Skip to content

America's Economic History

The Long Depression – the First Great Depression

What actually constitutes the Long Depression has been debatable, for at first it was called the Great Depression, and then that title was transferred to the...

Why The Federal Reserve Worked During the 1930s

When the Great Depression began, over 8,000 commercial banks belonged to the Federal Reserve System, but nearly 16,000 did not. There were still state banks that...

The Truth About the 1933 U.S. Banking Holiday

Herbert Hoover’s memoirs (1951) documents the fact that Franklin D. Roosevelt (FDR) played a very dirty game of politics. There were rumors that FDR would...

Jade Helm

A lot of emails have been coming in about Jade Helm, a highly secret and most controversial U.S. Special Operations exercise that created a flood of conspiracy...

Money is Irrelevant – Deal With the Issue Directly

QUESTION: I understand austerity is self defeating and crippling, but is there any other way to constrain elected officials from driving into unsustainable public...

Why Was the 1933 Confiscation of Gold A “Good Thing”?

QUESTION: Why was the confiscation of gold by FDR in 1933 a good thing? ED ANSWER: What you have to understand is that Franklin Delano Roosevelt’s (FDR) actions...

What if NAFTA Became a Monetary Union?

OK. Let’s try to explain Europe a different way. What if the USA adopted a policy that said NAFTA (North American Free Trade Agreement) should move from a...

Happy Revolution Day – the Rebellion Against the Monarchy

The 4th of July was indeed a major event for it set in motion the rebellion against a corrupt form of government (then known as monarchy) which was dominated by...

Jefferson’s Three Stages of Government

We are moving toward government by sheer force. This is the third and final stage of government as identified by Thomas Jefferson. Traditionally, government begins...

Life Expectancy Increased by Six Years During the Great Depression

There was a major discovery that surfaced from the starvation during the Great Depression. Yes, people went to bed hungry. However, eating less increased the...