Saturday, 18 November 2017

Monthly Archives February 2012

Should Lawmaking Be Against the Law?

February 29, 2012
in Blog

The short answer is “yes,” with a “but”; the long answer is “no,” with an “if.” For a market to work and grow, certain rules should prevail and be protected, like private property, enforcement of contracts, civil and economic liberties, etc. But the lawmaking process can be a tricky and dangerous path.  What seems to […]

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Taxes: The Seen and the Unseen

February 27, 2012
in Blog

If an inflation tax falls in the forest, and not one in a million understand it, does it make a sound?[1] According to a recent news report by Reuters, “President Barack Obama called on Monday for new spending to boost growth and higher taxes on the rich, laying out an election-year vision for America in […]

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Vicious Armed Robbery versus Sweet, Sweet Embezzlement

Posted by Gonzalo Schwarz
February 27, 2012
in Blog

All We Like Sheep   A classic by Joseph Sobran fitzgerald griffin foundation Once upon a time, my father bought Time magazine every week, as I do now. He paid 20 cents per issue; I’m paying $3.95. In my teens I bought paperback editions of Shakespeare’s plays for 35 cents each; now they cost about five bucks. I’m […]

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“Is the dollar the key to the oil price?”

Posted by Gonzalo Schwarz
February 27, 2012
in Blog

Larry Kudlow and Ron Paul talk Sound Money. Larry wants to know if the weakening of the dollar through debasement might have something to do with oil prices rising.  Here’s a hint: Yes. And here they are talking gold.  Remember when Bernanke said that gold isn’t money?  Let’s take a trip down memory lane, shall […]

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The Sound Money Project Video Contest, 2012

Posted by Gonzalo Schwarz
February 22, 2012
in Blog

DEADLINE EXTENDED to April 7th, 2012   Money shouldn’t just be Sound, it should be Seen.  Show us why Sound Money is important, and hear the wonderful sound of money in your pocket.   Rules:  The Sound Money Project Video Contest is open to any person or persons interested in producing a video focused on […]

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The Euro (Double) Standard

Posted by Tyler Watts
February 20, 2012
in Blog

The received wisdom in economic history places much of the blame for the Great Depression squarely on the shoulders of the gold standard. For instance, Berkley economist Barry Eichengreen states, “Far from being synonymous with stability, the gold standard itself was the principal threat to financial stability and economic prosperity between the wars” (Golden Fetters […]

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Get Out Your Hair Spray

Posted by Gonzalo Schwarz
February 15, 2012
in Blog

It’s 1980 Again by Doug French   Floyd Norris writes for the New York Times that it’s 1980 all over again. Discussion of gold has gone from nonexistent a decade ago to the question of whether its price is in bubble territory, and now a policy question in the Republican primary. Ron Paul has been stumping for a return to […]

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Why Young Folks Would Love Sound Money

February 14, 2012
in Blog

Never trust anyone over 30 (unless they pay with Sound Money) Without a gold and silver standard anchoring prices, Americans have felt their standard of living dwindle in the face of rising prices and staggering wages. While the shrinking middle class dominates the focus, young people have arguably suffered the most. If today’s youth were […]

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Why Do Youths Love Ron Paul’s Call for Gold?

Posted by Gonzalo Schwarz
February 14, 2012
in Blog

“Excuse me, did you say ‘Yutes‘?” by Stephen Richer, Forbes Contributor Ron Paul’s Gold Movement: Do Young Voters Care?     The following post deviates a bit from the normal fare on this blog – it’s not on youth politics per se, but the gold/fiat debate might be increasingly important to understanding some young voters.  Explanation:  […]

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Monetary Equilibrium and Relative Prices

February 13, 2012
in Blog

There’s long been debate on the role of an elastic money supply in achieving monetary equilibrium in a free market. Namely, should the money supply follow a 100-percent reserve requirement on banks or should banks be allowed to make use of fractional reserves. The debate offers two lines of reasoning. An ethical argument in favor […]

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Golden Paperweights, and Other Investments

Posted by Tyler Watts
February 10, 2012
in Blog

Why gold isn’t money, steak isn’t food, and you’re not really reading this… File this one under “you’ve got to be pulling on my leg:” an unsigned editorial at Nasdaq.com makes the utterly risible claims that “gold has no value except as an investment” and “It is only the backing of governments that gives gold […]

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How Bernanke Is Using the Printing Press to Win Friends and Influence People

Posted by Gonzalo Schwarz
February 10, 2012
in Blog

Here’s a hint: He is not using it to print pictures of live presidents. Presented by Robert P. Murphy at “The Inflationary Path to Despotism,” the Mises Circle in Phoenix, Arizona, 10 April 2010. Sponsored by James M. Rodney. Includes an introduction by Douglas E. French.   image: www.flickr.com/PrettyCoolShops

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Sound Money Champions at CPAC, Thursday Feb 9

Posted by Alex Chafuen
February 6, 2012
in Blog

  The role of the Fed in fueling a boom and bust economy has brought the topic of Sound Money to an important place in the Republican Presidential primaries.  Ron Paul and Newt Gingrich have been addressing the importance of the gold standard, so the session sponsored by the American Principles Project, Thursday, February 9, 1:00-2:00PM […]

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Bureau of Labor Statistics’ Employment Figures Are “Very, very suspicious.”

Posted by Gonzalo Schwarz
February 3, 2012
in Blog

“Seasonally adjusted,” they are all 10 feet tall and very, very handsome.   TrimTabs Explains Why Today’s “Very, Very Suspicious” NFP Number Is Really Down 2.9 Million In Past 2 Months Submitted by Tyler Durden We have examined the nuance of the euphoric jobs data this morning from every angle and by now there should be plenty […]

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Dear Alan, …

Posted by admin
February 3, 2012
in Blog

Integrity called. It wants its gold back. Memo To: Rep. Ron Paul [R TX] From: Jude Wanniski Re: Greenspan and Gold Dear Ron…I didn’t watch all of Greenspan’s testimony before the House Financial Affairs Committee last Wednesday, but I was lucky enough to catch the one question they gave you time to ask. Indeed, you […]

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Thomas Sargent on federal bailouts

Posted by Gonzalo Schwarz
February 3, 2012
in Blog

by Tyler Cowen on February 3 In 1789, the political price for our federal constitution included a bailout of the 13 indebted states. But it was by refusing to bail out the states a second time in the 1840s that the United States preserved its federal system, with substantial fiscal independence for state governments. Facing a similar […]

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I Forget What You Did Last Summer

Posted by Leonard Liggio
February 1, 2012
in Blog

Has the current crisis destroyed the market’s “property memory systems”? by Leonard Liggio Hernando de Soto contributed a column to a series, “Capitalism in Crisis”, in the Financial Times (January 31, 2012). Its title is: “Knowledge lies at the heart of western capitalism.” Although he does not mention F. A. Hayek’s pioneering work on knowledge […]

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What Does Regime Uncertainty Look Like?

February 1, 2012
in Blog

To follow the development of the Euro crisis it sometimes feels like watching a slow motion movie where we know the final result, but we don’t know how is it going to be played out. News and uncertainty, again, about the future of the Euro and a potential default by Greece is like following the […]

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