Those of us who lived through the 2008 ‘Great Recession’ learned some hard lessons about how the economy really works. Here I’d like to compare what actually happened with a back test utilizing the Fides Economic Model through the APCA. What actually happened in 2008-2009? First let’s discuss briefly what financial effects we saw during…

In a world grappling with inequality, stagnant wages, and economic instability, one idea often surfaces as potential a fix: Universal Basic Income (UBI). UBI, popularized by thinkers like Andrew Yang, promises a monthly cash payment to every adult—no strings attached—to combat poverty and automation’s job losses. Fides, a citizen-ownership framework, reclaims the value of America’s…

The short answer is no. We haven’t been capitalist by the classical definition since August 15, 1971. That was the day the Richard Nixon killed the final connection between the dollar and gold. Piketty’s r > g problem existed, and wealth inequality was still driven by higher returns on concentrated assets. From that moment on,…

This is perhaps the most important question to dissect when discussing Fides Currency. We have all certainly heard that the National Debt is ‘out of control’ or that we are on the verge of a sovereign debt crisis. We’ve seen the US Debt Clock, as shown above, furiously ticking away. And we’ve heard countless politicians…