“There is no means of avoiding the final collapse of a boom brought about by credit expansion.” — Ludwig von Mises A mortgage is a claim on your future labor. A government bond is a claim on future tax revenue. A corporate bond is a claim on future profits. The…
What Built an Empire in 1790 Won’t Save It in 2026 “I believe that banking institutions are more dangerous to our liberties than standing armies.”— Thomas Jefferson When the Trump administration—and Treasury Secretary Scott Bessent in particular—began invoking Alexander Hamilton as the blueprint for a new American economic order, I…
How Financial Extraction Was Invented—and Why We Mistook It for Reality “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until…
“The difficulty lies not in the new ideas, but in escaping the old ones.” — John Maynard Keynes If you have a 401(k), buy gas, or wonder why your grocery and utility bills keep rising, look no further than the invisible machine running our global economy. For most of the…