Monday, 24 July 2017

Monthly Archives November 2015

Prudential banking versus real bills doctrine

November 4, 2015

Should banks adhere to the Real Bills Doctrine (RBD)? This is an old question that, from time to time, resurfaces. So what then is a real bill? A real bill is a bill that is backed by a real good. If I produce bread, for instance, then as a producer I can issue a bill […]

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Op-ed: A new sound money movement for the GOP?

November 2, 2015

Taking a look back at last week’s GOP debate, there is clearly room for much criticism of CNBC and the questions asked of the candidates. But, sound money advocates might concede that the moderators did get one thing right: monetary policy. According to an article published this morning in The Hill by Dr. Judy Shelton, Co-Director of the […]

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