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Rough diamonds - a means of storing value?

Some say rough diamonds are storing the highest value on the smallest space, but could they function as currency? There is a debate about what currency to use. Most Austrians would favour a gold based money and oppose fiat money(money created on the books only). They argue that this will finally lead...

Posted to Torsten by Torsten on Tue, Sep 16 2008
Filed under: commodities, value, currency, diamonds, purchasing power, fiat-money

Blueprint for Financial Regulatory Reform

In the midst of our economic slowdown, the U.S. Treasury Dept has issued what they are calling the "Blueprint for Financial Regulatory Reform". The highlights, as given by an article on Yahoo!'s website , are as follows: --designate the Fed as the primary regulator for market stability...

Posted to Economics Questions by Sailor on Sun, Mar 30 2008

The Golden Constant

There must be people on here that are aware of Roy Jastram's fascinating work "The Golden Constant". Its a book sized piece on the gold/commodity ratio from 1580 until 1976. Its a great read if you know about Mises' theory on the interest rate and the Gibson's paradox observation...

Posted to Economics Questions by npmcw on Thu, Dec 6 2007