Are the Fed’s Zero-Interest Rate Policies Too Expensive?
The cost to America’s economy, by destroying savings and price signals, is too great; the power of the Fed must be rolled back, then eliminated.
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How to Use the Dollar Index (DXY)
Remember, you still need to pull the parachute ripcord even if your altimeter is broken.
READ MOREThe Prospects for Sound Money
by Tim Kelly A silver lining of the global economic crisis is that millions of people have been awakened to the importance of sound money to a modern economy. The housing bubble and subsequent bust, excessive leveraging, reckless speculation, and the s …
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Was 2011 a Dud or Springboard For Gold?
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. Corrections ensued, and the metals ended the year on a disappointing note for silver and an underwhelming note for gold. Equities for the sector were down, to way down for junior ventures, logging their worst annual return since 2008.
READ MOREChina to Remonetize Gold?
China’s banks use gold as legal currency A prominent economist says that China’s economic importance is growing strong and steady that the ailing US and EU economies will exchange their gold reserves for Beijing’s financial bailouts. G-20 leaders are f …
READ MOREWhat the Price of Gold Means
It’s amazing how so many people don’t get gold. It’s only been 40 years since the dollar was completely severed from it’s once proud golden heritage, yet most finance and econ people are wont to consider gold just another commodity—and a not very “usef …
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Explaining Central Bank’s Gold Purchases
A dramatic shift in gold purchases has occurred. In the third quarter of this year alone, net gold purchases by central banks amounted to 150 tons — more than double the amount of the whole yearly total of 2010.
READ MOREThe other Mises and his Monetary Plan for Reconstruction
Unlike some of his followers, Ludwig von Mises invested considerable part of his life studying policy issues with a thorough knowledge of the economic conditions and statistics of his native Austria (he even had an estimate of the number of leading ent …
READ MOREGold bugs and Paper bugs
At Free Banking blog, Kurt Schuller points to Ralph Benko’s reply to Roubini’s statements that “this idea of a gold standard is pushed every other day by these gold bugs [and] is not even a theory it’s a theology,” and that the return to the Gold Stand …
READ MOREThe Gutenberg Solution
The European Monetary Union is evolving like a slow-motion train-wreck these days. Just a few weeks ago, the pundits and bloggers began to ponder the possibility of the Euro failing, and now many are claiming that this is all but inevitable (the Econom …
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What Happens If We End the Fed?
Libertarians, some Occupy supporters are among those calling for an end to the Federal Reserve
READ MOREThe First International Financial Crisis: Free Banking Failure or Regulatory Failure?
The Baring Crisis of 1890 is pointed out as the first modern international emerging financial crisis. The collapse of the banking system in Argentina came very close to triggering a financial crisis in London, the major international financial center. …
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