Thursday, 19 October 2017

Monthly Archives August 2011

Is Gold Money in the U.S.? What is a Dollar?

Posted by Gonzalo Schwarz
August 30, 2011
in Blog

From the Federal Reserve: “’Is gold money?’ [Texas Congressman Ron Paul] asked.  Clearly bothered, [Federal Reserve Chairman] Bernanke told the representative, ‘No. It’s a precious metal.’” From the U.S. Mint: “Immediately afterward, Mint Director Fore held a ceremony on the auction floor to make the Double Eagle [gold coin] legal tender. ‘In order to monetize […]

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Monetary Summit Today in Utah

Posted by Alex Chafuen
August 30, 2011
in Blog

I am planning to join some of the sharpest minds in business, finance, politics, law and economics, who are working to promote a framework for the future of monetary policy.  With the dollar’s slide accelerating and the economy trapped by slow growth and rising inflation, the world is calling out for sound money.  What will […]

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China: America’s Financial Colony or Mercantilist Predator?

Posted by Alex Chafuen
August 29, 2011
in Blog

China: America’s Financial Colony or Mercantilist Predator?, by Lewis E. Lehrman The article was originally posted here. The author argues the U.S. has a colonial-like power over China because of the latter’s dependence on dollar-denominated financial assets.

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Congressman Mike Pence and Judy Shelton on the destructive moral and economic effects of monetary manipulation

Posted by Alex Chafuen
August 25, 2011
in Blog

Atlas and FreedomWorks, each with its own mission, work to promote educational programs in favor of sound money, this 5 min video Congressman Mike Pence and Judy Shelton on Sound Money has Congressman Mike Pence and Judy Shelton, co-director and great star of our sound money project, making outstanding points.  Contact C-Span to purchase the […]

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That “Giant Sucking Sound”? It’s the Fed

Posted by Gonzalo Schwarz
August 23, 2011
in Blog

From the Washington Post: “Citigroup Inc. and Bank of America Corp. were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits. By 2008, the housing market’s collapse forced those companies to take more than […]

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The shrinking dollar: who should go to the shrink?

Posted by Alex Chafuen
August 22, 2011
in Blog

Until recently, paper money advocates regarded those who pushed for letting the market choose gold or defining the monetary yardstick as a certain amount of gold as lunatics.  Look at this video and see who should be sent to the psychiatrist http://www.youtube.com/watch?v=jDXjWH836-4&feature=player_embedded The shrinking dollar

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Sound Money and World Peace vs Inflation and Alien Invasion

Posted by Gonzalo Schwarz
August 16, 2011
in Blog

Paul Krugman chooses the latter. “We could use some inflation… [but] it’s very hard to get inflation in a depressed economy, but if you had a program of government spending plus an expansionary policy by the Fed you could get that… If we discovered that space aliens were planning to attack and we needed a massive […]

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Ignoble Nobel: Krugman explicitly advocating inflation

Posted by Alex Chafuen
August 12, 2011
in Blog

Today in the New York Times Paul Krugman calls for “an all-out effort by the Federal Reserve to get the economy moving, with the deliberate goal of generating higher inflation to help alleviate debt problems.”   The destruction of the US monetary order is too slow for him.   Thanks to scholars who many decades […]

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Investing in gold, loving the free society

Posted by Alex Chafuen
August 11, 2011
in Blog

My late economic professor and mentor, Hans F. Sennholz, practiced what he preached.  His example added to the strength of his classes.  Forecasting the great weakening of paper money he invested in gold and silver.   He had mixed feelings.  “As gold investors we may rejoice about the soaring gold price, but as members of […]

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Checkmate?

August 10, 2011
in Blog

The turmoils affecting the economics and financial markets in the United States and Europe do not seem to go away as fast as anyone would want to. Those who warned that this may be a crisis with a “W” shape may well be right. The recent downgrade in from AAA to AA- in the short […]

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“Should Governments buy gold?” Even New York Times creates discussion blog

Posted by Alex Chafuen
August 10, 2011
in Blog

When I was studying under Hans Sennholz, a student of Von Mises, our text book for monetary economics was Mises The Theory of Money and Credit.  It was 1978-1979, and the price of gold was also going through the roof (in real terms higher than today’s price).   The negative results of continued politicization of money […]

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Shooting the Messenger

Posted by Gonzalo Schwarz
August 9, 2011
in Blog

I had a friend, we’ll call him George[i], who had a theory about how to best keep the carbonation in his beverages.  It was very straightforward.  It went like this: After opening, leave the cap off.  Although it sounds ridiculous, this was his actual procedure.  Don’t laugh.  This is the exact type of thinking that […]

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Antony Fisher on sound money

Posted by Alex Chafuen
August 9, 2011
in Blog

Antony Fisher, the founder of Atlas, was studying and writing about economics before the founding of the IEA or attending the Mont Pelerin Society.   In or before 1948 he wrote: “Paper currencies are not foolproof and can be used to conceal unpleasant facts; on the other hand a gold currency cannot be tampered with […]

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Where Is the U.S. Going?

August 3, 2011
in Blog

This week was of high political voltage because of the debt ceiling debate. Could the most important economy in the world default its debt? And in such case, what would happen, not only to the United States, but to the worldwide economy, given that we are in the midst of a financial crisis? The recent […]

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The Perfect Protection of Prodding and Printing, Conclusion

Posted by Gonzalo Schwarz
August 2, 2011
in Blog

It is not from 
the malevolence of the taxman, the regulator, or the central banker that we expect to lose our 
dinner, but from their regard to their own interest and the inevitable produce of their institutions[1]. The most well-intentioned worker at a cheese factory, if he does his job conscientiously, will produce cheese; if […]

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Forbes: Time to Go Back to the Gold Standard

Posted by Intern
August 1, 2011
in Blog

Steve Forbes, Forbes Media Chairman, discusses the importance of returning to the gold standard and explains how the United States could do so in this interview with Fox Business Network. Listen here. For further discussion with Mr. Forbes, save the date for Atlas’s Liberty Forum on November 8-9 in New York City. For more information, […]

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