Home » Posts tagged 'gold standard' (Page 4)
Tag Archives: gold standard
Central Bank Money Printing—-The Rotten Philosophy Beneath
Central Bank Money Printing—-The Rotten Philosophy Beneath If advocates of freedom were to make up a list of New Year’s resolutions for 2016, one of the most important items should be ending government’s monopoly control over money. In a free society, people in the marketplace should decide what they wish to use as money, not […]
A Free Market in Interest Rates
A Free Market in Interest Rates Unless you’re living under a rock, you know that we have an administered interest rate. This means that the bureaucrats at the Federal Reserve decide what’s good for the little people. Then they impose it on us. In trying to return to freedom, many people wonder why couldn’t we […]
Paper Money Versus the Gold Standard
Paper Money Versus the Gold Standard We are living in a time that can only be considered monetary chaos. The U.S. Federal Reserve has manipulated key interest rates down to practically zero for the last six years, and expanded the money supply in the banking system by $4 trillion dollars over that time. And with […]
What’s Different About Monetary Policy?
What’s Different About Monetary Policy? Many people agree that it’s important to move to a free market in money (i.e. the gold standard). They also say that it’s just as important to fight bad taxes and regulation. In their view, government interference in the economy is like friction in a car. The more friction you […]
Gold Standard Nonsense Compelling Us To Repeat History
Gold Standard Nonsense Compelling Us To Repeat History COMMENT: “The system is collapsing. It is not because of some derivatives bubble. It is not because of fiat. This is because of the debt gone wild” Sure! And you don’t see the connection with the lack of a gold standard? This would never have happened during […]
Bishop: Ben Carson Upsets Washington Post for Questioning Fiat Money
Bishop: Ben Carson Upsets Washington Post for Questioning Fiat Money Tho Bishop writes: Neurosurgeon-turned-Presidential candidate Ben Carson has been under attack this week by our PC-enforcers in the media. While most of the media scorn has been directed at Carson’s defense of gun ownership following last week’s shooting in Oregon – Matt O’Brien of the Washington Post slapped at Carson […]
That 70s show – episode 4
That 70s show – episode 4 We have shown in the previous three episodes (episode 1, 2 and 3) how the US economy structurally changed after Nixon took the US off gold, letting the Federal Reserve do what it does best. Obviously, with the “hard” anchor of the US dollar cut loose, the rest followed suit. It is telling […]
A Portrait of the Classical Gold Standard
A Portrait of the Classical Gold Standard “The world that disappeared in 1914 appeared, in retrospect, something like our picture of Paradise,” wrote the economist Cecil Hirsch in his June 1934 review of R.W. Hawtrey’s classic, The Art of Central Banking (1933). Hirsch bemoaned the loss of the far-sighted restraint that had once prevailed among the “bankers’ […]
A Funny Thing Happened To Oil Prices When Nixon Killed The Gold Standard | Zero Hedge
A Funny Thing Happened To Oil Prices When Nixon Killed The Gold Standard | Zero Hedge. For the past 150 years, crude oil prices have varied between around $10 per barrel and around $120 per barrel. For many decades, oil prices were relatively “stable” but a funny thing happened in the early 70s and everything changed – […]
Debunking Keynesian “History”: The Gold Standard Had Nothing To Do With Panics And Busts | David Stockman’s Contra Corner
Debunking Keynesian “History”: The Gold Standard Had Nothing To Do With Panics And Busts | David Stockman’s Contra Corner. One of the main reasons that detractors of the gold standard contend it is a “barbarous relic” (in John Maynard Keynes’s phrase) is that it was implicated in so many financial panics and economic busts back […]
from the archives: “they teach people ignorance” | the irresistible fleet of bicycles
from the archives: “they teach people ignorance” | the irresistible fleet of bicycles. Todays post is the text of an opinion piece written by William C Gehrke and published in The Kansas Union Farmer on April 16, 1936! Gehrke does an incredible job of articulating the benefits of organizing farmers, the challenges posed by hegemonic […]
The Gold Standard Did Not Cause The Great Depression, Part 2 » The Cobden Centre
The Gold Standard Did Not Cause The Great Depression, Part 2 » The Cobden Centre. As noted in my previous column, AEI’s James Pethokoukis and National Review‘s Ramesh Ponnuru — among many others — appear to have fallen victim to what I have called the “Eichengreen Fallacy.” This refers to the demonstrably incorrect proposition that the […]
