Money and Banks

Even when MMT advocates are correct that colonial governments at times burned money after receiving it for tax revenues, they still manage to get both the history and the causes wrong.

Dr. DiLorenzo has some words for Secretary Bessent about the true role of the Fed and its record in this open letter.

Dr. DiLorenzo has some words for Secretary Bessent about the true role of the Fed and its record in this open letter.

Bob provides a detailed, realistic plan for abolishing the Federal Reserve and returning to a stable, gold-backed monetary system.

Bob dismantles the arguments supporting the Federal Reserve and presents a clear strategy for its abolition and replacement.

The origination of money is a ground shaking, mind altering realization of how the world works.

The CBO‘s forecasting restrictions prevent it from predicting an inflationary debt crisis, despite rising US debt and deficits. This limitation hinders proactive policy-making, risking economic instability.

Twentieth and twenty-first century monetary history shows us how our government, step-by-step, removed the monetary gold standard and introduced their fiat paper currency dollar to fund their increasing political power.

Twentieth and twenty-first century monetary history shows us how our government, step-by-step, removed the monetary gold standard and introduced their fiat paper currency dollar to fund their increasing political power.

Monetarists have long believed that the Fed should pursue policies of low inflation in order to counter the effects of lower prices through enhanced productivity. Thus, they reason, overall prices will remain stable. Such policies actually promote economic instability.