Fannie and Freddie, far from being the sole miscreants of the crisis, operate on the same parlous economic principles that the Fed functions on and facilitates. Ridding the market of the crippling appetites of Fannie and Freddie, even if a step in the right direction, is hardly a panacea for the current economic plights.
The rise in stock prices or any other good denominated in paper currency may not say much about the real value of your investments. You may have invested your money — in any venture — and be thinking that you are making a nice profit when in fact you are suffering huge losses.
The world had never seen government paper money until the colonial government of Massachusetts, 1690, writes Murray N. Rothbard (1926–1995).
The world had never seen government paper money until the colonial government of Massachusetts, 1690.
From Part II of A History of Money and Banking in the United States: The Colonial Era to World War II: “The Origins of the Federal R
From Part III of A History of Money and Banking in the United States: The Colonial Era to World War II: “From Hoover to Roosevelt: T
From Part IV of A History of Money and Banking in the United States: The Colonial Era to World War II: “The Gold-Exchange Standard i
From Part V of A History of Money and Banking in the United States: The Colonial Era to World War II: “The New Deal and the Internat
From Part II of A History of Money and Banking in the United States: The Colonial Era to World War II: “The Origins of the Federal R
From Part III of A History of Money and Banking in the United States: The Colonial Era to World War II: “From Hoover to Roosevelt: T
