What is Money?

The word “money” comes from the Latin moneta, which is where coins of precious metal were made and stored. Precious metals naturally rose to the top of money markets because they are scarce, long-lasting, and valued by weight. Gold in particular became the standard for money because it is uniquely suited to serve the purposes of money.

Reflections on the Yucatan

Socialist and nationalist revolutionaries are Latin America’s most successful criminal gangs, augmenting sheer brutality with fanatical ideology.  The average person in these countries, however, craves tranquility and opportunity.  Revolutionaries are a handful of wolves who make daily life hell, all the while vainly promising a heaven-on-earth that never comes.