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We live in the age of rampant (monetary and price) inflation, more frequent economic crises, chronic deficit spending, unpayable debt, and massive financial bubbles. That’s not accidental. That’s consequential. This fact and the many economic, social, and even cultural consequences of our fiat money system remain largely unknown to the majority of

Monetary inflation is highly desired by the state. This has been the case thought history and still is the case today. That is because inflation facilitates government  spending beyond the revenue it takes through taxation. Government spending gives rulers, politicians, and bureaucrats greater centralized control and commanding power over people’s

African politicians tend to blame foreign actors or external factors for the problems at home. This is nothing new nor is it unique to African politicians. Across the world, rulers and politicians do not miss a chance to blame domestic woes on local or foreign scapegoats, thus shielding themselves from their own policy failures.  With African

Money is not the root of evil as many people mistakenly think. Corrupted money (i.e., fiat money and currency debasement), however, is the root of many economic, social and cultural evils.  Most people know what money is, superficially, yes. Also, most don’t quite understand the concept of money. Otherwise, as Henry Ford put it “It is well enough

Africa has been plagued with rampant inflation and monetary instability over the past fifty years. There have been numerous cases of currency crises and currency resets. Even hyperinflation, the most destructive economic phenomenon, has left its ruinous mark on several African societies. Some may say this is because African central banks are

The African Continental Free Trade Area (AfCFTA) is the world’s largest free trade area by the number of countries. It is the most ambitious and, given demographic trends, the most promising free trade project on earth. The AfCFTA matters very much to Africa’s economies separately and to the continent’s collaborative and integrated economic

The energy and climate goals that Western governments, the United Nations, and other organizations are pushing on Africa constitute a crippling blow to its economies. As the least developed region, Africa should unequivocally prioritize economic development. One would think that amid energy poverty in Africa, Western governments and “development”

It is common for commentator to point to corruption, incompetence, malicious Western meddling, and other factors as the source of Africa’s continued economic woes. One seldom hears so-called experts point to taxes as a major impediment to economic development. Even “development economists” do not repudiate Africa’s paradoxically onerous tax

The misconception that money and natural resources are wealth is rampant among intellectuals and other educated individuals, and even economists. Prevailing monetary and economic policy choices reflect this entrenched misconception. Consider the fact that since the 2008 Great Recession, leading central banks have injected trillions of dollars,

Official history is not necessarily truthful history. Perhaps no place is more congruent with that than Africa. Not to their fault, most people tend to have a wildly superficial understanding of African history. Press narratives, imagery, and films have largely emphasized slavery, colonialism, poverty, conflicts, and the like. A posture that does