Failure to act carries the “threat of cascading default, bank runs and catastrophic risk,” [U.S. Treasury Secretary Timothy F.] Geithner said in a Sept. 24 statement to the IMF, his strongest public lobbying yet.Read More
Monthly Archives September 2011
Lecture presented by David Gordon at the Ludwig von Mises Institute’s “Choice in Currency: A Path to Sound Money” seminar held in Vancouver, British Columbia, Canada; 13 September 2008. Sponsored by Almaden Minerals, Ltd. http://mises.org image from libertarianpapers.orgRead More
Fraser Institute released its new index of economic freedom. The data shows that economic freedom in the world has been going down during the last two years of the study. Yet, the scores for “access to sound money” are as high as ever. I have yet to look at all the figures but on […]Read More
Technically speaking, a policy of upholding or expanding the fiat-money stock in an environment where banks are no longer willing to extend credit and issue new fiat money appears to be technically possible.
However, the Austrian School of economics points out that an economy’s production structure will be turned upside down once the hitherto relentless rise of fiat money…Read More
Congressman Ron Paul and Charles Partee, then a member of the Federal Reserve Board of Governors, debate the Gold Standard at the first Mises Institute conference, held on November 16-17, 1983. Dr. Paul begins with the issue that many who reject outright the idea of the central planning of any area of the economy “whole […]Read More
Early in the history of Atlas, Antony Fisher, its founder, was fundraising for a program to promote sound money. In 1985, a few months before I arrived to Atlas, he wrote to a potential donor: “I have been offered $50,000 towards the cost of a publication on the history of money. I believe that one […]Read More