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A World that Operates by Financial Cheating and Unsound Money Is Doomed
A World that Operates by Financial Cheating and Unsound Money Is Doomed It’s all phony money but there’s no revolt yet. Value for ValueMy friend Hugo Salinas Price wrote a short post that I agree with. Please consider A World that Operates by Cheating Is Doomed In ages past, gold and silver provided humanity with a […]
Central Planners At Work
Central Planners At Work Consumption without Production “Every man is a consumer, and ought to be a producer”, observed 19th century philosopher Ralph Waldo Emerson. “He is by constitution expensive, and needs to be rich.” Ralph Waldo Emerson (May 25, 1803 – April 27, 1882), who inter alia opined on consumers and the need to not only consume, but also […]
What Will It Take to Get the Public to Embrace Sound Money?
What Will It Take to Get the Public to Embrace Sound Money? In the last decade, the combination of virulent asset price inflation and low reported consumer price inflation crippled sound money as a political force in the US and globally. In the new decade, a different balance between monetary inflation’s “terrible twins” — asset […]
The Gold Standard: Protector of Individual Liberty and Economic Prosperity
The Gold Standard: Protector of Individual Liberty and Economic Prosperity A Piece of Paper Alone Cannot Secure Liberty The idea of a constitution and/or written legislation to secure individual rights so beloved by conservatives and among many libertarians has proven to be a myth. The US Constitution and all those that have been written and […]
The Fed’s In A Box And People Are Starting To Notice
The Fed’s In A Box And People Are Starting To Notice It’s long been an article of faith in the sound money community that the Fed, by bailing out every dysfunctional financial entity in sight, would eventually be forced to choose between the deflationary collapse of a mountain of bad debt and the inflationary chaos […]
Apocalypse, Or Not?
Apocalypse, Or Not? Members of the American libertarian movement, particularly extremist preppers, are often associated with a belief that a complete breakdown in society is the only outcome from government economic policies and will lead to complete social disintegration. At the centre of their concerns is monetary destruction, with other issues, such as the erosion […]
Patrick Barron–My letter to the NY Times re: Typical Keynesian Whitewash
Patrick Barron–My letter to the NY Times re: Typical Keynesian Whitewash Dear Sirs: Fareed Zakaria’s review of the Adam Tooze book Crashed: How a Decade of Financial Crises Changed the World is a typical Keynesian whitewash of a deeply flawed monetary and regulatory system. Like Tooze, Zakaria sees the Federal Reserve Bank as the hero in “saving […]
A Roman Lesson on Inflation
A ROMAN LESSON ON INFLATION “While it is the duty of the citizen to support the state, it is not the duty of the state to support the citizen” – President Grover Cleveland The point President Cleveland made back in the 1880s was that individuals and vested interests had no rights to preferential treatment by a […]
Finally, An Honest Inflation Index – Guess What It Shows
Finally, An Honest Inflation Index – Guess What It Shows Central bankers keep lamenting the fact that record low interest rates and record high currency creation haven’t generated enough inflation (because remember, for these guys inflation is a good thing rather than a dangerous disease). To which the sound money community keeps responding, “You’re looking […]
Can Switzerland Survive Today’s Assault on Cash and Sound Money?
CAN SWITZERLAND SURVIVE TODAY’S ASSAULT ON CASH AND SOUND MONEY? “Switzerland will have the last word,” wrote Victor Hugo in the late 19th century. “It possesses one of the most perfect forms of government in the world.” A contemporary of his, Frederick Kuenzli, a scholar of the Swiss Army, boasted: “No purer type of Republican […]
