Finance

I admired the way

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I admired the way McCain worked on campaign finance reform. I admired the way Nancy Pelosi stiffened the Democrats’ spine during the health care debate. I admire the way Barack Obama has raised a dog in the White House without ever putting it on the roof of the car for a vacation drive. Gail Collins

In the North, neither

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In the North, neither greenbacks, taxes, nor war bonds were enough to finance the war. So a national banking system was created to convert government bonds into fiat money, and the people lost over half of their monetary assets to the hidden tax of inflation. In the South, printing presses accomplished the same effect, and … Read more

The free-trade idea, logically

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The free-trade idea, logically applied, will abolish usury; and with usury will disappear the chief bone of contention between labor and capital. But, just at this point, free-traders go over to the enemy; and many writers on political economy, in flat contradiction of the essential principles of that science, have made elaborate arguments to prove … Read more

As Day and other

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As Day and other observers had reported, the slaves were leading very comfortable lives. After this tactic [slave rebellions in the South] failed, it became obvious to the conspirators that an actual military invasion was the only solution to their campaign. The merchant bankers of New England, who were directly controlled by the Rothschilds, were … Read more

The first task of

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The first task of the Federal Reserve system would be to finance the World War. The European nations were already bankrupt, because they had maintained large standing armies for almost fifty years, a situation created by their own central banks, and therefore they could not finance a war. A central bank always imposes a tremendous … Read more