Tag Archives: debt

Why Simplicity Is So Important

Jeremiah Project Posted on by

Henry David Thoreau, one of my favorite authors, once declared, “My greatest skill has been to want little.” I’ve always taken this quote to heart and have endeavored to live a life of simplicity. Now, in recent times, I think that simplicity has become even more important. When you have a look at our country, devastated with debt, you can see how the concept of simplicity and living within your means has become a completely forgotten idea. On a countrywide … Continue reading →

Will the National Debt Destroy America?

Jeremiah Project Posted on by

Thomas Jefferson warned, “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.” Debt Crisis Debt is nothing new to the United States. The American Revolutionary War led to our first national debts and the War of 1812 further expanded that government debt to approximately $75 million. In 1835, President … Continue reading →

A New Kind of Money: Debt

Jeremiah Project Posted on by

Prior to the 17th century most money was commodity money, typically gold or silver. A commodity money is a medium of exchange the units of which are fixed amounts of an actual commodity that has value other than as money alone. The continued violation of the law of just weights and measures led to a new kind of money. This was the goldsmiths’ debt rather than silver or gold coin. This development required the acceptance in trade of the goldsmiths’ … Continue reading →