Inflation, High Inflation, Hyperinflation
The word “inflation” is heard and read everywhere these days. However, since different people sometimes have very different understandings of inflation, here is a…
Socialism vs Free Enterprise
I. THE STARTING CONDITIONS In this article I want to explain that a rapid departure from the free market system (or what is left…
The Crime of ’71: When Nixon Ended the Dollar’s Last Connection to Gold
Almost fifty years ago, on August 15, 1971, the US administration under President Richard Nixon (1913–94) abolished the gold redeemability of the US dollar….
The Digital Euro and Central Planning
Neosocialist China does it, Sweden does it, and many other states want to do it, too: to issue digitized central bank money for everyone….
Why We Need a Free Market in Money
What is fiat money and what does it do? This is essential to understand since today’s worldwide unbacked paper, or “fiat,” money regime is an…
Inflation and Marxism
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch its currency….Lenin was certainly right. There…
Governments Have Crippled the World’s Economies. Revolution May Soon Follow.
The world seems to be on fire. A couple of months ago, the economic upswing was still firmly established, production expanded, and unemployment was…
Central banks have done nothing to put an end to the boom-and-bust cycle
At the 2020 World Economic Forum in Davos, Bob Prince, co-chief investment officer at Bridgewater Associates, attracted attention when he suggested in a news…
The Disaster of Negative Interest Policy
Those who had hoped that things could not get worse with the monetary policy of the European Central Bank (ECB) have been proven wrong….
Being and Time (and central banks)
People value present goods more highly than future goods. For instance, an apple available today is considered more valuable than the same apple available…