TNAR

I was recently at a social gathering where it was determined that I am a “great American.” This was based almost entirely on the sole fact of my status as a combat veteran. I almost countered these baseless claims on a few occasions, but it got me wondering about how to even go about doing so without completely alienating these folks. There are certainly many individuals who would suggest that this is exactly what should occur. However, my goal is the education of others rather than simply “putting ...

A recent blog by Chris Sullivan has made me revisit this topic which I have discussed a number of times on the various debate forums which I frequent. This time I felt the need to dive in a bit more in-depth in the form of this missive.

The common adage is that America is the “Land of the Free”, but is this truly the case? In the wise words of Voltaire, “If you wish to converse with me, define your terms.” Therefore, before we are able to answer this question we must first define ...

The amazing thing about the free market is the seemingly infinite customization. Take for instance automobiles. The last vehicle I purchased, I ordered directly from the factory. I listed every single detail and option that I desired and the factory built it specifically for me. This used to be the sort of luxury reserved only to the wealthy, but now anyone who makes the plunge for a new vehicle has that ability.

Unfortunately, there are many things which the market does not provide ...

This takes us to the Second Bank of the United States. With banks freed from their obligations to redeem paper money in specie, the numbers of banks were rapidly expanding. The solution to the dizzying expansion appeared to be either a strictly hard-money path or the creation of a second central bank and further inflation. The hard-money path would have forced inflationary banks to either promptly redeem obligations in specie or liquidate, thus ending the rapid monetary expansion and the perverse ...

In order to address the claims made by typical mainstream layman and economist alike, we must first briefly outline how the modern American monetary system came about.

Prior to the establishment of the United States, this geographic area was settled by scattered groups of primarily English and Spaniards. As will occur in any location, the choice medium of exchange arises as a function of scarcity and demand. For the early colonials, this ranged from beaver pelts and corn in the ...