Contra Ben Bernanke, the Gold Standard Promotes Economic Stability
In the past, the alleged instability of economies on the gold standard took place because the authorities were…
Continue readingIn the past, the alleged instability of economies on the gold standard took place because the authorities were…
Continue readingContrary to popular thinking, inflation is not about general increases in the prices of goods and services but about…
Continue readingThings are different once money is generated out of “thin air” due to central bank policies and…
Continue readingThe more government spends, the less savings will be available for the wealth-generating private sector…
Continue readingThe ever-growing interference with the workings of markets drives the US economy toward persistent economic impoverishment and…
Continue readingThe emergence of deflation is always good news, since it is in response to…
Continue readingWithout a theory that “stands on its own feet,” various mathematical and statistical methods cannot assist an analyst in…
Continue readingA visible downtrend in the spread does not bode well for economic activity in…
Continue readingNo central bank interest rate manipulation will change this. Any attempt by central bank policy makers to…
Continue readingWhenever the signs of an economic weakness emerge, most economic and political commentators declare that the government should…
Continue readingSavings are about consumer goods production in excess of the consumption of these goods. Saving is not about…
Continue readingA reduction in unemployment is not the key factor for economic growth. The heart of economic growth is…
Continue readingWhy do individuals assign a greater value to gold than to bread, when bread seems to be more “useful” than gold?
Continue readingBubble activities cannot sustain themselves without support from central bank monetary pumping…
Continue readingContrary to the popular thinking, economic depressions are not caused by a strong decline in…
Continue readingThe central bank can manipulate the interest rate to whatever level it desires. However, it cannot…
Continue readingThe massive monetary pumping by the Fed has likely undermined the pool of savings already. Consequently, the economic growth rate will…
Continue readingOnce banks start to lend money not backed by savings, this sets in motion the…
Continue readingIn the real world, one has to become a producer before one can demand goods and services…
Continue readingThe key to the emergence of the boom-bust cycle is the expansion in money supply out of “thin air.” The increase in the supply of gold has…
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