Tag Archives: Federal Reserve System

How money supports civilization

Who possesses much silver may be happy; Who possesses much barley may be glad; But he who has nothing at all may sleep. –¬† Sumerian Proverb¬† 2500 B. C. If you were going to pack a suitcase with things you … Continue reading

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What the Fed is doing to our money

There is no justification in history for the existing position of a government monopoly of issuing money. It has never been proposed on the ground that government will give us better money than anybody else could. It has always, since … Continue reading

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Why we have recessions

Inflation has, of course, many other bad effects, much more grave and painful than is realized by most people who have not lived through a serious inflation. But the effect that is most devastating, and at the same time the … Continue reading

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