FDR came to power in 1933, more than three years after the 1929 Crash. The national banking system was on the verge of total collapse, despite the Federal Reserve banking system being 20 years old. Fortunately, after the Crash, many economists saw the need for an alternative to the private Fed and it’s boom-and-bust prone [...]
Archive for the ‘History’ Category
Ronnie Phillips Articles Support Economic Stability
Ronnie Phillips, professor of economics at Colorado State, wrote one of the most important books on the debt-free money bookshelf, The Chicago Plan and New Deal banking Reform (1995, M.E. Sharpe Inc.) Ronnie had a recent op-ed in The American Banker (May 15, 2009) called Some Old Ideas for Oversight may Work Today in which [...]
Joe’s Montpelier Talk, 4.8.09, Part 3: Lincoln’s Greenbacks
Joe covers US Monetary History from Andrew Jackson, through Lincoln’s great experiment with debt-free money, the original Greenback.
A Solution to the Financial Crisis: Debt-Free Money
From across the political, social and economic spectrum, there is widespread agreement that there is something wrong with the money system in this country. There is not widespread agreement on what that something is.
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