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“After 1914, the gold standard was given up and in the 1920s countries unabashedly resorted to unbridled fiat money resulting in hyper-inflation in a number of European countries. World War II resulted in the virtual demise of the sterling as a reserve …
READ MORE“President Roosevelt’s second offensive against the depression has been launched in the form of an amendment to the farm bill. This amendment provides a manner in which the credit of the country will be expanded. Expansion of credit is expected to lead …
READ MORE“A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, fiscal, and monetary ills, Steve Forbes predicted during an exclusive interview this w …
READ MOREIt took 200 years to build and perfect the classic gold standard system; then it was destroyed in about seven weeks when the Guns of August 1914 thundered across Europe; and now I am allotted seven minutes to resurrect it. Fortunately, Churchill’s defense of democracy also applies to the daunting task at hand: To wit, the classic gold standard is the worst possible monetary system – except for all of the alternative inflation-generating, savings-destroying, debt-breeding, bubble-emitting and boom and bust-prone systems which have been tried in the 100 years since its demise. Hence, we offer six present day monetary vices which are curable by gold…
READ MOREWe sound money types lament the disappearance of “good” money like gold and silver coins from day-to-day business. There is something special about these ancient and honorable monies. No, it’s not some Goldmember-style fetish, some psychological afflic …
READ MOREI have been writing on the premise that sound money is money uncontrolled by a central authority. Although I believe that gold would be (and has been) the best option for a people’s money uses, in reality anything can be money; some things are just better than others.
READ MORERobert Kiyosaki talks about his book, Rich Dad’s Conspiracy of the Rich: The 8 New Rules of Money, and the fall in value of money due to inflationary money printing. I have not read the book, but the video is a good one. Watch the video here. H/T to Ro …
READ MORE“After three decades of railing against America’s monetary policies, Congress’ most famous gold bug and anti-Fed crusader, Rep. Ron Paul (R-Texas), doesn’t have much to show for his efforts on the national level. But Paul’s message finally seems to be …
READ MORELast week, I wrote something here that might seem a little strange for a “sound money” blog. I stated that fiat paper money could be the optimal form of money in an ideal world. Sure, we “sound money” economists see much virtue in a commodity money lik …
READ MOREOn Tuesday, March 29, Northwood University will be hosting “Should America Adopt the Gold Standard?” , a debate between Dr. Richard Ebeling of Northwood and Dr. Robert Barsky of the University of Michigan. Should the United States return to a gold stan …
READ MORELarry White gives a lecture on the benefits of Free Banking and the Gold Standard at the Cato Monetary Conference in November, 2010. Watch it here. Larry White on Free Banking and Gold Sheldon Richman Anything Peaceful, March 8, 2011. Via the Foundat …
READ MOREThe emergence (note I don’t say “invention”) of money stands out as one of the great boons to human economic development. Life before money was frustrating. For a mutually beneficial trade to take place, there must be a “double coincidence of wants”: U …
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