We hear all about the fading middle class, but the fading UPPER class? It seems like the only class doing well is the Political class. by Devin Roundtree It is true that the poor have gotten poorer, but so have the rich. Despite what government statist …
READ MOREby Kurt Schuler Readers of George Selgin’s post just below should be aware that there is a an extensive comment section about it, including a few of his own remarks, over at Marginal Revolution. Now, on to what I promised to discuss in my last post, so …
READ MORE“Bernanke, give these people air!” by John DeFeo Ron Paul has staked his presidential hopes on a few key issues, among the most prominent being monetary policy. The feisty Texas congressman has had his share of ideological head-butting with Federal Res …
READ MOREAll We Like Sheep A classic by Joseph Sobran fitzgerald griffin foundation Once upon a time, my father bought Time magazine every week, as I do now. He paid 20 cents per issue; I’m paying $3.95. In my teens I bought paperback editions of Shakespeare’ …
READ MOREThe received wisdom in economic history places much of the blame for the Great Depression squarely on the shoulders of the gold standard. For instance, Berkley economist Barry Eichengreen states, “Far from being synonymous with stability, the gold stan …
READ MOREThe cost to America’s economy, by destroying savings and price signals, is too great; the power of the Fed must be rolled back, then eliminated.
READ MOREFor economics, money seems to be the exception to the rule, the thing that the market cannot provide by itself. Therefore, it is said, the economist and the government must step into the market (in the form of a central banks and regulators) to manage …
READ MOREby Tim Kelly A silver lining of the global economic crisis is that millions of people have been awakened to the importance of sound money to a modern economy. The housing bubble and subsequent bust, excessive leveraging, reckless speculation, and the s …
READ MOREAs the world struggles to deleverage, with the market constantly forced to clear malinvestments of a continuous string of asset bubbles and crashes, central bankers continue their faith in the ancient tradition.
READ MOREIt’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 …
READ MOREA 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 MOREThe 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 …
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