The Utter Failure of America’s System of Indian Reservations

There are 310 reservations in America and 562 federally recognized Native nations.

There are 3 million Native Americans in the United States today, approximately 1 million of whom live on these reservations.

The Bureau of Indian affairs (BIA) — founded on March 11, 1824, by John C. Calhoun — and the Bureau of Indian Education (BIE), which are both a part of the Department of the Interior, have approximately 9,000 employees. That’s one employee for every 110 Native Americans on the reservation.

Why Fractional Reserve Banking Poses a Threat to Market Stability

On April 16, 2018 I participated in a debate with George Selgin, hosted by Gene Epstein’s Soho Forum. I was arguing in the affirmative for the resolution: “Fractional reserve banking poses a threat to the stability of market economies.” The full video is available here (and note that some of my remarks allude to the opening comedy from Dave Smith before the debate).