James C. Bennett, Michael J. Lotus's America 3.0: Rebooting American Prosperity in the 21st PDF

By James C. Bennett, Michael J. Lotus

ISBN-10: 1594036438

ISBN-13: 9781594036439

America’s maximum days are but to come back.

We are in a painful transition interval. Our govt is crushingly pricey, failing at its easy capabilities, and not able to maintain its gives you. It doesn't paintings and it can't proceed because it is. however the inevitable finish of huge executive doesn't suggest the tip of the US. It in simple terms ability the top of 1 part of yankee lifestyles.

America is poised to go into a brand new period of freedom and prosperity. The cultural roots of the yankee humans return at the least fifteen centuries, and make us individualistic, enterprising, and liberty-loving. The Founding iteration of the USA lived in a global of kinfolk farms and small companies, the US 1.0. This international light away and was once changed through an industrialized global of huge towns, substantial enterprise, vast exertions unions and massive govt, the United States 2.0. Now the US 2.0 is superseded and crumbling, whereas the United States 3.0 is suffering to be born. This new international will carry significant productiveness, speedy technological development, higher scope for person and family-scale autonomy, and a leaner and strictly restricted executive.

America has made one significant transition already, and commercial the US grew to become an monetary colossus. we're now creating a new transition, in an effort to shock many american citizens, and astonish the realm.

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Additional info for America 3.0: Rebooting American Prosperity in the 21st Century—Why America’s Greatest Days Are Yet to Come

Sample text

The advent of paper money and bank deposits, an economic boon when backed fully by gold or silver, provided the open sesame for government's road to power over money, and thereby over the entire economic system. [10] The use of foreign coins was prevalent in the Middle Ages and in the United States down to the middle of the 19th century. III. Government Meddling With Money 7. Permitting Banks to Refuse Payment The modern economy, with its widespread use of banks and money¦substitutes, provides the golden opportunity for government to fasten its control over the money supply and permit inflation at its discretion.

13]The establishment of the Federal reserve in this way increased three-fold the expansive power of the banking system of the United States. The Federal reserve System also reduced the average legal reserve requirements of all banks from approximately 21% in 1913 to 10% by 1917, thus further doubling the inflationary potential—a combined potential inflation of six-fold. See Chester A. F. W. , 1937) pp. 23 ff. III. Government Meddling With Money The Ludwig von Mises Institute • 39 What Has Government Done to Our Money?

It also greatly raises the costs of imported goods, and this means a great deal to those countries with a high proportion of international trade. In recent years, therefore, governments have moved to abolish freelyfluctuating exchange rates. Instead, they fixed arbitrary exchange rates with other currencies. Gresham's Law tells us precisely the result of any such arbitrary price control. Whatever rate is set will not be the free market one, since that can be only be determined from day-to-day on the market.

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America 3.0: Rebooting American Prosperity in the 21st Century—Why America’s Greatest Days Are Yet to Come by James C. Bennett, Michael J. Lotus


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