Will Gold or Silver Pay the Higher Interest Rate?
This question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return…
Bring Back the Gold Gilt
This essay was submitted to the Richard Koch Breakthrough Prize for 2017. Executive Summary Our monetary system imposes a form of central planning, based…
About that Economic Inequality
I address this essay to two groups. One group is those among the liberty movement, who believe that there’s nothing wrong with inequality. These…
Introducing Yield Purchasing Power
The monetary debate seems artificially limited. On one side is Federal Reserve policy based on discretion. On the other is policy based on rules….
Arizona Considers Issuing a Gold Bond
The Arizona House of Representatives has convened an Ad Hoc Committee on Gold Bonds. The purpose is to explore if and how the state…
Real vs. Nominal Interest Rates
What is the real interest rate? It is the nominal rate minus the inflation rate. This is a problematic idea. Let’s drill deeper into…
Money Supply Arguments Are Flawed
It goes without question, among economists of the central planning mindset, that if a central bank can just set the right quantity of dollars[1],…
Arizona Governor Ducey Vetoes Gold
In my testimony in support of the gold legal tender bill this year, I discussed failing pension funds. Retirees who count on their pension…
Should the Gold Price Keep Up with Inflation?
The popular belief is that gold is a good hedge against inflation. Owning gold will protect you from rising prices. Is that true? Most…
I Testified Before the AZ Senate
Please bear with a brief quote from a favorite author of mine. I promise it relates to gold. Having fought in World War I,…