Money and Banks

"There is no aspect of the free-market economy that has suffered more scorn and contempt from 'modern' economists, whether frankly statist Keynesians or allegedly 'free market' Chicagoites, than has gold."

Two weeks ago marked the 60th anniversary of a prescient essay (pdf) promoting gold as redeemable

Chris Anderson, a well-known business guru in the world of online commerce, imagines a world in which all internet services are free.

...in Massachusetts during 1630-50.

Instead of decrying the penny, economists should recognize its potential to combat government inflation and advocate a return to an even harder currency. Coins may be expensive for the government to make, but this ensures that our money retains some value, regardless of what the government does. Do we really want free money?

No subject is so much discussed today — or so little understood — as inflation.

Larry Elliott in the Guardian writes th

We define a bubble as the outcome of activities that have emerged on the back of loose monetary policy of the central bank.

Taking into account not just rapid domestic expansion, but also the sharp fall in the greenback, broad, dollar-denominated money supply went up on