Banking Economics

In The Fix Was On, Murray Rothbard discusses why the United States replaced specie with fiat currency; the early days of American banking after the Revolutionary War; early central banks and the ultimate creation of the Federal Reserve; and how the Federal Reserve causes the boom/bust business cycle.

If you have been on top of the news as of late you would have heard of the various scandals and exposes of the rich and powerful sheltering their money in offshore tax havens. Tax havens are a very popular way for those who have the means to hide their assets from taxation as well as other legal proceedings. In this review of The Hidden Wealth of Nations by Gabriel Zucman, we will analyze, discuss, and summarize the book's key points.

The casino was alive and well in Will Roger's time. It was called Wall Street then as well. But mainstream media allowed for the total exposure of the criminal greed of the Street. Bankers were determined not to allow that mistake to rain on their next financial orgy, so that Will Rogers would have had no voice in the days of the ponzi housing bubble and subsequent crash. Things are different now, and mainstreet is even more vulnerable than in the roaring twenties.