What Is Money? Who Controls It? Gold is money! Silver is money! Everything else is credit! J. P. Morgan famously said this in his testimony before Congress in 1912: “Gold is money. Everything else is credit.” J. P. Morgan was the founder of JPMorgan Chase & Co., an

When the economy goes into a recession, most economic commentators believe that the government and the central bank should take steps to counter the rise in unemployment. Some economists believe that lowering unemployment can be achieved without any cost, given that the unemployed workers are

In July 2021, the Watson Institute of Public Affairs at Brown University reported that since September 11, 2001, 7,057 US military personnel have been killed in military operations in Iraq and Afghanistan alone. Civilian contractor deaths reached 8,000, although the institute admits this is an

Our vacation airline tickets in September were funded by accumulated miles on our Alaska Airlines credit card. While on vacation this summer, my brother-in-law graciously hosted eight of us for dinner. He tried to downplay the generous hospitality by saying he had just gotten his