A late one for the weekend: Money From Nothing
byThe Internet is becoming a real problem for the world’s propagators of printed paper money, because from its modern western invention in Massachusetts, in…
Economics
Audio: Eliminating Monetary Externalities
byThe Mises Institute has released a recording of the Murray N. Rothbard Memorial Lecture, recorded on Thursday in Auburn, Alabama, at their Austrian Scholars…
Federal Reserve Accounting and Its Solvency
byA good article from Jeffrey Rogers Hummel at George Mason’s History News Network: The Federal Reserve’s H.4.1 Release for January 6, 2011, announced an…
Adam Smith Reveals His (Invisible) Hand!
byToday is the anniversary of the publication of Adam Smith’s most famous work, ”The Wealth of Nations” (March 9, 1776). To celebrate this important day,…
At the ASI: Mervyn King and narrow banking
byVia Tom Clougherty at the Adam Smith Institute, Mervyn King and narrow banking: Ultimately, the problem with modern banks is that they do not operate…
Money supply versus money demand
byAccording to popular thinking, not every increase in the supply of money will have an effect on the production of goods. For instance, if…
Gold bug heaven on King World News
byWith the price of gold crashing through record highs most days of the week at the moment, I should imagine most gold bugs are…
The “Barbarous Relic” – It Is Not What You Think
byI am pleased to promote this monograph by James Turk, founder of GoldMoney: I am no fan of Keynesian economics. I find most Keynesian…
Jeff Tucker: Collection of Mises original papers discovered in London
byJeff Tucker talks about much that is interesting in the following video, but the best part (at 10 minutes) is when he tells the…
My Journey to Austrianism via the City
byI have spent the best part of the last two decades pitting my wits against the market. It’s an unforgiving game: I’ve seen ups and downs, and many of my rivals buried under an avalanche of hubris, passion, illogical thought and unchecked emotion.
I have witnessed the sheer folly of the ERM crisis, the Asian crisis, the failure of the Gods at Long Term Capital Management and the insanity of the tech boom.
I have enjoyed the ‘NICE’ decade (Non-Inflationary Constant Expansion), and scared myself silly during the credit crisis.
I am a trader. […]