Economic Ideas: David Ricardo on Wealth, Inflation, and Freedom
byDavid Ricardo (1772-1823) was one of the most influential economic theorists of the first half of the nineteenth century. Born in London, England, his…
Honest Money
Why inflation is not about general increases in prices
byThere is almost complete unanimity among economists and various commentators that inflation is about general increases in the prices of goods and services….
Memo to President Trump or President Clinton: The Gold Standard Made America Both Good and Great
byMarc Levinson writing recently in The Wall Street Journal provides a very pessimistic view for the American Dream, “Why the Economy Doesn’t Roar Anymore:…
Economic Ideas: The Ancient Romans, Who Went from Rule of Law to Corrupting Inflation and Price Controls
byThe ancient Romans failed to leave any systematic body of thoughts on economics, just like the ancient Greeks had failed to. Indeed, many of…
Could the elimination of cash prevent an economic crisis?
byGiven the still subdued economic growth many experts are of the view that the presence of cash has constrained central banks from setting negative…
The Wall Street Journal Takes Notice of the 2016 GOP Platform and the Gold Standard
byKate Davidson in The Wall Street Journal recently took note of a GOP 2016 plank that had been largely overlooked in all the focus…
Donald Trump, The Gold Standard, Maynard Keynes, And Our Madmen In Authority
byJune 5th was is the anniversary of the birth of John Maynard Keynes, once upon a time the great foe of the gold standard….
The Endgame
byThere is a growing fear in financial and monetary circles that there is something deeply wrong with the global economy. Publicly, officials and practitioners…
Interest rates and gold
byIt is commonly assumed that the gold price and interest rates move in opposite directions. In other words, a tendency towards higher interest rates…
Guessing the future without Say’s law
byWith Japanese and Eurozone interest rates becoming increasingly negative, and the Fed backing off from at least some of the planned increases in the…