As several of the worse performing currencies are in countries where the government manipulates statistics and exchange rates, it is not easy to come up with a perfect ranking. Using the inflation rate is a good approximation. In Venezuela the official price inflation is over 60%. In Argentina statistics are so manipulated that it is […]Read More
Author Archives Alex Chafuen
Peter Schiff writes “A couple weeks ago, we reported on Alan Greenspan’s prediction that the price of gold would rise. He said this at the New Orleans Investment Conference. In an interview at the Council on Foreign Relations (CFR) the next week, Greenspan commented even more on gold, though the CFR did not publish his […]Read More
Most of the team of the Atlas Sound Money Project attended the Cato Institute Monetary Conference. Dr. Judy Shelton, co-director of the project spoke on “Building an Orderly and Ethical International Monetary System,” Senior fellow, Dr. Jerry L. Jordan, who knows more than any other person I know how the Fed interacts with banks spoke on “The Role of Gold in a Market-Based Monetary System” and former Atlas trustee Dr. Gerald P. O’Driscoll Jr. presented a paper on “Monetary Reform: Process and Substance.”
Several members of the Sound Money Project team, including talented young academics Nicolás Cachanosky, winner of the 2nd Prize in the Mont Pelerin Society Hayek Essay contest, William Luther (Kenyon College), Thomas Hogan (Troy University, and Gonzalo Schwarz (Atlas Network) were able to network and strategize about how best to embark on the road to sound money.
Congratulations and gratitude to James A. Dorn, George Selgin, John Allison, and others for the outstanding conference.
The Wall Street Journal blog reports that Cato’s new Center for Monetary and Financial Alternatives will have as a goal to “challenge the central bank’s policies and explore alternative ways to manage the U.S. money supply, including but not limited to a return to the gold standard.” The new director, George Selgin, is an outstanding economist, with […]Read More
In a recent piece in Forbes.com, contributor Mark Hendrickson writes “one of my favorite passages in “MONEY” was when the authors drew an ironic contrast between the fate of John Law, who had to flee France in disgrace after his ruinous paper money scheme blew up two centuries ago, and our present tendency to lionize […]Read More
The On-Line Library of Law and Liberty just published my review of Stephen King’s “When the Money Runs Out.” Monetary manipulation has destroyed the level of trust in free-markets in many countries, I am more familiar with the Argentine case, which King analyzes in his book. He also touches on Japan. Their civil society still […]Read More