Graph of the US GDP growth from 1980 to 2020

USA Bank Regulation: 1980 to 2000: The Long Boom

The long boom was not without its bust cycles, but during this 20 year period of general economic expansion, they were fairly short and fairly shallow. ———————————— This post is part of a larger series and sub-series. Here is a

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Image of Fredrich Hayek, Milton Friedman, Ronald Reagan, and Margaret Thatcher

USA Bank Regulation: 1980: Neoliberalism

While most people think of neoliberalism as having started in the late 1970s or early 1980s, its roots go back to the end of world war I, when the idea of the modern nation-state took over from the prior era

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An image of a slide showing Fed management of the economy after the Fed-Treasury Accord of 1951

USA Bank Regulation: 1951: After the Accord

The Fed-Treasury Accord of 1951 was a bank regulation that created what we refer to as the independence of the Fed. We say this because compared to what was before, it made the Fed independent of the Treasury. A little

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Image of logos of the IMF and the World Bank

USA Bank Regulation: 1944: New World Order

I know new world order has become a loaded phrase these days with ideas of the great reset, etc, but I don’t have a better phrase to describe what the Bretton Woods Agreement did in July of 1944. The institutions

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Image of "Women Support War Effort" stamp.

USA Bank Regulation: 1941: World War Two

The bank regulations that changed in the United States to help pay for world war two almost exclusively affected operations of the Federal Reserve, which makes sense when you consider that the war was managed by the federal government, and

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Images representing the new deal of President Roosevelt

USA Bank Regulation: 1933: The New Deal

How big was the problem? The economic impact of the great depression is illustrated by the two charts below. The first shows the US GDP with the depression time period shadowed in pink and the second shows the US unemployment

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Bank regulation: An image of an 1862 greenback US dollar

USA Bank Regulation: 1862: Greenbacks

Bank regulation and the creation of greenbacks… The US free banking era started in 1837 when the second Bank of the United States dissolved after Congress failed to renew its charter. While the Bank of the United States was not

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bank regulation: Image of a bank during during the free banking period

USA Bank Regulation: 1837: Free banking period

Prior to the dissolution of the second Bank of the United States (due to Congress not renewing its charter in 1836), bank regulation for state banks was lax, and afterwards, it stayed so, for quite a while. Between 1829 and

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Bank regulation: Image of the front of the bank of north america, the first chartered financial institution in the United States

USA Bank Regulation: 1782: Bank of North America

How did bank regulation allow the United States to fund the rest of the War of Independence? Robert Morris was appointed Superintendent of Finance of the United States in May of 1781, about two months after the Articles of Confederation

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Continental currency: An image of a continental currency bank note

USA Bank Regulation: 1775 to 1782: Continental currency

When the American colonies were British, each colony issued their own currency, denominated in the British currency units: pounds, shillings, and pence. The values of each currency varied between colonies. A pound issued in Massachusetts for example was not equivalent

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Image of papers with two stamps "bank regulations" and "rules"

United States banking and bank regulation history

Bank regulation in the United States was never designed from a big picture perspective. Rather, a problem was identified and solved. This generally created more problems. Which were identified and solved. Which created more problems. Which were identified and solved.

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Banking regulation: Image shows a Bitcoin physical coin in the foreground, and a pricing chart in the background

The history of banks and banking regulation

This blog follows my interests in learning about money, banking, economics, supply chains, etc. This interest started a few years ago when I was made aware, by an anthropologist (David Graeber), that a foundational belief about money, is not based

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Scandinavian socialism: Image of the flags of five Scandinavian (Nordic) countries

Is Scandinavian socialism really just regulated capitalism?

This entry is part 1 of 6 in the series Scandinavian socialism

I’ve seen many contradictory comments online about “Scandinavian socialism” vs “No, they’re capitalist”. Some feel Scandinavian economies fit modern definitions of socialism, others feel they’re capitalist economies with strong social safety nets, sometimes described as “European welfare states”. I’ve wondered

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Marxist economic theory: Picture shows a fat capitalist provided small wages to a work who helped produce enormous profits

Marxist economic theory criticisms of capitalism

Let me open by saying that it is very recently that I’ve learned anything about Marxist economic theory, but what little I’ve learned so far has surprised me. I’ve always learned that Marxist economic theory and ideas were harmful, evil,

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What is money: An image of banknotes of various countries, with the words "What is money?" above them

What is money and where does it get its value?

This post is a summary of a YouTube video where L Randall Wray is discussing (explaining may be more accurate) that from the perspective of treasury and central bank monetary operations, “what is money?” and where it gets its value.

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The World Bank: An image of their logo

What is the World Bank?

This entry is part 3 of 3 in the series The Neoliberal World Trade System

The World Bank consists of two of five organizations that together make up the World Bank Group. The World Bank Group The World Bank These two organizations make up The World Bank. IBRD: International Bank for Reconstruction and Development They

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