Allowing banks to fail may sound extreme, but it’s really the most reasonable solution.
– Peter Jacobsen, “Why We Should Let Bad Banks Fail” (2023) |
|
|
| March 17, 2023
Separate Money and the State
The United States once had the finest monetary system in history. It was a system that the U.S. Constitution established. It was a system in which the official money of the United States consisted of gold coins and silver coins. We often hear that the “gold standard” was a system in which paper money was “backed by gold.” Nothing could be further from the truth…. |
|
|
