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Currency

Money For Nothing

“The common denominator to all of history is that all governments almost universally act irresponsibly to debase their currency.” — Robert T. Lutts “The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.” — Alan Greenspan Ah, the coin of the Realm … t’was a time when our specie was fashioned of precious metals — silver, gold even — back before America’s elected larcenists decided to mint money from materials with the same intrinsic worth as a Tijuana bus token.  Debasing the currency, […]

Content with Caligula’s Coin

It is the nature of man to try and get as much as he can in reward for as little effort as possible.  This same drive, practiced in two separate ways, can define two distinctly different people.  On one hand, the desire to get much for little can spur a responsible fiscal business person to stay ahead of his competitors in a capitalist market place.  One the other hand, it can push one to the street with open but idle hands. Politicians know the power behind these two distinct groups.  The former is courted for the power of their money […]