Coinage provided an easy-to-assess standard. It also presented a significant temptation for the fiscal authority.
Monday, August 20th, 2012
Although it is very encouraging that the House voted 327 to 98 to audit the Fed last month, it is virtually certain that the Senate will not concur this year.
Monday, April 9th, 2012
When life gives you lemons, plant an orange tree. We need an alternative to the Fed's lemons.
Wednesday, January 11th, 2012
2011 was remarkable in many ways for the precious metals markets. Gold soared to new highs in early September, hitting at an intraday record of $1,920/ounce on the fifth. Silver screamed to within a hair of $50 on April 28.
Friday, September 2nd, 2011
Walter Grinder, that great educator, economist, thinker, and former Atlas trustee, alerted us to this article which can be a source of optimism for lovers of sound money: http://dailyreckoning.com/monetary-reform-the
Thursday, August 11th, 2011
My late economic professor and mentor, Hans F. Sennholz, practiced what he preached. His example added to the strength of his classes. Forecasting the great weakening of paper money he invested in gold and silver. He had mixed feelings.
Tuesday, April 27th, 2010
"The amount of circulating cash of all kinds in the hands of the people at the present time is about nine hundred millions.