday Of Getting Back At You’

Schumer: Intelligence Agencies ‘Have Six Ways From Sunday Of Getting Back At You’

Yesterday, the mainstream media and Democrats continued to push the Ukraine Purse Strings Hoax, with Rep. Adam Schiff, chair of the House Intelligence Committee, ad-libbing a fictional account of President Trump’s conversation with Ukraine President Volodymyr Zelensky. Schiff’s telling of the July 2019 conversation cast Trump as the blackmailer-in-chief who threatened to cut aid to Ukraine unless Zelensky took down the son of presidential hopeful and former vice president Joe Biden. Schiff’s schtick didn’t last long. It was short-circuited by Trump’s declassification and release the previous day of an unredacted …

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Impeachment…or CIA Coup?

Impeachment…or CIA Coup?

You don’t need to be a supporter of President Trump to be concerned about the efforts to remove him from office. Last week House Speaker Nancy Pelosi announced impeachment proceedings against the President over a phone call made to the President of Ukraine. According to the White House record of the call, the President asked his Ukrainian counterpart to look into whether there is any evidence of Ukrainian meddling in the 2016 election and then mentioned that a lot of people were talking about how former US Vice President Joe …

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No, Slavery Did Not Make America Rich

No, Slavery Did Not Make America Rich

Image Credit: glynn424 from Pixabay In 1847, Karl Marx wrote that Without slavery you have no cotton; without cotton you have no modern industry…cause slavery to disappear and you will have wiped America off the map of nations. As with most of his postulations concerning economics, Marx was proven […] Click here to view original web page at fee.org Editor

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