Friday In 1717, three hundred years ago this year, the modern Gold Standard was introduced by Sir Isaac Newton. In reality, it had been slowly building for over two thousand years. It lasted for 200 years. The removal of Gold from circulation in 1914 (Europe and the British Empire), put our societies on the road to ruin. We are almost there. Only the re-emergence of … [Read more...]
On the Shoulders of Giants
18th century: “If I have seen far, it is because I have stood on the shoulders of giants.” Sir Isaac Newton 21st century: “You have to be very careful in your choice of giant because you may be facing the wrong way.” Wallace Thornhill As has been oft noted, the assumption of all people throughout history is that they are smarter and more sophisticated than … [Read more...]