Moving from Gold-Redeemable to Irredeemable Currency
byWhen we saw the following comment from a prominent otherwise-free-marketer, we knew it was time to write this article. “…the value of the Fed’s…
August, 2021
Macro-economic data: tool for government intervention
byBy Dr Frank Shostak It is common for commentators and economists to refer to something called the “economy” – which sometimes performs well and…
What is wrong with the world?
byThree things bedevil the modern world so completely that we must urgently sort them or continue down our road of self-destruction. First, what we…
The good news is your wages are up. The bad news is they’ll buy less
byLast month, CNBC sent out this tweet: Inflation’s silver lining: higher salaries https://t.co/DmXuzKlX8z — CNBC (@CNBC) July 8, 2021 It isn’t often that I’m…
Jim Rickards: Is A Global Liquidity Crisis Underway?
byI’ve been analyzing currency wars for years. In fact, I’ve written a book called Currency Wars, so I have some expertise in the subject. A…
The Crime of ’71: When Nixon Ended the Dollar’s Last Connection to Gold
byAlmost fifty years ago, on August 15, 1971, the US administration under President Richard Nixon (1913–94) abolished the gold redeemability of the US dollar….
Concepts in economics and the facts of reality
byBy Dr Frank Shostak In his Philosophical Origins of Austrian Economics (Mises Institute Daily Articles June 17 2006), David Gordon writes that Bohm Bawerk…
Carl Menger Explains Value
byBy Antony P. Mueller The General Concept of Value The value of a good results from the knowledge that each partial attainment of that…
Scenarios for China’s dual circulation strategy
byby Dr. Junhua Zhang In May 2020, President Xi Jinping unveiled the dual circulation strategy (DCS). The plan aims to create a new development…
Are savings harmful to economic growth?
byBy Dr Frank Shostak Most commentators’ regard savings as harmful to economic growth on the ground that savings are associated with fewer outlays. These…