“As a rule, political economists do not take the trouble to study the history of money; it is much easier to imagine it and to deduce the principles of this imaginary knowledge.”
– Alexander Del Mar
From the wealthiest business owner to the poorest worker, the global financial crisis of 2008 brought fear and panic to our society. Over a decade later – after trillions of dollars of debt, trillions of dollars of monetary stimulus, trillions of dollars of deficits, and virtually trillions of pages of regulation – do we believe the world is in a more sustainable place? Does the little guy have an equal chance? Is the system materially more stable, more stable at the margin, or perhaps less stable with respect to governments, banks, and markets?
You may have doubts that your country is on a sustainable path or that your government is being fiscally responsible, concerns about money creation and your currency's value, or concerns that you are paying and receiving your fair share. If you are in the middle or lower class, you likely have concerns that the cards are stacked against you and you will not have enough resources to pursue your dreams – or even feed your family. The global wealth gap between the “haves” and “have-nots” continues to grow at an extraordinary pace; the global middle class feels trapped. In 2017, 82 percent of the wealth generated went to the richest 1 percent of the global population while the poorest half of the world saw little or no increase ...