What Can Kill a Useless Currency
There is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and…
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Why the Fed Denied the Narrow Bank
It’s not every day that a clear example showing the horrors of central planning comes along—the doublethink, the distortions, and the perverse incentives. It’s…
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Monetary Consequence of Tariffs
Last week in Monetary Paradigm Reset, we talked about the challenge of explaining a new paradigm. We said: “The hard part of accepting this paradigm…
Read MoreWho Would Invest in a Gold Bond?
Berkshire Hathaway CEO Warren Buffet famously dismissed gold. “Gold has two significant shortcomings, being neither of much use nor procreative.” I have recently written…
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The Benefits of Issuing Gold Bonds
A gold bond is debt obligation that is denominated in gold, with interest and principal paid in gold. As I will explain below, it’s…
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The Heat Death of the Economic Universe
Physicists say that the universe is expanding. However, they hotly debate (pun intended) if the rate of expansion is sufficient to overcome gravity—called escape…
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Wealth-Destroying Zombies
The hot topic in monetary economics today (hah, if it’s not an oxymoron to say these terms together!) is whither interest rates. The Fed…
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The Fed Rate Hike and Gold
The Fed Rate Hike and Gold, Report 18 June, 2017 The big news this week comes from the Fed, which announced two things….
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Will Gold or Silver Pay the Higher Interest Rate?
This question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return…
Read MoreBring Back the Gold Gilt
This essay was submitted to the Richard Koch Breakthrough Prize for 2017. Executive Summary Our monetary system imposes a form of central planning, based…
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