Second Thoughts on Indian Demonetization
Indians accomplished in mere months something that took Europeans ten years.
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“Cosmic Seigniorage” Underscores Scarcity of Gold
Creating gold requires an excedingly rare event and unfathomable amounts of energy.
READ MOREBlockchain and Gold: Compliments or Substitutes?
Several key factors make Bitcoin and other cryptocurrencies at best imperfect substitutes for gold.
READ MORECould Gold-Backed Digital Currency Conquer Fiat Money?
A freely traded digital currency backed by gold may be just around the corner. This week, at the MIT Technology Review’s Business of Blockchain conference, I heard Sandra Ro of CME Group (which operates the world’s largest futures and options exchange) …
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Cash and Crime
The benefits of reducing crime by banning cash are lower than Rogoff implies.
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Time to stop taxing gold and silver
Last month, Oklahoma Governor Mary Fallin signed Senate Bill 862 into law, once again recognizing gold and silver as legal tender and an acceptable means of payment of debts in the Sooner State. While this treatment would seem self-evident, noting Arti …
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The Impossibility of Economic Calculation in a Fiat World
The purpose of keeping accurate accounts is to quantify net worth at any given point in time – as well as the change from a prior date.
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Even Manufacturing Prefers Sound Money
With an annual growth rate of only 1.2%, the Federal Reserve reports that America’s iconic manufacturing industry is on pace for its toughest year since 2009. But the true state of America’s manufacturing industry is far gloomier than what the governme …
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2012 Currency Rankings In Terms of Gold
Now that 2012 has come and gone, here are the 15 most traded currencies ranked by their performance against the yellow metal. Among the top performers, the New Zealand dollar and Swedish Krona should not come as a big surprise; the central banks of bot …
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Keep Your Golden Eyes on China
Due to the European Debt Crisis, little attention has been paid to the fundamental changes taking place in China. For more than a decade China has served as the biggest creditor to the United States government. But, two years ago, China apparently had …
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Further Inside the Brain of the Sound Money Advocate
Bloomberg’s recently (and quite rightly) christened “Forbes 30 Under 30” superstar Josh Barro is inside my head.
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