This article was originally published by UFM Market Trends. By Dickson Buchanan Jr. The gold market has shown a lot of volatility recently, causing many financial commentators to question its relevance for today’s modern financial arena. It’s become quite common to underestimate gold’s importance in today’s sophisticated global capital markets. However, that perception tends to […]Read More
Blogging by friends of Atlas and others who concerned with the issues at hand.
Jim Harper recently described purchasing power volatility as “a well-recognized impediment to the success of Bitcoin as a currency.” It is well recognized, but also overplayed. There’s no denying that the purchasing power of bitcoin is relatively volatile (though less so over the last year or so) or that a volatile exchange rate makes bitcoin […]Read More
Last Tuesday, the 33rd annual Cato Monetary Conference was held at the Cato Institute in Washington, DC. There, brilliant minds met and presented on various interesting topics. I will briefly comment on some of them in another post, but for now would like to offer a short reflection on the first keynote address by James Bullard, President and […]Read More
Having a monetary constitution is important. But do we need a distinct monetary constitution? Steven Horwitz says no. Agreeing with James Buchanan that a monetary constitution is desirable, Horwitz argues that a general constitution that protects private property rights, provides for contract enforcement, and maintains the rule of law is also a monetary constitution, even […]Read More
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 […]Read More
A few weeks ago I addressed the question, “Who Wants Sound Money?” Because my answer was that apparently everyone does, the next obvious question is: who should be responsible for assuring sound money? In the case of the US dollar, the original answer at the time of the founding of the country was the US […]Read More