Some Perspective On What The Dollar is Worth

1963 dollar

People often ask what the dollar is worth?  For many it is difficult to answer.  Some people can’t even provide a definition for a dollar or a definition of money. Some say the paper dollar of today is fantastic, while claiming an older system with a gold standard is silly. Others, myself included, think that money backed by gold or [...]

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America and The 3 Little Pigs

Two Pot-bellied pigs (Sus domesticus) resting ...

I was drinking coffee and spending time with my daughter this morning.  On the cartoon she was watching, they began singing a song about the 3 little pigs.   She was dancing around reciting lines from the story. “Little pig, little pig, let me in!” “I’ll huff and puff and blow your house down!” “Not by the hair on my chinny [...]

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It’s Okay to Like Money

Hoard of ancient gold coins

A terrible mental sickness has developed in America over recent years.  What is it?  Dislike of money and it’s counterpart guilt about having money.  One could go on at length about why this is such a terribly unhealthy attitude.   Not only is it most the time just a form of foolish hypocrisy, it completely ignores reality and common sense. Money [...]

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Review: “How An Economy Grows & Why It Crashes” by Peter Schiff

How An Economy Grows & Why It Crashes - by Peter Schiff

I recently read How An Economy Grows & Why It Crashes by Peter Schiff ( Peter Schiff is the president of Euro Pacific Capital and candidate for Senate in Connecticut). “How An Economy Grows & Why It Crashes” was a great read for the person who is new to economics or who has little exposure to economics outside of what [...]

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