Florida governor Ron DeSantis last month signed new legislation largely banning the use of vaccine mandates by either private entities or local governments. The new legislation also reinforces the DeSantis administration’s overall efforts to prevent local governments from imposing mask mandates as well.
Chapter 2: A Brief History of the Gold Standard, with a Focus on the United States
To fully understand our current global monetary system, in which all of the major powers issue unbacked fiat money, it is helpful to learn how today’s system emerged from its earlier form. Before fiat money, all major currencies were tied (often with interruptions due to war or financial crises) to one or both of the precious metals, gold and silver. This international system of commodity-based money reached its zenith under the so-called classical gold standard, which characterized the global economy from the 1870s through the start of World War I in 1914.
The US Supreme Court is now in the midst of ruling on whether or not individual states have the legal prerogative to significantly limit legal abortion within their borders. With the Roe v. Wade ruling in 1973, the Supreme Court “discovered” that the US Constitution prohibited state and local governments from enforcing laws limiting abortion.
The House passed the National Defense Authorization Acton Tuesday evening after stripping the draft amendment from the legislation. It would have required women ages 18 to 25 to register for the Selective Service, as men do under current law.
Part I: Theory and History
Chapter 1: The Theory and Brief History of Money and Banking
The ultimate purpose of this book is to give the reader a solid grasp of how money works in today’s world. Yet before diving into the particulars of central banks, repo markets, and LIBOR—all topics that will be covered in future chapters—we should first provide a general framework giving the basic theory or “economic logic” of money and banking.
Understanding Money Mechanics
