Even though most adults today have lived all their lives within the floating fiat monetary system that emerged, accidentally, in August 1971, many today still probably find it rather strange that we s...
Tag: Richard Nixon
Stop Re-Writing History For Bill Russell, Muhammad Ali And Other Powerful Black Athletes
NBA great Bill Russell gets introduced to the crowd during the NBA Europe Live Tour presented by EA … [+] Sports on October 11, 2006 at the Kölnarena in Cologne, Germany. (Photo by Mansoor Ahmed...
PhDs Killed Off the Gold Standard In 1971, Not ‘Guns & Butter’
It’s not very well known, but for much of the U.S.’s existence the dollar was linked to gold without any significant stock of gold as backing. This was logical. David Ricardo was clear that a gold sta...
Here’s how Chinese media is covering Ukraine
The Shanghai branch of the Communist Party newspaper, People’s Daily, on Feb. 27, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — In China, tightly controlled coverage of Ru...