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Tags: andrew jackson

“Gentlemen: The National Debt is PAID.”

October 26th, 2014
in Op Ed

As some commentators here in Germany demand that the national debt has to be repaid, it should be interesting to look at instances when that has actually been achieved. I did not know of any until I stumbled upon the case of the US in 1835. more »

100 Years Ago: Why Bankers Created the Fed

December 25th, 2013
in Op Ed, syndication

by Christopher Westley , Mises.org p> The Democratic Party gained prominence in the first half of the nineteenth century as being the party that opposed the Second Bank of the United States. In the process, it tapped into an anti-state sentiment that… more »

De-Financializing the Economy

May 17th, 2011
in Op Ed

The problem facing most main-stream economists (and certainly the ones at the Federal Reserve) is that their Keynesian textbooks have taught them that at some "tipping point" the growth rates of the numerator and the denominator of that ratio become inexorably linked, making the ratio unfixable through normal (i.e., relatively painless) means. more »

"Unthinkable" Regime Changing Debt/GDP End-Games

April 30th, 2011
in Op Ed

There are solutions to the current debt crisis that are unthinkable given the present "regime" -- the current composition of the U.S. congressional, executive and judicial branches of government. We can classify those changes into two broad categories: those that conceivably could be initiated after only one more electoral cycle by extending recent political trends, and those that would require a more radical political upheaval on the scale of Andrew Jackson's or Franklin Roosevelt's election. more »

Unthinkable End Games that Preserve Regimes

April 23rd, 2011
in Op Ed

RooBy "regime preserving" we mean end-games that don't need the sweeping systemic changes that characterized the administrations of Andrew Jackson or Franklin Roosevelt. In fact, the regime preserving end-games discussed below could keep most of the current institutions (e.g., the Federal Reserve) in place, even if those institutions are pushed far outside of their conventional operating zones. more »




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