James Madison’s Essay on Money
The following is by James Madison, the primary author of the US Constitution and fourth president. For those who wish to get a…
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The Case for A Gold Currency Part 2: Wages and Growth: Higher Under Classical Gold Standard
By Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
Read MoreThe Case for A Gold Currency: Part 1
By Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
Read MoreMoney out of “thin air” and economic cycles
According to the Nobel Laureate in Economics, Milton Friedman, the root of the business cycle is the fluctuations in the growth rate of money…
Read MoreDoes the existence of unemployed resources justify easy money?
Once an economy falls into recession many commentators tend to express concern that as a result of the economic slump there are now…
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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 MoreRapid money growth and inflation – is there a connection?
In the article “Rapid money supply growth does not cause inflation” written by Richard Vague at the Institute for New Economic Thinking, December 2,2016…
Read MoreThe War on Cash: Haldane Edition
The Adam Smith Institute have recently published my report “Killing the Cash Cow: Why Andy Haldane is Wrong on Demonetisation” on Andy Haldane’s proposal…
Read MoreAmbivalence toward Monetary Freedom is ubiquitous – Why?
The vast majority of people would either be up in arms or completely confused if the government suddenly said that all private bread producers…
Read MoreWhat should be the correct money supply growth rate?
Most economists believe that a growing economy requires a growing money stock, on grounds that growth gives rise to a greater demand for money,…
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