I recently learned that there still are people who believe the conspiracy theory that the Federal Reserve System is privately owned. One need only read Title 12, Chapter 3 of the U.S. Code to read about its ownership and what it is supposed to be doing. Some background is necessary for the creation of the Fed to make sense. The Panic of 1907 was probably the most severe financial panic in U.S. history. There were multiple problems that came together to make the panic, but it became ...
There are several types of government, and each types has its backers, but I think that only two kinds of government have been called the best, but I believe that benevolent despotism has most consistently been recognized as the best form of government. Some people suggest that it might be impossible to have the despot remain benevolent, but that is more a matter of the personality of the individual than anything else. Whether a particular individual would agree that the despot was benevolent might ...
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