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Gaius Julius Caesar – 44BC

Dictator, 48 – 44 BC Born 100 BC – Assassinated 44 BC, age 56 Temple of Alexandria & the Black Bust of Caesar Commissioned by Cleopatra Gaius Julius Caesar was born to an aristocratic family. His parents were Gaius Julius Caesar and Aurelia. Julius was born on July 13th, 100 BC, for whom the month of July is named. […]

Will Leverage Cause The Financial World to Blow Up?

Will Leverage Cause The Financial World to Blow Up? By Martin A. Armstrong Copyright October 9th, 1998 Princeton Economic Institute There has always been the question of leverage that enters into the process of any financial panic. The degree of leverage within the system is a key factor in determining just how severe the panic […]

Can the World Be Saved?

Can the World Be Saved? Global Meltdown post July 20th Hedge Funds – Fed Social Threats of War & Designing A New World Financial System by Martin A. Armstrong copyright October 3rd 1998 Princeton Economic Institute There has been much turmoil in the past several weeks that has led to considerable outcry for everything from […]

Intervention With a new twist

Intervention With a new twist By Martin A. Armstrong Copyright August 14, 1998 Princeton Economic Institute Friday’s price action in Hong Kong brought with it more than a mere short-cover rally of 9%. For perhaps the first time in history a government has directly intervened in a share market using the futures to do so. […]

Global Meltdown

WARNING Global Meltdown? By Martin A. Armstrong © June 1st, 1998 Princeton Economic Institute Capital is currently fleeing from emerging markets on a wide scale basis. The immediate problems that are surfacing in Russia should come as no surprise. Russia has been unable to collect taxes; unable to make payroll for months; unable to control […]

On The Principles of Political Economy and Taxation Part 3

Chapter 23: On Bounties on Production It may not be uninstructive to consider the effects of a bounty on the production of raw produce and other commodities, with a view to observe the application of the principles which I have been endeavouring to establish, with regard to the profits of stock, the division of the […]

On The Principles of Political Economy and Taxation Part 2

Chapter 12: Land-Tax A land-tax, levied in proportion to the rent of land, and varying with every variation of rent, is in effect a tax on rent; and as such a tax will not apply to that land which yields no rent, nor to the produce of that capital which is employed on the land […]

On The Principles of Political Economy and Taxation Part 1

PREFACE The produce of the earth — all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community; namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it […]

An Inquiry Into the Nature and Causes of the Wealth of Nations Book 5

BOOK FIVE OF THE REVENUE OF THE SOVEREIGN OR COMMONWEALTH CHAPTER I: Of the Expenses of the Sovereign or Commonwealth ——————————————————————————– PART 1 Of the Expense of Defence THE first duty of the sovereign, that of protecting the society from the violence and invasion of other independent societies, can be performed only by means of […]

An Inquiry Into the Nature and Causes of the Wealth of Nations Book 4

BOOK FOUR INTRODUCTION ——————————————————————————– OF SYSTEMS OF POLITICAL ECONOMY POLITICAL economy, considered as a branch of the science of a statesman or legislator, proposes two distinct objects: first, to provide a plentiful revenue or subsistence for the people, or more properly to enable them to provide such a revenue or subsistence for themselves; and secondly, […]