Wednesday, 18 January 2017

Monthly Archives February 2013

Will the U.S. Nationalize Gold Within its Borders?

Posted by Gonzalo Schwarz
February 25, 2013

Money manager Peter Schiff predicts, “We are headed for a monetary crisis, a dollar crisis. . . . Money supplies are going to explode, and gold supplies are going to be constricted.” According to Schiff, that means only one thing, “The price of gold has one way to go in the long term, and that […]

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Two Awful Anniversaries: Income Tax and Federal Reserve

Posted by Gonzalo Schwarz
February 18, 2013

by Steve Forbes This year marks the 100th anniversary of the federal income tax (February) and the Federal Reserve System (December), both of which today are doing immeasurable harm. And, thankfully, both will be undergoing enormous changes. Income taxes punish the very things we want more of: productive work, risk-taking and success. We can’t say […]

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Economists say independent Scotland ‘should keep pound’

Posted by Gonzalo Schwarz
February 15, 2013

ByRachel Cooper The future currency of Scotland, assuming a “yes” vote in next year’s vote on independence, has been questioned by supporters and opponents. Some argue Scotland would have to adopt the euro as a consequence of gaining full EU statehood, while others have called for a new currency or retention of sterling. The Fiscal […]

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What Happens when Uncle Sam’s Sugar Daddy Runs out of Canes?

Posted by Tyler Watts
February 13, 2013

The Wall Street Journal’s Real Time Economics Blog recently reported that, according to new CBO projections, the Federal Reserve will cease its annual “payments” to the US government by 2018. You’re probably wondering two things: 1. Why the heck would the Fed be funding the government—shouldn’t it be the other way ‘round? 2. How the […]

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Virginia Takes First Step Toward Sound Money

Posted by Gonzalo Schwarz
February 11, 2013

By Norm Singleton This week, the Virginia House of Delegates passed Delegate Bob Marshall’s HJ 590. This legislation authorizes a study of the feasibility of Virginia adopting a “metallic-based” “currency” to protect the citizens of the Old Dominion in the event of a collapse of the US Dollar. The legislation still has to pass the Virginia […]

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The Impossibility of Economic Calculation in a Fiat World

Posted by Gonzalo Schwarz
February 11, 2013

By Alasdair Macleod The purpose of keeping accurate accounts is to quantify net worth at any given point in time – as well as the change from a prior date. It goes without saying that the measure used, money, should be constant if comparisons over time are to mean anything. Only then do prices of […]

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