A Tangent on Tobacco – A Legacy in American Economics: Part 2

Tobacco sprouted up throughout Virginia, and became so influential that when the Virginia Colony’s General Assembly first met to establish a sort of self-governed representative legislation, the first law to pass was regarding the economics of the tobacco trade. Often called “country money,” tobacco was established as currency throughout Virginia, …

We Want Wampum

“No complaint… is more common than that of a scarcity of money.” – Adam Smith When the settlers in the New World weren’t slaughtering natives to increase economic expansion by assuming control of their land, they were learning new ways of expanding their economy. Wampum was one such lesson. “Modern …

Protest and Reform

“The Reformer is always right about what’s wrong. However, he’s often wrong about what is right.” – G.K. Chesterton At the time, no one was more into fortune and glory than the Roman Catholic Church. One of the guiding principals of the papacy was that God must be worshiped through …

The Inquisition Gets Medieval

“NOBODY expects the Spanish Inquisition!… Amongst our weaponry are such diverse elements as: fear, surprise, ruthless efficiency, an almost fanatical devotion to the Pope, and nice red uniforms.” – Monty Python Europe used money a lot, and from the fall of the Roman Empire until the Renaissance, they didn’t use …

Crusading for Coinage

“If you want to make a little money, write a book. If you want to make a lot of money, create a religion.”  – L. Ron Hubbard     By the time the Roman Empire fell, the Roman Catholic Church had already grown to the point where it was no …