Think Different About Purchasing Power
The dollar is always losing value. To measure the decline, people turn to the Consumer Price Index (CPI), or various alternative measures such as…
Ben Bernanke Now Blogs
Ben Bernanke presided over the Federal Reserve for two terms, from 2006 through 2014. A year and half into his first term, he began…
Falling Interest Causes Falling Wages
Interest rates have been falling for over three decades. Conventional economics has two things to say about this. One, inflation expectations are falling. Monetarists…
A Salvo in the Battle for the Gold Standard
I wrote what I thought was a fairly simple article for Forbes on Tuesday. I noticed that some people really got it, and they…
The Swiss Franc Will Collapse
I have worked to keep this piece readable, and as brief as possible. My grave diagnosis demands the evidence and reasoning to support it….
Swiss National Bank Throws Banks, Self Under Bus
In 1985, Arnold Schwarzenegger played John Matrix in the action movie, Commando. One line stands out. While dangling a bad guy over the edge…
Falling Interest Causes Falling Profits
Most people assume that prices move as a result of changes in the money supply. Instead, let’s look at the effect of changes in…
The Biggest Monetary Change in 80 Years
The Swiss people put an initiative on their ballot to reverse decades of regression. They’re trying to get gold back into the monetary system,…
A Gold Man in Monetarist Territory
On November 3, the Manhattan Institute hosted the fall meeting of the Shadow Open Market Committee (SOMC). This is a 40-year old group, with…
Swiss Gold Initiative: Good Idea with Unintended Consequences
[Editor’s Note: The Swiss voted no to the “semi-gold standard” that was proposed. However, important issues were raised that are relevant to all nations…