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Hi all! I'm a 26 year old writer/software tester and I 'study' economics on Mises.org for about 30-40mins most nights after work and at weekends to learn as much as I can about liberty and economcs. I've been doing this for about a year now. I would very much like some advice about buying...
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See Rothbard's What Has Government Done to Our Money . When a regular person buys a government bond, that person is spending money they had to have somehow received beforehand from someone else. That is, it must have been money that was already in circulation. When the Federal Reserve buys government...
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Money as debt is a good educational video of how the system works but it's socialized solution is something that could be compared to the FED itself. The amount of money created (liability) in the economy should equal to that of the production (asset) of a nation thereby offsetting each other and...
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According to the Consumer Price Index, inflation is at about 3%/year . Gold is up 24% this year. Oil is up over 50% in 12 months. Assuming that the supply of gold is not violatile, shouldn't these be roughly similar? What is the actual inflation rate?
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Currency, by definition, is never "hard;" people keep the hard money and spend the least hard. However, the problem is easy if there is a federal system: the central government is mandated to coin both gold and silver coins, the several States adopt one or the other. If someone finds a reef...
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Hey everyone, figured I'd contibute a little something to the forum here with my first post... I was just wondering as to what every one else thinks about the fallacious reasons typically given for inflation and why it is that everyone buys into those concepts rather than accepting the logically...