Both Extreme Equality and Extreme Inequality Corrupt Democracy Fact
Extreme equality and an extreme inequality are both equally as dangerous in a democratic society. In both cases it corrupts the government.
History and Events
History is the study of the past and how it relates to the human experience.
How Currency Gets into Circulation and What Happens to it
Below we explain how currency gets into circulation via the Treasury, Federal Reserve, and banks, and the role Congress, banks, businesses, and you play in the process.
Marie Antoinette Said, “Let them Eat Cake.” Myth
Marie Antoinette never said “let them eat cake”. The idea of royalty suggesting peasants eat cake is an old myth that can be traced to Rousseau’s Confessions, a Spanish Princess, and even a Chinese emperor.
Comparing the Political Ideology of Presidents
We list the U.S. Presidents, their political parties, and their political ideologies alongside descriptions of their Presidency to examine U.S. history.
Where Does the State of Nature Argument Come From?
We often attribute the origin of the state of nature argument to Hobbes, but it can be traced to thinkers like Plato, Aristotle, and the Sophists in the 300s BC, and is then mused on by other early philosophers.
Fibonacci Introduced the Modern Numeral System to Europe Fact
Leonardo Fibonacci introduced the modern decimal numeral system (the Hindu–Arabic numeral system) to Europe in 1202. Before this Roman numerals were used.
Protestantism is like Classical Liberalism and Catholicism like Social Liberalism Fact
Historically, Protestantism is like classical liberalism (individual liberties and rights) and Catholicism is like social liberalism (state enforced social justice).
The Birth of Modern Banking
Modern banking originated in Italy around 1150 as Jews fleeing persecution brought new practices, including “discounting”, to the merchant banks of the Italian piazzas.
The 2007 – 2009 Financial Crisis Explained
We explain the Financial Crisis / Great Recession of 2007 – 2009 that began with the 2006 housing bubble, led to a recession in the U.S. by December 2007, and became a global crisis by 2009.
Andrew Carnegie’s Gospel of Wealth Explained and Annotated
Below we present an annotated version of Andrew Carnegie’s 1889 essay Wealth (better known as the Gospel of Wealth).