Lately we have been engulfed by headlines reporting financial turmoil on every continent, in almost every nation, large and small. The commissars of central planning who so marred the history of the 20th century have been replaced by central banks in the 21st.
Beginning with the Spanish discovery of the Americas, Conservative Member of British Parliament Kwasi Kwarteng takes readers through a history of money, its relationship to war and the resulting impact he believes the interconnection has on present-day free markets worldwide.
On July 6th, Nobel economics laureate and Princeton Professor launched, in the New York Times, one of his occasional polemics, entitled Conservative Delusions About Inflation, against proponents of the gold standard.
Alexander Hamilton was America’s first Secretary of Treasury under President George Washington. When he first entered office in 1789, America was an agricultural nation of just 4 million still broke from its financially costly victory over the British Empire in the Revolutionary War.
“Lower marginal tax rates and a proxy for the gold standard created 40 million jobs,” Jack Kemp Foundation President Jimmy Kemp said at a forum hosted in the U.S. Capitol. “We are here today to encourage people to take it and bring it to conclusion.”