Panic of 1814 Panic of 1819 Panic of 1825 Panic of 1837 Panic of 1857 Panic of 1866 Panic of 1869 Panic of 1871 Panic of 1872 Panic of 1873 Panic of 1877 Panic of 1882 – France Panic of 1884 Panic of 1889 – Paris Panic of 1890 Panic of 1893 Panic of 1895 […]

 First Bank of the United States 3rd Street Philadelphia 1637 (March) Tulipomania 1662 Russian Copper Panic 1683 European Panic Set off by Ottoman Invasion 1683 Rye House Plot Panic of 1711 1720 Mississippi Bubble (Paris) 1720 South Sea Bubble (London) Panic of 1731 Panic of 1745 Panic of 1763 Panic of 1772 Panic of 1783 […]

Athenian Financial Crisis 354BC Financial Panic 142-141BC Financial Panic of 53BC Financial Panic of 49BC Financial Panic of 33AD Financial Crisis of the 3rd Century AD Great Monetary Crisis of 1092AD  

View the new Sovereign Debt Crisis page. The page includes a video clip of Martin Armstrong from the December 2011 Conference as well as Martin’s writings on the crisis.

We’ve added 3 books to the Library. The Decline & Fall of the Roman Empire By Edward R. Gibbons On the Principles of Political Economy and Taxation By David Ricardo An Inquiry Into the Nature and Causes of the Wealth of Nations By Adam Smith

Chapter 23: On Bounties on Production It may not be uninstructive to consider the effects of a bounty on the production of raw produce and other commodities, with a view to observe the application of the principles which I have been endeavouring to establish, with regard to the profits of stock, the division of the […]

Chapter 12: Land-Tax A land-tax, levied in proportion to the rent of land, and varying with every variation of rent, is in effect a tax on rent; and as such a tax will not apply to that land which yields no rent, nor to the produce of that capital which is employed on the land […]

PREFACE The produce of the earth — all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community; namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it […]

by David Ricardo David Ricardo was a British economist most famous for his ‘Theory of Comparative Advantage’ and of ‘Rent.’ The former states that countries will be better off if they specialize in producing goods where they have a comparative advantage. He defines rent on land as being the surplus over the costs of production. […]

BOOK FIVE OF THE REVENUE OF THE SOVEREIGN OR COMMONWEALTH CHAPTER I: Of the Expenses of the Sovereign or Commonwealth ——————————————————————————– PART 1 Of the Expense of Defence THE first duty of the sovereign, that of protecting the society from the violence and invasion of other independent societies, can be performed only by means of […]