Money and finance has been an integral part of human civilization ever since the advent of trade. Over time, although taking many forms, from salt to gold coins to paper bills, money has almost always had a physical basis. With the advent of fractional reserve banking, however, and the introduction of digital technology and accounting…
Month: May 2017
Malthus and His Discontents – Population and Policy
In 1798 Thomas Malthus postulated in his essay on population growth that given an abundance of food, population would grow until food supplies collapsed, causing a decline in fertility. He observed that this pattern had held true for the masses of the underclass for centuries in England, keeping average per capita income stagnant. All this…
Columbine – Culture of Violence
On April 20th, 1999, Eric Harris and Dylan Klebold bombed, shot, and killed 13 classmates and injured wounded 24 others at Columbine High School, Colorado. The shooting sparked a nationwide debate over the causes behind such a massacre and led to several changes in American culture, education, and security practices. The Myth of the 20th…
Myth of the 20th Century 