โข
“This book is much more than a chronicle of gold wars. It is also an account of the historical failure of ‘Esperanto money.’ Over a hundred years ago, a Polish physician by the name of Ludovik Lazarus Zamenhof (1859-1917) created a synthetic language in the hope of removing the curse of Babel from mankind. According…
โข
“Throughout history, financial crises have always been caused by excessesโfrequently monetary excessesโwhich lead to a boom and an inevitable bust. In our current crisis it was a housing boom and bust that in turn led to financial turmoil in the United States and other countries. How did everything deteriorate so suddenly and dramatically? In Getting…
โข
“When a little over two years ago, at the second Lausanne Conference of this group, I threw out, almost as a sort of bitter joke, that there was no hope of ever again having decent money, unless we took from government the monopoly of issuing money and handed it over to private industry, I took…
โข
“The pound rose against the dollar, snapping a three-day drop, as reports showed inflation above economistsโ forecasts and higher retail sales, stoking speculation that the Bank of England may raise interest rates. โAlthough inflation is supposed to be coming down, itโs not falling as expected,โ said George Tchetvertakov, head of market research at Alpari Ltd.,…
โข
“According to New York Times columnist Thomas L. Friedman in his mega-best-selling book Hot, Flat, and Crowded, China banned plastic bags a few years ago. “Bam! Just like that–1.3 billion people, theoretically, will stop using thin plastic bags,” he gushed. “Millions of barrels of petroleum will be saved, and mountains of garbage avoided.” China’s got…
โข
“Is Ron Paulโs suggestion that the Federal Reserve be eliminated a โfringe position,โ as Josh Barro suggested in the June 21 issue of National Review (โMend the Fedโ)? It depends on what โfringeโ means. If it means simply that a large majority disagrees, then Representative Paulโs position deserves that characterization. But if โfringeโ is meant…
โข
Recently the Chinese authorities announced an end to the dollar peg and a move towards a more flexible exchange rate, as commented upon in a previous post. However, there are fears among Chinese officials that this could lead to a wide range of problems, including speculation and hot money inflows, as well as undermining the…
โข
“Nobody understands money, least of all economists. Too sweeping a statement? Perhaps. But every analysis of the workings of monetary systems that I have ever read has been seriously in error at one or more crucial points. This is true not only of the supposedly impartial opuses of academic economics, but also of the writings…
โข
“In 1998, four renegade German professors tried to stop the introduction of the euro with a legal challenge in Germany’s highest court. Now, 12 years later, they are fighting against a German bailout for Greece — and this time around, people are listening to them. Wilhelm Hankel is sitting on the stage at a meeting…
โข
Re-reading the text book that we used at Grove City College to learn about the principles of sound money, I see that another project at Atlas, our Secure Free Society Project, complements with our Sound Money Project. In Theory of Money and Credit, which Lionel Robbins regarded as the best book ever written on money,…
โข
“This book is much more than a chronicle of gold wars. It is also an account of the historical failure of ‘Esperanto money.’ Over a hundred years ago, a Polish physician by the name of Ludovik Lazarus Zamenhof (1859-1917) created a synthetic language in the hope of removing the curse of Babel from mankind. According…
โข
“Throughout history, financial crises have always been caused by excessesโfrequently monetary excessesโwhich lead to a boom and an inevitable bust. In our current crisis it was a housing boom and bust that in turn led to financial turmoil in the United States and other countries. How did everything deteriorate so suddenly and dramatically? In Getting…
โข
“When a little over two years ago, at the second Lausanne Conference of this group, I threw out, almost as a sort of bitter joke, that there was no hope of ever again having decent money, unless we took from government the monopoly of issuing money and handed it over to private industry, I took…
โข
“The pound rose against the dollar, snapping a three-day drop, as reports showed inflation above economistsโ forecasts and higher retail sales, stoking speculation that the Bank of England may raise interest rates. โAlthough inflation is supposed to be coming down, itโs not falling as expected,โ said George Tchetvertakov, head of market research at Alpari Ltd.,…
โข
“According to New York Times columnist Thomas L. Friedman in his mega-best-selling book Hot, Flat, and Crowded, China banned plastic bags a few years ago. “Bam! Just like that–1.3 billion people, theoretically, will stop using thin plastic bags,” he gushed. “Millions of barrels of petroleum will be saved, and mountains of garbage avoided.” China’s got…
โข
“Is Ron Paulโs suggestion that the Federal Reserve be eliminated a โfringe position,โ as Josh Barro suggested in the June 21 issue of National Review (โMend the Fedโ)? It depends on what โfringeโ means. If it means simply that a large majority disagrees, then Representative Paulโs position deserves that characterization. But if โfringeโ is meant…
โข
Recently the Chinese authorities announced an end to the dollar peg and a move towards a more flexible exchange rate, as commented upon in a previous post. However, there are fears among Chinese officials that this could lead to a wide range of problems, including speculation and hot money inflows, as well as undermining the…
โข
“Nobody understands money, least of all economists. Too sweeping a statement? Perhaps. But every analysis of the workings of monetary systems that I have ever read has been seriously in error at one or more crucial points. This is true not only of the supposedly impartial opuses of academic economics, but also of the writings…
โข
“In 1998, four renegade German professors tried to stop the introduction of the euro with a legal challenge in Germany’s highest court. Now, 12 years later, they are fighting against a German bailout for Greece — and this time around, people are listening to them. Wilhelm Hankel is sitting on the stage at a meeting…
โข
Re-reading the text book that we used at Grove City College to learn about the principles of sound money, I see that another project at Atlas, our Secure Free Society Project, complements with our Sound Money Project. In Theory of Money and Credit, which Lionel Robbins regarded as the best book ever written on money,…
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