LATEST NEWS : Inflation – Crash Course Chapter 11

For close to 300 years, inflation in the US remained very subdued. Small spurts occurred around major wars (Revolutionary, Civil, WW1, etc), but after each, inflation quickly trended back down to its long-term baseline. If you lived during this stretch of time, your money had roughly the same purchasing power your great-grandfather’s did. But something […]

Continue reading

LATEST NEWS : A Brief History of US Money – Crash Course Chapter 9

Looking at the past 100 years of the US dollar’s history, one theme becomes abundantly clear: in times of crisis, the US government has no issue with changing its own rules or breaking its own laws. And those “temporary” emergency measures have a nasty habit of quickly becoming permanent. Among the more notable milestones of […]

Continue reading

Forty Years Ago Today Nixon Took Us Off the Gold Standard

“Today we celebrate, or, actually, mourn the 40th anniversary of President Richard Nixon’s taking America, and the world, off the gold standard, making many promises that were promptly broken. (For instance, President Nixon promised that the dollar would retain its full value. It only is worth about 19 cents today of what it was worth […]

Continue reading