Category: money and currency

From The Smoke-Filled Rooms (UPDATED)

     “Control the coinage and the courts. Let the rabble have the rest.” – attributed to Shaddam IV, Padishah Emperor of the known universe at the time of the rise of Paul Atreides a.k.a. Muad’Dib      It’s been a while since that image was used as a metaphor for the machinations of central bankers. I’m …

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“We Can Afford To Spend As Much Of Your Money As We Like.”

     Listen as a top Congressional Democrat tells you exactly that:      On Thursday’s broadcast of CNN’s “OutFront,” House Budget Committee Chairman John Yarmuth (D-KY) said that $3.5 trillion in spending under the reconciliation bill “is pretty inconsequential when you consider all the benefits to the American people,” and “The federal government can afford anything …

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Something To Tell The Minimum-Wage Cranks

     The following is a table of minimum wage levels, set by Congress, alongside another figure whose meaning I’ll withhold for now: YEAR Federal Minimum Wage Per Hour ??? 1964 $1.25 $0.90 1970 $1.00 $1.50 1980 $3.10 $14.05 1990 $3.80 $3.80 2000 $5.15 $4.15 2010 $7.25 $27.70 2020 $7.25 $23.90      Did you know the …

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Dedication To Reality

     Reality, it was once said, is all the stuff that, when you stop believing in it, doesn’t go away. That’s as good a definition as any, considering that defining reality is essentially impossible. To define is to limit: to say that “an X is this and not that.” It is inherently exclusionary…but what can …

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The Nature of Money and Currency

     Being an old fart, my education included a few items that are, let us say, no longer deemed suitable for dissemination to the impressionable young. However, had those young folks been exposed to a few of those items, quite a lot of our current miseries might well have been averted.      Two of those …

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