Just because he got filthy rich inventing the vacuum cleaner doesn’t mean he knew macro. Yes, they were on the gold standard, but the forces
Back pedaling from yesterday’s remarks, but just getting the fish hook in deeper. Gold is a non financial asset,not an ‘alternative monetary asset’ Starting to
For all you gold bugs. Tell me Irv didn’t get it! “The U. S. is headed toward a period of business depression, probably beginning within
We went off the gold standard in 1934 and solvency was never again an issue for the Federal government. Those ‘sound money’ people were wrong
> > (email exchange) > > Two quotes from a compilation of Einstein’s writings and speeches > that I thought you’d enjoy: > 1) “The gold standard has,
Note the US was back on gold internationally after Bretton Woods: The Bretton Woods Conference took place in July 1944, but did not become operative
[Skip to the end] (email exchange) Right, add CATO to the list of organizations that have no credibility and now put the Dallas Fed on
[Skip to the end] Totally misguided regarding public purpose. For one thing, the shareholders of the agencies are still there for ‘market discipline’ – all
A Rescue Plan for the Dollar By Ronald McKinnon and Steve H. Hanke The Wall Street Journal, December 27, 2007 Central banks ended the year