marxism - Michael DeVinney

Violent Changes in the Value of Money

The changes in value haven’t come from gold. The change is due to fiat money and the printing press. Gold … Read the rest

Seattle’s Other Monorail: Some Lessons for California June 2, 2025
While this page has covered rail boondoggles in California and elsewhere, we also look at Seattle, which looked at building a monorail system, but then later wisely back off, saving the city‘s taxpayers hundreds of millions of dollars of future taxes.
Jane L. Johnson
1995: When I Testified Before the Train Wreck Known as Congress June 2, 2025
Elon Musk has found out the hard way that one can ferret out hundreds of billions of dollars that Congress wastes, but fail in getting its members to stop wasteful spending. Jim Bovard learned that hard lesson 30 years ago.
James Bovard
What Should the Optimum Growth Rate of Money Supply Be? June 2, 2025
The mainstream economic belief is that a growing economy needs a growing money supply to ensure “price stability.” Austrian economists, however, believe that there is no “optimum” money supply, which means government should not engage in monetary expansion.
Frank Shostak