There is too little gold in the West
Western central banks have tried to shake off the constraints of gold for a long time, which has created enormous difficulties for them. They…
Read MoreThere is too little gold in the West
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….
Read More
Western socialism and Eastern capitalism
There has been a significant shift in geopolitics in recent months, with the US consciously deciding to withdraw from Asian conflicts, notably in Afghanistan….
Read More
Too much liquidity
Yesterday, the FOMC released its June statement which only served to remind us that its members are powerless in the face of inflationary conditions….
Read More
Gold and Free Banking versus Central Banking
In spite of the officially declared “independence” of the Federal Reserve from the immediate political control of either Congress or the White House, America’s…
Read More
There Will Be No Recovery Without Production
Through most of the coronavirus crisis, those who have made the case for stay-at-home, reduce or stop work, and narrow the range of retail…
Read More
Will there Be Tyranny in the Post-Coronavirus World?
The coronavirus crisis will be considered one of the most important global events of the early decades of the 21st century. Like a pebble that…
Read MoreLaissez-Faire and Little Englanderism: The Rise, Fall, Rise, and Fall of the Manchester School
By Gregory Bresiger from THE JOURNAL OF LIBERTARIAN STUDIES Volume 13, Number 1 (1997) War Follows Protection. Peace Follows Free Trade. As David Ricardo said, “If…
Read MoreDonald Trump, The Gold Standard, Maynard Keynes, And Our Madmen In Authority
June 5th was is the anniversary of the birth of John Maynard Keynes, once upon a time the great foe of the gold standard….
Read More
Interest rates and gold
It is commonly assumed that the gold price and interest rates move in opposite directions. In other words, a tendency towards higher interest rates…
Read More