Since August 15, 1971, the US dollar has been completely severed from gold. President Richard Nixon suspended the most important component of the Bretton Woods system, which had been in effect since the end of World War II. Nixon announced that the US would no longer redeem dollars for gold for the last remaining entities that could: foreign governments. Gold redemption had been made illegal for everybody else, so this action finally ended any semblance of a gold standard for the US dollar.
In Crisis and Leviathan, Robert Higgs showed how in the twentieth century the US government grew in size and scope primarily during crisis periods like wars or economic depressions. The powers gained during those periods were often advertised as “temporary,” but history shows that governments rarely relinquish powers. This “ratchet effect” applies to the way Nixon “temporarily” suspended gold redemption in 1971 – the resulting regime of unbacked fiat dollars remains in effect today. Continue reading
“I cannot tell you that Hitler took Austria by tanks and guns; it would distort history.
A Virginia county school board elected not to enact transgender policies mandated by the state that looked to “address common issues regarding transgender students.”
Would you want to hire someone who couldn’t read, couldn’t write, and couldn’t do math? If so, Oregon’s public high schools will soon have graduates who fill the bill!
“We oppose attempts to ban critical race theory and/or The 1619 Project,” the National Education Association (NEA) said in a resolution late last week. At its 2021 annual meeting, America’s largest teachers’ union — and largest union of any kind — passed a slew of pro-CRT resolutions. They also approved “an already-created, in-depth study that critiques white supremacy, anti-Blackness, anti-Indigeneity, racism, patriarchy … capitalism … and other forms of power and oppression.” The resolutions amounted to a declaration of war on parent organizations that have sprouted up as sentinels against encroaching wokeness. The victor will determine the path of education for America’s children and — by extension — our country’s future. Finally, the battle lines are drawn clearly.
If it seems that young people these days believe absurd things, that they utterly lack both the ability and the inclination to reason logically – well, it’s not your imagination. Today’s college graduates can’t think, or at least don’t think, because they’re not being taught to.
When it comes to legal battles over Critical Race Theory (CRT), teacher’s unions are not merely willing to defend themselves from lawsuits, they’re filing them as well. On Monday, Nicole Solas, a Rhode Island mom whose daughter will be going into kindergarten, was sued by chapters of the National Education Association (NEA) for submitting multiple requests to find out what her daughter was learning when it comes to lesson plans on concepts such as transgenderism and Critical Race Theory (CRT)
If it were not for human beings, and their brains, the world would not be the same. A great example of that was the world of the dinosaurs. In millions of years, the dinosaur’s ability to think changed very little. In return, their lifestyle, safety, convenience, diet, travel, comfort, diet, protection, exploration, and innovation changed very little.
