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Olduvai III: Catacylsm
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Venezuelans Turn to Gold Nuggets as the Local Currency Implodes

October 31, 2021

Venezuelans Turn to Gold Nuggets as the Local Currency Implodes The Venezuelan government recently lopped off six zeros from its hyperinflating currency, the bolivar. The highest denomination currency note of 1 million bolivars, worth less than $0.25, was replaced by a one-bolivar note. At the same time, a 100-bolivar note, worth about $25.00, was introduced as the new […]

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Paul Volcker: The Man Who Vanquished Gold

December 21, 2019

Paul Volcker: The Man Who Vanquished Gold The flood of obituaries that noted the passing of Paul Volcker (1927–2019) last week have almost all lauded his achievement as Fed chair (1979–1987) in reining in the double-digit inflation that ravaged the US economy during the 1970s.  Volcker was referred to as the “former Fed chairman who […]

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Spain Is without a National Government — And Spaniards Are Digging It

October 4, 2016

Spain Is without a National Government — And Spaniards Are Digging It With neither major party able to secure a majority of seats in the national legislature and the two parties unable to agree on a coalition government, for the last 10 months Spain has had a do-nothing caretaker government for the first time in its history. While basic government services continue, […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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