Economic Nationalism Is a Terrible Response to the Currency War
The way out of the dilemma and to resolve the problem that is posed by the existence of national currencies under state authority, is to use private money at a global scale. Gold once served this purpose and could again. Further, the new electronic monies, like Bitcoin for example, are not bound to a specific state or nation.
READ MOREGovernments and Central Banks Should Look to Gold Not Crypto
The Fed should focus entirely on the soundness of the dollar and the banking system. Innovations like cryptocurrency and the growing infrastructure associated with it are the business of private enterprise, not government and official institutions.
READ MOREMuch Ado About Nothing: Objections to the Classical Gold Standard
The classical gold standard has gotten a raw deal in our historical memory. Setting the record straight is a crucial step on the road back to restoring sound.
READ MOREThe Economics of the Classical Gold Standard
The era of monetary cosmopolitanism was brief. But its effect on human welfare was enormous.
READ MOREInflation Is Theft: On the Founding of AIER
Government monetary policy was not invented to help the everyday person but instead to benefit the government and its connected interests, “the swindlers.”
READ MOREThe Gold Standard and Deflation
Problems that arose with the gold standard were certainly associated with deflation. That does not mean the gold standard was inherently deflationary.
READ MOREMonetary Cosmopolitanism: The International Gold Standard
In many ways, we are better off than we were in the era of the international gold standard. But monetary freedom is not one of them.
READ MOREThe Case For 100% Reserve Banking
by Devin Roundtree Even among the most vocal advocates of returning to a gold standard, a banking system that requires banks to reserve 100% of all deposits redeemable on demand is considered impractical and a hindrance to economic growth. However, not …
READ MOREA Golden Path: Reply to Professor Cochran
In his recent Mises Daily article “Fool’s Gold Standards,” John P. Cochran warns his readers against accepting any monetary reform less than that of money created by the free market.
READ MOREForbes Review: Roads to Sound Money
The only plank remaining under notable discussion from either national convention platform of 2012 is the GOP platform’s call for a national monetary commission.
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