What The “Bourbon Shortage” And The Kentucky Derby Can Teach Us About The Fed
byThere is an urban legend that there is a looming Bourbon Supply Crisis. (Heaven Forfend!) Meanwhile, American Pharoah, as expected, won the Kentucky Derby….
Gold
The trouble with cash
byWhen interest rates are zero and it costs a bank to look after your money it becomes an unattractive asset. Banks in some jurisdictions…
Controlling copper and silver prices
byThere is an unwarranted assumption that market prices are always right, and represent “fair value”. In the case of commodities, particularly metals, this is…
The new London gold fix and China
byThis month the physical gold market will undergo radical change when the four London fixing banks hand over the twice-daily fix to the International…
A Salvo in the Battle for the Gold Standard
byI wrote what I thought was a fairly simple article for Forbes on Tuesday. I noticed that some people really got it, and they…
2015: the year of the slump?
by2014 ended with two ominous developments: the strength of the US dollar and a collapse in key commodity prices. It is tempting to view…
The Biggest Monetary Change in 80 Years
byThe Swiss people put an initiative on their ballot to reverse decades of regression. They’re trying to get gold back into the monetary system,…
The Case For Monetary Freedom And Free Banking
byThere has been no greater threat to life, liberty, and property throughout the ages than government. Even the most violent and brutal private individuals…
The Truth Behind The Swiss Gold Referendum
byA recent column in US News & World Report, The Swiss Gold Rush by Pat Garofalo, its assistant managing editor for opinion, is subtitled…
We seem to have miscalculated
by“What will futurity make of the Ph.D. standard ? Likely, it will be even more baffled than we are. Imagine trying to explain the…