What 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 MOREThree Comments on the Gold Standard
The financial crisis in 2008, the uncertainty about the future of the Euro and the doubts on the efficiency of monetary policy has brought some renewed interest in the gold standard as an alternative monetary system; or, at least, as a benchmark to eva …
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 …
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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. …
READ MORE“Gold is NOT money!.. But, can we have yours to pay our bills?”
“NEIN! But take all zee paper you wish…”
READ MOREThe Gold Standard Mentality and the Great Depression
It is a common argument that the gold standard was one of the reasons of the Great Depression. The Federal Reserve, it is argued, was unable to follow an optimal monetary policy, with its hands tied with the gold standard regime. However, as Timberlake …
READ MOREFrom the Utah Money Summit
by Nathan Lewis – New World Economics Happily, I was invited to a conference just last week in Utah, celebrating the passage of a law to permit the introduction of an alternative, gold/silver based currency. This is actually a big deal, and if we see s …
READ MOREA Swiss initiative which could bring us true monetary reform
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-beginning-of-the-beginning/ A key p …
READ MOREThe shrinking dollar: who should go to the shrink?
Until recently, paper money advocates regarded those who pushed for letting the market choose gold or defining the monetary yardstick as a certain amount of gold as lunatics. Look at this video and see who should be sent to the psychiatrist http://www …
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