Ezra Klein Mistakes the Arsonist for a Firefighter
Does Klein really believe that the Fed currently adjusts the value of the dollar according to “the needs of our economy?”
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Sound Money Gains a Champion
What are the chances that President Barack Obama and his Treasury secretary, Timothy Geithner, will ever have anything meaningful to say about monetary policy—beyond continuing to try to coax Federal Reserve chairman Ben Bernanke to print ever more dollars to buy up ever more U.S. government debt? About the same as the interest rate you are receiving on your savings: zero.
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Led by Rep. Ron Paul, Congress Explores Sound Money
As concerns over the U.S. dollar and the Federal Reserve continue to grow, U.S. lawmakers are exploring sound money, competing currencies, and the route to monetary freedom.
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The Euro’s Fetters?
Is the Euro harder to escape than the Gold Standard? Spanish economist Jesús Huerta de Soto just published a new article entitled “An Austrian Defense of the Euro.” In this paper Huerta de Soto develops an argument based on the lectures given by Nobel …
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A Free-Market Monetary System
When a little over two years ago, at the second Lausanne Conference of this group, I threw out, almost as a sort of bitter joke, that there was no hope of ever again having decent money, unless we took from government the monopoly of issuing money and handed it over to private industry, I took it only half seriously.
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A Cure for What Ails Us
It is not enough to encourage enterprise and limit regulation—we need a fixed system of value.
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Returning to a Gold Standard System: Why and How?
The answer to ‘Why?’ is: because gold-linked stable money is superior to manipulated funny money. The answer to ‘How?’ is a bit more complicated
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The Real Debate On Gold And Money
Engaged observers who otherwise were content with that central bank apathy awake to the possibility that flexibility for the Federal Reserve comes at the price of individual flexibility. More power for Chairman Bernanke necessarily means less power for you and me.
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Contra Bernanke
Another takedown of the Fed Chairman’s “lesson” at GWU.
READ MOREDigging 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 commen …
READ MOREWould the Real Gold Standard Please Stand Up?
“Bears are animals. Animals have four legs. Chairs have four legs. Therefore, chairs love honey.” What’s wrong with this logic? Don’t ask opponents of the Classical Gold Standard… The gold standard debate has seen a spike recently in different blogs …
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