Article by Gary North.
Excerpt:
We look around us and see trends. Some of these trends seem irreversible. But are they? They seem comprehensive. But are they? How much reliance should we place in them? Will they really shape our lives and the world we live in?
Almost 50 years ago, my professor Robert Nisbet wrote a classic article: “The Year 2000 and All That.” It was published in the Jewish intellectual magazine, Commentary, although it was in no way Jewish.
Continue reading here.
Article by Robert P. Murphy against the assertion that remaining on the gold standard prolonged the depression.
Quote:
Paul Krugman has concentrated his fire recently on those “thumping their chests” over the falling dollar. He has particular scorn for those recommending a return to the gold standard. In Krugman’s view, a simple look at the historical facts will show that it was a superstitious fetish for the yellow metal that prolonged the Great Depression.
A careful, comprehensive response to Krugman’s charges would involve an explanation of the classical gold standard, and the wonderful peace and prosperity it showered on the world. It was only after the major countries abandoned gold during World War I that major imbalances in international trade began to fester — imbalances that eventually exploded during the early 1930s. As a good capitalist pig, I point the reader to my book on the Depression for the full story.
Historical accuracy, that is, in the Bible.
14-minute video with Jonathan Pageau.
Article by Stephen Paul Foster.
Article by Laurent Guyénot.
The long and short of it: No, but the infighting (civil wars) between Christians and pagans (and between various Christian sects) weakened the Western part of the Roman Empire so that it fell apart.
Easy to understand article by Reginald Godwyn about how our current money system is at the heart of the progressing corruption of societies around the world.
Tom Woods interviews the author of this new book.
From the video description:
Jeff Fynn-Paul discusses the controversial questions surrounding European exploration and settlement in the new world: did they steal the land? Were they racist? Were they “anti-Indian”? Did they commit genocide? And many others.
Article by Sebastian Wang.
Excerpt:
Keynes: Misused, Misunderstood, and Weaponised
Austro-libertarians often reject Keynes outright. But fairness demands a distinction between Keynes’s actual theory and what has been done in his name.
Keynes did not advocate permanent deficits or chronic inflation. His argument was specific: when private demand collapses as a result of previous political or banking mistakes, the state may need to support employment temporarily until confidence returns. He believed that deficits should occur in recessions, and budget surpluses should follow in recoveries. His famous dictum was clear:
“The boom, not the slump, is the right time for austerity.”
Nothing in that sentence resembles the behaviour of modern governments.
The post-war political class discovered that Keynesian rhetoric provided a moral cover for something they already wanted to do—spend without restraint. They kept the deficits but abandoned the surpluses. They celebrated “stimulus” and ignored discipline. And so Keynes’s emergency prescription became an open-ended licence for irresponsibility.
The tragedy is that Keynes wanted to stabilise capitalism. His followers hollowed it out.
The Unholy Synthesis: Politics, Banking, and the Illusion of Wealth
By the late twentieth century, the system had settled into a stable pattern:
It is a mutually reinforcing cycle. The state gets cheap debt. Banks get profitable leverage. Voters get rising house prices. And the economy absorbs wave after wave of malinvestment.
But the structure is inherently unstable. It requires ever-growing debt to sustain the illusion. It cannot tolerate honest interest rates. It collapses if credit contracts. It accumulates imbalances so large that no democratic government can address them openly without committing political suicide.
This is not capitalism. It is a form of monetary serfdom disguised as modernity.
Why the System Cannot Reform Itself
Reform would require at least three impossible acts:
No such coalition exists. Every attempt at reform triggers electoral revolt. Every crisis invites a new round of emergency interventions that further entrench the existing machinery. The conclusion is harsh but unavoidable: The current monetary order cannot be reformed. It can only fail.
It would seem to us like liberation, says Gary North in this article from 2005.
Article by Michael Wood.
Excerpt:
How many of us know, for instance, that in the year AD37, the Church at Jerusalem sent one of the Seventy Apostles, named Aristobulus, to Britain as our first Bishop, landing at Hengist Head in company with several others? That he established the Christian faith to grow in this country from that time? This has been acknowledged by several Councils in Rome as making the British Church older than either the Church of Rome or the Church of Greece.
More on Aristobulus of Britannia here.