“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
Gresham’s Law is an economic maxim that states “good money” drives out “bad money.” But under the right circumstances, it might be possible to reverse Gresham and do the opposite. Named in 1857 by economist Henry Dunning Macleod after Sir Thomas Gresham, an English...
“The evils of paper money have no end” That’s how Thomas Paine put it, but he was far from alone. The Founding Fathers were deeply worried about the dangers of paper money, because they lived them first hand. They repeatedly warned us about how it would give us price...
One of the ways the government maintains its fiat money system is by throwing up legal and regulatory roadblocks to those wanting to use real money. Bringing back gold clause contracts removes one of those barriers. The principle behind a gold clause contract is...
With its monopoly on money, the Federal Reserve is the engine that drives the biggest, most powerful government in the history of the world. But it’s not going to end itself. And Congress almost certainly won’t ever get rid of its money printer. That’s why it’s...
The Federal Reserve is the engine that drives the biggest government in history. Without the central bank’s machinations, the U.S. government wouldn’t be able to borrow and spend to the extent that it does. Congress wouldn’t be able to sustain...