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…