Tag Archives: money
Was There Ever a Default on U.S. Treasury Debt?
As the bailouts in the current bust inexorably mount, financed in rapidly increasing U.S. government debt, one might wonder whether a default on Treasury debt is imaginable. In the course of history, did the U.S. ever default on its debt? Well, yes. Continue reading
Ayn Rand on Money
Excepted from Atlas Shrugged, by Ayn Rand So you think that money is the root of all evil? Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist, unless there are … Continue reading
