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Digging Up and Digging Down Gold
The Gold Standard is the worst standard, except for all the others. In a recent post at Nada es Gratis (Nothing is Free), Jesús Fernández-Villaverde discusses a visit to the vault where gold is stored at the New York Fed. The post and subsequent comments evolve into some criticisms of the gold standard. I won’t […]
READ MOREClass Dismissed
We hear all about the fading middle class, but the fading UPPER class? It seems like the only class doing well is the Political class. by Devin Roundtree It is true that the poor have gotten poorer, but so have the rich. Despite what government statistics say, incomes across the board are not at historic […]
READ MOREProblems Facing Every Monetary System
by Kurt Schuler Readers of George Selgin’s post just below should be aware that there is a an extensive comment section about it, including a few of his own remarks, over at Marginal Revolution. Now, on to what I promised to discuss in my last post, some time ago. Every monetary system faces a number of major […]
READ MOREBernanke Lecture IV Decrypted: Inflation = 20, Stability = 17, Progress = 1
…Sound Money = 0 Submitted by Tyler Durden The lecture series is complete and Ben can creep back behind the green curtain once again. Today’s lecture focused on the aftermath of the crisis and a quick summary of just where Bernanke believes the recovery lies – Fed 95: Government 11. Unfortunately the word ‘Progress’ only appears once. […]
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