How the Classical Gold Standard Fueled the Rise of the State
The classical gold standard brought the rise of central banks and state-imposed monetary "standardization." This set the stage for later monetary disasters.
The classical gold standard brought the rise of central banks and state-imposed monetary "standardization." This set the stage for later monetary disasters.
It took many centuries for regimes to secure the sort of prestige and power necessary to claim a monopoly over money. From the state's perspective, it has been worth it.
Capitalism is not a "legacy of colonialism" in Africa. In fact, markets and interregional trade have long been practiced on the continent. And markets today are still the answer to raising standards of living.
Turgot understood primitive modes of social organization are able to support much smaller numbers of people. If population increased, an egalitarian primitive society would be unable to cope with the added burden.
So oppressive was the Inca regime that it's no wonder the Spaniards found many enemies willing to help topple the empire.
It took many centuries for regimes to secure the sort of prestige and power necessary to claim a monopoly over money. From the state's perspective, it has been worth it.
Capitalism is not a "legacy of colonialism" in Africa. In fact, markets and interregional trade have long been practiced on the continent. And markets today are still the answer to raising standards of living.
Vaccine mandates are not a new invention, and states have long pushed a narrative exaggerating the success of mandates in the past.
Vaccine mandates are not a new invention, and states have long pushed a narrative exaggerating the success of mandates in the past.
So oppressive was the Inca regime that it's no wonder the Spaniards found many enemies willing to help topple the empire.