When Germany suspended the gold standard to help fund the costs of WWI, they set in motion a series of economic dominoes that concluded with a grand finale: a system of global monetary rules and standards.
While hindsight is always 20/20, it is helpful to look back at the causes for Germany’s dire economic situation in the 1910s to see how one catastrophic mistake lead to another. The result, the end of the gold standard and a monetary system built on predatory lending has only deepened our persistent economic malaise.
Continue reading “The Lasting Effects of The Nazis”
In 1971, President Nixon permanently dislodged the USD from the gold standard, ending nearly forty years of global monetary policy in which the USD was equal to a fixed price for gold. In its place, Nixon decided to introduce a floating currency exchange system called Fiat which remains in place today.
Continue reading “Nixon’s Devastating Legacy”
Justin Wolfe is the main character in the book, Optimizing America. In the book, Justin is reluctantly running for president. He is reluctant because he knows there is a big price to pay for being scrutinized by both the media and opposition research. Presidential elections always come down to a choice between two seemingly poor candidates- the choice between two evils. Justin cleverly analyzes the last few presidents for flaws as a way to shield himself from scrutiny.
Continue reading “The Making of Justin Wolfe”