“China Hides Rampant Inflation in Money Binge”

– October 21, 2010

“When money is created at a faster rate than real economic growth, the result is inflation. Yet so far this year, China’s official statistics show consumer inflation at barely over 3 percent. Those figures have many economists scratching their heads, w …

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“Managed Money” – Alan Reynolds

– October 21, 2010

“Hypothetical monetary systems always look better than actual experience. Economists therefore view their responsibility as deciding what characteristics money ought to have, then imposing that money on the public. The same economists presumably would …

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“100 Percent Reserve Money: The Small Change Challenge” – George Selgin

– October 20, 2010

“In a free market economy from which fiduciary media are excluded, economic progress will be limited, perhaps severely, by the high cost and correspondingly limited supply of small-denomination money—money that is needed to accomplish retail and other …

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Currency Chaos: Where Do We Go From Here? – Judy Shelton

– October 16, 2010

‘The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.’Global monetary relations are in disarray. Exchange rates fluctuate wildly among the world’s major trade partners, spawning talk of p …

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“It’s Time for a 21st Century Gold Standard”

– October 11, 2010

“No monetary system, including gold, is perfect. But the evidence is that the gold standard is a recipe for lower-than-predicted federal interest rates (quelling the coming fiscal crisis); lower corporate bond rates (jobs); and lower mortgage rates (re …

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“Rising Gold Prices Affect Local Companies”

– September 30, 2010

“In financial circles, analysts credit the rising price of gold to an unlikely duo: investors seeking shelter and central bankers from India, Bangladesh and other developing countries. Both are wary of a falling dollar. It starts with low interest rate …

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Money Mischief: Episodes in Monetary History

– September 29, 2010

“Nobel Prize-winner Milton Friedman — dubbed ‘the Oliver Stone of economists’ by the Chicago Tribune — makes clear once and for all that no one, from the local corner merchant to the Wall Street banker to the president of the United States, is immune …

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“Gold Miners Gain on Fed’s Latest Views”

– September 23, 2010

“Miners such as Newmont (NEM) and Silver Wheaton (SLW) galloped to new highs on Wednesday, as gold prices reached another new peak in the wake of the Fed’s latest comments. The Federal Reserve on Tuesday indicated that it was prepared to pump fresh cas …

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Devaluing the Dollar

– September 21, 2010

“The historical episodes of hyperinflation that we know of consisted of rapidly falling money demand alongside rapidly rising money supply. In general terms, what tends to happen is that after many years of persistently high monetary inflation, people …

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“Gold Prices Rise Ahead of Fed”

– September 20, 2010

“Gold prices were continuing their climb to $1,300 an ounce as investors bet on the Federal Reserve announcing another round of quantitative easing on Tuesday. If the Fed decides to buy more government bonds and expand the size of its balance sheet, it …

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Why Gold? — Cato Journal

– September 16, 2010

By Alan Reynolds — Alternative monetary systems cannot be evaluated in isolation, but only in comparison with other arrangements. The question “why gold?” thus divides into two other questions. The first is “compared to what?” The second is “why not?” …

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The Reserve-Currency Curse — WSJ

– September 16, 2010

By John D. Mueller POLITICAL ECONOMY The Wall Street Journal   Publication Date: September 4, 1986 Since 1971 the world has suffered two great inflations and three recessions. Hopes for a world-wide economic expansion have been interrupted once again, …

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