A Brief History Of The Definition Of Inflation

A reference by Michael Bryan, of the Federal Reserve Bank of Cleveland, discloses the history of the concept of inflation. A Federal Reserve Bulletin from 1919 defined inflation as “the process of making addition to currencies not based on a commensurate increase … Read More

The Federal Reserve Has Failed And Inflation Is Destructive

Prior to the establishment of the Federal Reserve, federal debt remained very low – typically 10 percent to zero – and only surging upward during wartime.  But since the establishment of the Federal Reserve, federal debt has surged and never … Read More

The 16th Amendment Imposed

The income tax established by the 16th Amendment imposed what resembled a flat tax – a one percent on the net income of individuals plus a surtax, ranging from one to six percent, on income above specific thresholds.  Therefore, it was … Read More

Evil On Jekyll Island

The construction of the Federal Reserve began as an undercover operation when Rhode Island Senator Nelson Aldrich called a secret meeting at the Jekyll Island Clubhouse on Jekyll Island, Georgia (see Photos 1 and 2).  Six men, including Nelson, Assistant … Read More

A History Of Deflation And Prosperity

A study of economic history reveals that anytime in the United States when there exists a price inflation of the overall increase of the price of goods and services there is destructive economic government intervention taking place.[1]  As Austrian … Read More

FDR Makes The Federal Reserve In His Own Image

In 1933 changes by the Roosevelt Administration to the Federal Reserve “wrought in the U.S. financial system by the New Deal” would “[plunge the monetary system] into massive fraud upon the American public by claiming to rescue the nation from … Read More

The Indispensable Tyrant

President Franklin Roosevelt was in a state of delusion. He saw himself as the only one who could see the promised horizon and lead the ship accordingly. FDR’s Brain Trust member and financial advisor, James Warburg, wrote, “Mr. Roosevelt has utterly lost … Read More

The Significant Economic Contrast Between The 1920s And The 1930s

The comparison and contrast economically between the 1920s and the 1930s is significant. It is a comparison between: embracing American Exceptionalism (1920s, Coolidge-Harding) and rejecting American Exceptionalism (1930s, Hoover-Roosevelt); an adherence to the Great Experiment (1920s, Coolidge-Harding) and a … Read More

The Clash Of Two Worldviews: Statism And Liberty

Despite the Roosevelt Administration’s effort, coercion, and propaganda, by 1934 the National Recovery Administration (NRA) was losing ground. Many smaller businesses around the country, finding the NRA intolerable, began defying its regulations, ignoring fines levied against them, and filing … Read More

FDR Takes Lessons From Wilson

President Woodrow Wilson directly attacked citizens on pricing; for example, the seizure of property such as  eggs, sugar, dry salt pork, salmon, and pig’s ears, when the stores would not agree “to sell them at a ‘reasonable’ price and under … Read More

The Malicious Symbol Of The Blue Eagle

The malicious symbol of the NRA (National Recovery Administration) was the Blue Eagle; as evil often does cloak itself in something seemingly good, or in this case– patriotic.

The NRA soon demanded that all of its advocates use the new … Read More

FDR, The Dictator

Franklin Roosevelt ushered in the National Industrial Recovery Act, NIRA, in the late spring of 1933. It was tragically supported by many industrial leaders at the time; as well as the Chamber of Commerce’s president, H.I. Harriman. A quote from … Read More

Recessions Are Predictable, And So Is Government’s Failure To End Them

In March 2012 Wisconsin Congressman Paul Ryan commented about the debt crisis resulting from the Great Recession of 2008, saying,

“This coming debt crisis is the most predictable crisis we’ve ever had in this country.”[1]

Congressman Ryan is echoing … Read More

Elizabeth Warren’s Great Depression Economics, Part 3

In my first article of this series of four articles, Elizabeth Warren’s Great Depression Economics, Part 1, I proposed that we can know and understand future economic results by knowing and understanding past economic patterns and the results they generated. In … Read More

Elizabeth Warren’s Great Depression Economics, Part 2

In my first article of this series of four articles, Elizabeth Warren’s Great Depression Economics, Part 1, I proposed that we can know and understand future economic results by knowing and understanding past economic patterns and the results they generated. In … Read More

Elizabeth Warren’s Great Depression Economics, Part 1

Elizabeth Warren is currently being credited as the front-runner for the Democratic nomination and the one who will go head-to-head with President Trump. So what would a Warren Administration look like (or any of the current democratic potential nominees, for … Read More

How FDR Systematically Destroyed Business Investment For 11 Years

The great Austrian economist Murray Rothbard elucidated, “Before the massive government interventions of the 1930s, all recessions were short-lived.”[1]  The deceptive narrative of collectivists about the “Roaring Twenties” and the New Deal goes like this:

Capitalists and speculators went wild … Read More

The Only Path To Economic Equalization Is Tyranny

Many complain that there is greater differential between the wealthiest and the least wealthy – but there must be in order to prosper without tyranny. The key indicator to watch is, as President Kennedy referenced, the level of wealth increasing … Read More

Full Employment Is Full Foolishness

As discussed in This Mistake Collapsed Europe’s Richest Empire And Might Do The Same To Us, the government has no incentive to manage funds well, as they have a seemingly endless source of revenue – either tax revenue or borrowed … Read More

Keynesian Economics: A Theory With 80 Years Of Failure

“John Maynard Keynes is considered one of the leading lights of liberal economics.”[1]  He is currently, and remains, the most significant economist to impact America’s economy in modern times.  As discussed in previous articles (here, here, here, and here), the adaption of Keynesianism … Read More

Harvard Keynesian Admits Failures Of Spending Stimulus Plans

Keynesians believe, not only the fallacy that government confiscating the wealth of the citizenry then knowing where, when and how to spend it better than the citizens, that government spending leads to a multiplier effect.  Essentially, the more government spends … Read More

How Keynesianism Caused The Great Depression

In 1926, President Hoover, as Secretary of Commerce, stated this economic nonsense, “The very essence of great production is high wages and low prices, because it depends on upon widening….consumption, only to be obtained from the purchasing-power of high … Read More

Keynesian Economics Turns The Whole Economy Into A Gigantic Ponzi Scheme

This is a circular discussion which is not logical in its rationale.  Accordingly to Keynesians – and derived John Maynard Keynes’s texts – economic activity is presented in terms of a circular flow of money.  Dr. Frank Shostak[1] brilliantly explains this … Read More

This Mistake Collapsed Europe’s Richest Empire And Might Do The Same To Us

In a conversation with my financial advisor on Keynesian economics he explained it to me in this manner:

The government takes money from me via taxes.  (In the financial advisor’s example, they take $100 from me.) Then they borrow another … Read More