What gives money value, and is fractional-reserve banking fraud?
byI thought I should address a couple of points that I consider to be misconceptions and that frequently come up in discussions with the…
Economics
Consider a crash course in money, Mr. Buffett
byDear Mr. Buffett, Now that my hair is grey and since I’ve learned so much from you over the years, I feel compelled to…
Paper Money Collapse – GoldMoney interview
byLast week I had an interesting discussion with Detlev Schlichter, who has recently published his book, Paper Money Collapse. For a comprehensive introduction to…
Eurozone banks and contagion risk
byGreece has now defaulted, and other eurozone governments as well as agencies such as the International Monetary Fund, European Central Bank and European Investment…
Banking: from Goldman Sachs to David Fishwick?
byTwo days ago, Greg Smith, a Goldman Sachs executive director, resigned in sensational fashion, writing a column in the New York Times. In the…
Henry Hazlitt: Economics in One Lesson
byIn the classic novel King Solomon’s Mines, the witch Gagool leads a group of Englishmen, including the legendary Allan Quatermain, into an ancient treasure…
Book Review: James Rickards’ “Currency Wars”
byIn virtually every airport bookstore in America right now you will find a little sleeper of a book in the business section which is…
A three-way split
byWhatever residual worries there were going into the deadline for the Greek deal, they did not seem to have impacted sentiment elsewhere, as it…
Fixed
by“Don’t fight the Fed – bet on it.” – Lee Quaintance and Paul Brodsky of QB Asset Management. In December last year, the poet…
The Fed gets creative
byAccording to a story in Wednesday’s Wall Street Journal, the US Federal Reserve is considering buying long-term Treasury and mortgage bonds in return for…