Saturday, 18 November 2017

Monthly Archives July 2014

Steve Horwitz to the defense of the Gold Standard

July 23, 2014
in Blog

Last week, Matt Yglesias outlined seven reasons to think that the Gold Standard is not a viable option, but rather a terrible idea. In an article published by www.FreeBanking.org, Steve Horwitz refutes Yglesias point by point, addressing the following claims: 1) A gold standard wouldn’t stabilize inflation 2) A gold standard wouldn’t stabilize exchange rates […]

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Realizing Bitcoin’s potential

July 22, 2014
in Blog

Governments around the world are grappling with what to do with Bitcoin — the cryptocurrency that has attracted enthusiasts worldwide, endured the bankruptcy of one major exchange (Tokyo-based Mt. Gox), and puzzled fans and detractors alike with regard to its legal status. The Montreal Economic Institute recently published a study that discusses Bitcoin’s potential. In […]

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“The Fed Can’t Fix What Ails the Economy”

July 21, 2014
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Earlier this week, Janet Yellen, Chair of the Federal Reserve, pointed to several points that she felt warranted continued action by the Fed. In an article published today in Real Clear Markets, however, Gerald O’Driscoll notes that monetary policy is not the answer to many of the economy’s biggest problems, perhaps most notably the ever […]

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Bitcoin: A New Medium of Exchange or a New Investment Vehicle?

July 21, 2014
in Blog

By Tien Nguyen Bitcoin has been a significant innovation of electric money for the past five years and with a fascinating and breakthrough characteristic, it is undoubtedly true that Bitcoin is marking a whole new turning point in money’s features, particularly in money transaction. Bitcoin is the first decentralized digital currency and compared to other […]

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We are Taxed Enough Already

Posted by Jerry Jordan
July 18, 2014
in Blog

Today’s T.E.A. party adherents have it right. We are Taxed Enough Already! So why is raising the inflation tax gaining popularity with policymakers around the world? The central idea of post WWII monetary arrangements was that the US dollar would be firmly pegged to gold at a fixed rate and the rest of the world […]

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Tough Questions for the Fed

July 17, 2014
in Blog

This past week, Janet Yellen, chairwoman of the Federal Reserve, delivered her semi-annual monetary policy report to congress, confidently supporting the Fed’s ultra-low interest policies. While critics in the legislature and economists alike were quick to question her unabashed conclusions, market investors continued to exploit capital gains on their portfolios. In her recent article, published […]

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Worst Economic Predictions

Posted by Devin Roundtree
July 15, 2014
in Blog

America’s monetary and fiscal policies rest upon the ideas of some of the most prolific economists since the turn of the 20thcentury. Ironically, these economists put their theories to test in making bold predictions, only to be proven dead wrong. #4 Paul Samuelson, 1943 Forecast: Post WWII Great Depression Thanks to Samuelson’s #1 selling economic […]

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The Politics of Money

Posted by Gonzalo Schwarz
July 14, 2014
in Blog

In her latest article in the Weekly Standard, Atlas Network Senior Fellow and Sound Money Project Co-Director Dr. Judy Shelton summons U.S. leaders to “consider profound monetary reform to establish the reliability of America’s currency and help build a new international monetary system,” and not invoke “sound money” as a mere platitude. Dr. Shelton challenges […]

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Are We Still All Inflationists Now?

Posted by Jerry Jordan
July 14, 2014
in Blog

A recent WSJ news story made the startling claim that the Federal Reserve was “making progress” because the various measures of inflation have been rising recently.  Other   reports have similarly commented favorably on success of the Bank of Japan and European Central Bank in raising inflation rates.  What is going on? Five years ago, the […]

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Time to stop taxing gold and silver

July 8, 2014
in Blog

Last month, Oklahoma Governor Mary Fallin signed Senate Bill 862 into law, once again recognizing gold and silver as legal tender and an acceptable means of payment of debts in the Sooner State. While this treatment would seem self-evident, noting Article I, Section 10 of the U.S. Constitution, precious metals in Oklahoma were previously taxed […]

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Another Financial Meltdown on the Horizon

Posted by Gonzalo Schwarz
July 2, 2014
in Blog

Is there another financial meltdown on the horizon? Dr. Judy Shelton who co-directs the Atlas Sound Money Project surely believes so. In her latest article in The Hill Dr. Shelton warns about the “alarming disconnect between the performance of global equity markets, which are booming, and an underlying world economy that is merely limping along”. […]

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