Monday, 24 July 2017

Monthly Archives May 2012

Gold and The Central Banks: The Game Theory

Posted by Gonzalo Schwarz
May 24, 2012

“Collectively, the central bankers of the world might agree that they do not want gold to be remonetized. Individually, it is in their interest to defect from this consensus. As the American Century decays, individual motivations tend to become more prominent. You and I are not in a free market – but the central banks […]

Read More

Alasdair Macleod: All Roads In Europe Lead To Gold

Posted by Gonzalo Schwarz
May 24, 2012

Submitted by Chris Martenson This week we bring back Alasdair Macleod, publisher of Finance and economics.org, because, as he puts it “every horror that we discussed last time we spoke is coming about”. Especially scary since our previous conversation with him was less than three weeks ago… Today’s interview continues building on his excellent synopsis from last month that detailed the […]

Read More

Paul Krugman Bashes the Fed…

Posted by Gonzalo Schwarz
May 23, 2012

…just not on purpose. by Robert P. Murphy In a few recent blog posts, Paul Krugman used bar graphs and tables to (allegedly) prove the superiority of his views over those of the Austrians. Yet, as I’ll show in this article, I can use Krugman’s own data to demonstrate the exact opposite. Krugman on the Fed […]

Read More

Can We Get Inflation AND Deflation at the Same Time?

Posted by Gonzalo Schwarz
May 23, 2012

Submitted and © by Keith Weiner of the New Austrian School of Economics Dollar Backwardation The current financial crisis, may progress to a phase where people demand and hoard dollar bills but take electronic deposit credits only at a discount which increases until electronic deposit credits are repudiated entirely.  The Federal Reserve would be powerless […]

Read More

Regulatory Capture 101

Posted by Gonzalo Schwarz
May 22, 2012

We get tired (sometimes) of repeating ourselves here at Sound Money, but an important lesson about the difference between voluntary exchange under contract law (free market) versus involuntary transfers under bureaucratic administration with legal immunity (government market) is that when the free market offers a product that is deficient it finds no buyers and disappears, […]

Read More