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Even when currency is backed by gold, governments have many political reasons to pursue national, territorial currencies. Now there are hundreds of national currencies. It didn't have to be this way.
The FedMoney and BanksU.S. Economy
Despite all of the supposed safeguards to prevent bank failures, banks still fail. Perhaps the so-called safeguards are causing much of the trouble.
Bureaucracy and RegulationThe FedMoney and BanksU.S. Economy
While progressive lawmakers blame the current banking crisis on regulatory issues, the Fed's easy money policies have been the real problem.
Understanding what turns an ordinary currency into a global reserve currency can help us understand how the dollar could go into decline and give way to competing currencies.
Bureaucracy and RegulationThe EntrepreneurProgressivismSocialismU.S. EconomyEntrepreneurship
Politicians like Elizabeth Warren and Alexandria Ocasio-Cortez are demanding that successful entrepreneurs be taxed into oblivion. The real parasites are the politicians who destroy wealth instead of creating it.
Money and BanksWar and Foreign Policy
Even a partial weakening of the dollar's global demand will limit the US regime's ability to throw its weight around internationally. Yet Washington is unwilling to do what's necessary to prevent it.
Bureaucracy and RegulationThe EnvironmentPoliticsPrice Controls
With the government foolishly handicapping the oil and gas industries and pushing other alternatives, the future is not very bright.
Bureaucracy and RegulationThe FedInflationMoney and Banks
While progressives are claiming the collapse of Silicon Valley Bank was due to poor regulation, the real problem is the easy money policy of the Fed.