‘Medium of exchange, ‘is just another way of saying ‘money.’  Actually, ‘money,’ started with barter.  Bartering equal valued things for equal, was obviously matters of opinion of value. Each side raised the value of theirs and the opposite also raised theirs, so it became necessary to find a medium of exchange, using a coin or […]

It is a glorious thing, to watch a train being pulled by a steam locomotive of any size, and at any speed, but especially large ones, and at high speeds. I am also able to relate to the reader, that riding in the cab of such a large engine running at high speed is an […]

Just imagine an imaginary, well publicized and advertised, un-backed by anything, and very popular coin, going from $90,000, down to $16,000, in a matter of weeks.  That coin is called ‘crypto,’ meaning ’fake,’ and its name is “Bitcoin.”  I have written about this fraud a couple of times in the past two years, and what […]

(This is part of chapter 21 in my 35-year old book: “I Hold These Truths.”  Been re-printed four times, and no longer available) I recently sat in my favorite chair, and looked around me, thinking of the origins of all the things I know so well:  The furniture, wallpaper, carpet, kitchen, windows, furnace, laundry equipment, […]

“The more of anything there is, the less they will be worth.”  This applies to just about anything.  Even water.  In the Eastern U.S., where it rains anywhere from 40 to 60 inches a year, water is cheap, and usually no one has to water their lawns or irrigate their fields.  In the Western U.S., […]