Topic: Gold Standard

Do the Origins of Money Matter?

– November 2, 2017

A whirlwind tour through alternative theories would seem to suggest one fits much more comfortably with a pro-liberty worldview than another.

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“Cosmic Seigniorage” Underscores Scarcity of Gold

– October 16, 2017

Creating gold requires an excedingly rare event and unfathomable amounts of energy.

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Blockchain and Gold: Compliments or Substitutes?

– July 13, 2017

Several key factors make Bitcoin and other cryptocurrencies at best imperfect substitutes for gold.

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Could Gold-Backed Digital Currency Conquer Fiat Money?

– April 21, 2017

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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Time to stop taxing gold and silver

– July 8, 2014

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

– February 11, 2013

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

– January 3, 2013

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

– January 2, 2013

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

– December 28, 2012

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

– December 18, 2012

Bloomberg’s recently (and quite rightly) christened “Forbes 30 Under 30” superstar Josh Barro is inside my head.

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The Case For 100% Reserve Banking

– December 14, 2012

by Devin Roundtree Even among the most vocal advocates of returning to a gold standard, a banking system that requires banks to reserve 100% of all deposits redeemable on demand is considered impractical and a hindrance to economic growth. However, not …

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