Professor Yeager and 100 Percent Gold
An opponent of gold describes the 100 percent standard better than its friends do.
An opponent of gold describes the 100 percent standard better than its friends do.
The first intervention was not inflation. It was the seizure of the mint.
If dollars are things in themselves, why may not everyone manufacture them?
To argue for a full gold standard is to risk being classed with the dodo bird.
Bretton Woods was a dollar standard wearing the prestige of gold.
Bob reviews Murray Rothbard's 1988 essay "The Myth of Free Banking in Scotland," his sharp response to Larry White's influential account of Scottish free banking.
How do you turn a sound money bill into a big-government bill?
The US fiat monetary regime not only has given us inflation and boom-and-bust cycles, but it also is the main contributor to the out-of-control government spending and debt accumulation.
The US fiat monetary regime not only has given us inflation and boom-and-bust cycles, but it also is the main contributor to the out-of-control government spending and debt accumulation.
Governments take valuable things like paper and minerals, stamp something on them, and call them money, in the process rendering these things almost worthless. Something is wrong with this picture.