โข
By Reuven Brenner* Seemingly out of the blue, the U.S. Federal Reserve chairman is hinting at a return to the gold standard. If so, currency markets are in for a shock.ย Last month in a speech before the Economic Club of New York, Alan Greenspan praised the gold standard, the first time he has unambiguously…
โข
“What matters is to have an agreed-upon unit of account in terms of which trading partners could price every contractual agreement, preferably having the medium of exchange serve as the unit of account, too. This anchor is missing in the international monetary system today, and is one reason for the financial havoc surrounding us. The…
โข
“At the moment, Republican leaders and policy elites are advancing exclusively fiscal solutions that address only the government response to the economic crisis and not the crisis itself. Fiscal deficits did not create the crisis, and reducing deficits wonโt put our economy on a stable footing. From its inception in 2007 right up to the…
โข
With the expansion of the governmentโs economic responsibilities over the past three years, there has been growing public concern about the economic role of the state and the level of sovereign and private debt. With this in mind, the Witherspoon Institute of Princeton, New Jersey is assembling a group of distinguished scholars โ economists, philosophers,…
โข
“But if the problem isn’t in the application of the system, but it is the system, then all efforts to reform practice will fail, and fail miserably. This is what we believe the logic of economic argument leads one to conclude about central banking and government monopoly over the currency. We also believe that the…
โข
Sound Money at Atlas is happy to announce that Peter Lewin*, will be giving three lectures on “The Austrian Capital Theory and the Business Cycle” at the University of Texas at Dallas.ย ย The dates of the lectures are as follows: ย October 12th, 2:30 p.m. UTD School of Management SOM 2.112 October 14th, 11:30…
โข
“Too much money leads first to a boom and then a terrible bust. Re-stimulation continues the process and makes economic imbalances worse over time until finally the whole system begins to collapse and something else emerges. We are in a collapse phase currently. The problems begin and end with mercantilist central banks. Absent central banks…
โข
Walter Williams, a professor of economics for George Mason University, speaks on the deregulation (or lack-thereof) that led to the financial crisis. The original video can be fond on LibertyPen.com.
โข
“No monetary system, including gold, is perfect. But the evidence is that the gold standard is a recipe for lower-than-predicted federal interest rates (quelling the coming fiscal crisis); lower corporate bond rates (jobs); and lower mortgage rates (relief to millions of upside down homeowners). The gold standard sounds picturesque. In reality it is a technical,…
โข
“But back to the question of the cause of inflation. Basically when the government increases the money supply faster than the quantity of goods increases we have inflation. Interestingly as the supply of goods increase the money supply has to increase or else prices actually go down. Many people mistakenly believe that prices rise because…
โข
By Reuven Brenner* Seemingly out of the blue, the U.S. Federal Reserve chairman is hinting at a return to the gold standard. If so, currency markets are in for a shock.ย Last month in a speech before the Economic Club of New York, Alan Greenspan praised the gold standard, the first time he has unambiguously…
โข
“What matters is to have an agreed-upon unit of account in terms of which trading partners could price every contractual agreement, preferably having the medium of exchange serve as the unit of account, too. This anchor is missing in the international monetary system today, and is one reason for the financial havoc surrounding us. The…
โข
“At the moment, Republican leaders and policy elites are advancing exclusively fiscal solutions that address only the government response to the economic crisis and not the crisis itself. Fiscal deficits did not create the crisis, and reducing deficits wonโt put our economy on a stable footing. From its inception in 2007 right up to the…
โข
With the expansion of the governmentโs economic responsibilities over the past three years, there has been growing public concern about the economic role of the state and the level of sovereign and private debt. With this in mind, the Witherspoon Institute of Princeton, New Jersey is assembling a group of distinguished scholars โ economists, philosophers,…
โข
“But if the problem isn’t in the application of the system, but it is the system, then all efforts to reform practice will fail, and fail miserably. This is what we believe the logic of economic argument leads one to conclude about central banking and government monopoly over the currency. We also believe that the…
โข
Sound Money at Atlas is happy to announce that Peter Lewin*, will be giving three lectures on “The Austrian Capital Theory and the Business Cycle” at the University of Texas at Dallas.ย ย The dates of the lectures are as follows: ย October 12th, 2:30 p.m. UTD School of Management SOM 2.112 October 14th, 11:30…
โข
“Too much money leads first to a boom and then a terrible bust. Re-stimulation continues the process and makes economic imbalances worse over time until finally the whole system begins to collapse and something else emerges. We are in a collapse phase currently. The problems begin and end with mercantilist central banks. Absent central banks…
โข
Walter Williams, a professor of economics for George Mason University, speaks on the deregulation (or lack-thereof) that led to the financial crisis. The original video can be fond on LibertyPen.com.
โข
“No monetary system, including gold, is perfect. But the evidence is that the gold standard is a recipe for lower-than-predicted federal interest rates (quelling the coming fiscal crisis); lower corporate bond rates (jobs); and lower mortgage rates (relief to millions of upside down homeowners). The gold standard sounds picturesque. In reality it is a technical,…
โข
“But back to the question of the cause of inflation. Basically when the government increases the money supply faster than the quantity of goods increases we have inflation. Interestingly as the supply of goods increase the money supply has to increase or else prices actually go down. Many people mistakenly believe that prices rise because…
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